Uniswap’s NFT Trading Engine Goes Live, $5 Million USDC To Be Divided To Initial Genie Users

Now Uniswap’s NFT transaction aggregator is officially launched and the platform will broadcast $5 million USDC to initial Genie users.

Uniswap Labs announced on Twitter that their NFT transaction aggregation service has officially launched on Uniswap. Starting today, users can trade NFT on the main market for more listings and better prices.

In addition, approximately $5 million USDC was airdropped to historical users of Genie and gas rebates were offered to the first 22,000 buyers. Uniswap NFT aggregates data from all major NFT marketplaces, including OpenSea, X2Y2, Sudoswap,LookRare, and more.

As mentioned in the previous article of Coincu News, on the 22nd of June this year, Uniswap Labs successfully acquired NFT Aggregator Genie. Genie, the NFT aggregation platform, is being acquired by Uniswap Labs, the firm behind the Ethereum-based decentralized exchange Uniswap.

NFTs may be acquired on a variety of platforms, including OpenSea, LooksRare, and Coinbase NFT. Few, however, allow consumers to buy numerous things in a single transaction, and none provide aggregation tools that allow traders to browse listings on competing marketplaces. Genie provides both.

Now, Uniswap has achieved its goal of launching a new tab on its main website dedicated to NFT by the end of this year as part of its push to promote the NFT. NFT will also be included in APIs and developer utilities.

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