Uniswap acquires NFT marketplace aggregator Genie, adds NFT trading functionality, USDC airdrop in August.

During last summer, when the NFT market was in a frenzy, Uniswap founder Hayden Adams conducted a poll on Twitter asking the Uniswap Labs community if they should do more in the world of NFTs. The poll received more than half of the votes in favor at the time, and Uniswap announced on the 21st the acquisition of the NFT marketplace aggregator Genie.

Uniswap Acquires Genie

According to the announcement, Uniswap has acquired Genie. Following the acquisition, the decentralized exchange's interface will now support NFT trading. The "Swap Widget" for coin exchange and developer APIs will also integrate NFT functionality, with the goal of making Uniswap a comprehensive platform for users and developers in the web3 space.

This is not Uniswap's first foray into the NFT field. In the spring of 2019, Uniswap launched Unisocks, an NFT linked to physical socks, used to explain the mechanism of the liquidity pool joint curve Bonding Curve.

To embody the spirit of Web3, users who have previously used Genie will receive a USDC airdrop in August based on the following conditions:

1. Have conducted at least one transaction on Genie before 4/15
2. Hold a Genie Genesis NFT before 4/15

"We are excited to bring the knowledge we have gained in building DeFi products into the world of NFTs, allowing more people to gain digital ownership and value," said the Uniswap team.

Genie Features

As an NFT market aggregator, users can view multiple secondary market listings from platforms like OpenSea, LooksRare, X2Y2, NFT20, NFTX, etc. when selecting NFTs of interest.

One of Genie's most notable features is its NFT shopping feature called "Genie Sweep." This feature appears in the upper right corner of the project, allowing users to enter the quantity they want to purchase or the number of ETH they wish to pay. The platform will calculate the saved gas fees, total amount, and the floor price after purchase.