Uniswap now allows trading of NFTs! Airdrops and promotions are ongoing, with 9 NFT market products available for selection.

The decentralized exchange leader Uniswap acquired the NFT marketplace aggregator Genie at the end of June this year. After a 5-month wait, the NFT trading function officially launched today. In addition to being able to purchase goods from 9 NFT markets on Uniswap at a lower Gas fee, there are currently airdrops and Gas fee promotion activities.

Uniswap NFT Trading Feature

Currently, the Uniswap homepage has added an NFT trading option with the slogan "Better prices. More listings." to promote cheaper prices and a wider variety of products available on Uniswap.

Using Art Blocks as an example in the image below, Uniswap's integration of multiple markets results in better prices and more quantity compared to other markets.

The markets integrated into Uniswap include OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, X2Y2, Foundation, NFT20, and NFTX. By calculating the average lowest price of the top 100 projects, trading on Uniswap can save approximately 17.5% in fees.

In addition to similar features to other exchanges, Uniswap emphasizes two advantages of its platform:

1. Lower Gas Fees:

In mid-November, Uniswap introduced a new generation router, the Universal Router, which optimizes the trading path between tokens and NFTs. Users can save more Gas units when trading on Uniswap, reducing Gas costs by up to 15%.

2. Trustless and Open Source:

Uniswap has always been committed to creating a trustless, transparent, and open-source platform. This design principle is also applied to the NFT market, as all front-end code is open-sourced, making it the first NFT market to do so.

Genie User Airdrop Event

Following the launch of the Uniswap NFT feature, the acquired NFT aggregator Genie is officially transitioning into history. Searching for the Genie official website link will now automatically redirect to the Uniswap NFT trading page.

To thank Genie users for their long-term support, an airdrop will be distributed to eligible users based on a snapshot taken on April 15, 2022, with the following airdrop rules:

1. Wallets that have completed one or more transactions can receive $300 in USDC.
2. Wallets holding Genie:Genesis NFTs can receive $1,000 in USDC. Purchases of Genie:Genesis NFTs or Genie:Gem NFTs between 5:59 pm and 9:15 pm UTC on June 21 also qualify.

For the next year, as long as users qualify for the airdrop, they can see the option to claim it after linking their wallet to Uniswap.

Gas Discount Promotion Event

To attract more NFT users, Uniswap is currently running a Gas discount promotion event.

From now until December 14, the first 22,000 wallets purchasing NFTs will receive a discount on Gas fees, with a maximum discount of 0.01ETH. The redemption will open after January 26, 2023, with a redemption period of 12 months.