Despite the low enthusiasm for NFTs following the crypto market sell-off, Uniswap sees the sector as another form of value in the growing digital economy.
The largest decentralized exchange, Uniswap Labs, is all set to integrate non-fungible tokens with the Genie acquisition. The amount of the deal has not been disclosed yet.The plan is to expand Uniswap’s products to include both ERC-20s and NFTs. Its acquisition of the NFT marketplace aggregator is part of its broader roadmap to “unlock universal ownership and exchange” on its platform.
Uniswap also plans to airdrop USDC to early Genie users in August. Basically, any user who used the platform at least once or owned a Genie Genesis NFT by April 15 will receive the stablecoin, which will be claimable for up to 12 months. The statement also said Genie users will continue to have uninterrupted service to the website until the new Uniswap NFT experience is available.
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