Key facts:
Various NFT marketplaces will be integrated into Uniswap for trading.
Additionally, there will be an airdrop of the USDC stablecoin to welcome Genie users.
The Ethereum network’s decentralized exchange (DEX) Uniswap will now give its users the option to buy and sell non-fungible tokens (NFTs) without leaving its platform.
This new possibility, announced by the DEX through a blog post, has to do with the acquisition of Genie, an NFT marketplace aggregator. Being an aggregator, different NFT markets will be accessible from Uniswap to buy and sell this type of tokens, highly sought after by collectors.
Thus, NFT trading adds to Uniswap core functionality, which is ERC-20 token trading. As CriptoNoticias has explained, ERC-20 tokens are those that are created on the Ethereum network and can be exchanged, for example, in decentralized applications on that network.
Finally, the DEX also communicated one more functionality that can benefit both regular users and developers. It’s about the integration of NFTs in Uniswap APIs (Application Programming Interfaces) and widgetswith which these services can be accessed even from other websites.
“We see NFTs as another form of value in a growing digital economy—not as an ecosystem apart from ERC-20s—and they are already an important gateway to web3,” Uniswap’s statement said.
Uniswap will also airdrop
In addition to the above, Uniswap also announced that there will be an airdrop. This free distribution of the cryptocurrency USD Coin (USDC) will be intended for Genie users who have used this NFT market more than once before April 15 or who have an NFT Genie Genesis.
This airdrop will take place in August. From that month, those who are eligible will be able to claim their reward for up to 12 months, the DEX reported in its statement.