Uniswap users will soon be able to buy NFTs directly on their web app
Modified Date:- Published Date:-Categories: Bitcoins
The integration of NFTs into the popular decentralized exchange means that users will soon be able to buy and sell assets in most major markets using Uniswap. Uniswap Labs also plans to incorporate NFTs into its other products, including its developer API and widgets, which it says will make Uniswap "a comprehensive platform for users and builders in Web3."As part of the Genie acquisition, Uniswap Labs will launch an airdrop of USD Coin (USDC) for historical Genie users. In a tweet, the company said that the airdrop would be open to any Genie users who had used the platform more than once before the snapshot was taken on April 15, as well as any user with Genie:GEM NFT. In 2019, the company launched Unisocks, a platform where users could buy $SOCKS tokens, which could then be redeemed for an actual pair of limited edition socks. Uniswap Labs also helped pioneer on-chain generative SVG images with the development of its Uniswap V3 NFT positioning technology.Launched in late 2018, Uniswap was one of the first – and currently one of the largest – decentralized exchanges on the Ethereum blockchain. In February 2021, wrapped bitcoin (wBTC) trading volume on the platform reached an all-time high after Tesla purchased a large amount of bitcoin. Most recently, in April this year a class-action lawsuit was launched against Uniswap alleging that the decentralized exchange was involved in unauthorized securities sales.
Uniswap Labs also plans to incorporate NFTs into its other products, including its developer APIs and widgets, which it says will make Uniswap “a comprehensive platform for users and builders in Web3”.