Uniswap Labs, a decentralized exchange startup of the same name, has launched support for non-fungible tokens based on the Genie NFT aggregator.
The company announced that by listing both digital economies on a decentralized exchange (DEX), it plans to bridge the gap between crypto exchanges and non-fungible token marketplaces:
“NFT and ERC-20 tokens exist as two separate ecosystems in cryptocurrency, but both are essential for the growth of the digital economy. The launch of NFT on Uniswap is our first step in creating a more functional interaction between them.”
The Uniswap team claims that users will now be able to trade NFTs on multiple exchanges, including OpenSea and LooksRare, with gas fees reduced by up to 15%. Users of the Genie aggregator will receive special privileges, including a free distribution of the Circle USDC stablecoin among them, which will last for 12 months. The first 22,000 new users who buy NFT on the DEX are promised a gas discount of 0.01 Ether.
Decentralized finance platform Uniswap bought NFT aggregator Genie in October. The amount of the deal was not disclosed. Last week, Uniswap, in a new privacy policy, announced the collection of data related to crypto wallets of customers on and off the blockchain.
Source: Bits
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