Uniswap Labs Buying Ethereum NFT Aggregator Genie

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Decrypt
11w ago2022-06-21

Uniswap Labs, the company behind the Ethereum-based decentralized exchange Uniswap, is acquiring the NFT aggregation platform Genie.

“We’re trying to bring everything we brought to the ERC-20 space to the NFT space,” Uniswap founder and CEO Hayden Adams said Tuesday in a Bankless interview discussing the announcement.

NFTs—unique blockchain tokens that signify ownership—can be purchased on a number of different marketplaces like OpenSea, LooksRare, or Coinbase NFT. But few offer users the ability to purchase multiple items in one transaction, and none offer aggregation tools that allow traders to see listings on rival marketplaces.

Genie offers both.

“We see NFTs as another form of value in the growing digital economy, and it’s a no-brainer for us to integrate them,” Uniswap Labs wrote on Twitter.