Uniswap Labs continues to penetrate the genius acquisition in NFTS

Uniswap Labs continues to penetrate the genius acquisition in NFTS

Uniswap Labor announced On Tuesday it took over the NFT-Marktplatz-Aggregator Genius in one step that will enable the developer of Uniswap Depentralum Crypto trading protocol, to add the NFT functionality (not fungible tokens) to its product range.

The takeover will enable the company to integrate NFT marketplaces into the uniswap’s web app and to "integrate NFTs into our developer APIs and widgets, which means that uniswap a comprehensive platform for users and builders in [Web3]," said the company in a statement.

As part of the takeover uniswap, USD will also drop out of the air Coin (USDC) to genius users who have used the marketplace before April 15 more than once, and to those who have a genius: Gem NFT, the company, own tweeted . The Airdrop starts in August and can be claimed for up to 12 months.

The further expansion of uniswapeiner of the world's most popular decentralized stock exchanges, in the NFT market could threaten other NFT marketplaces by enabling developers to integrate directly into a market-leading stock exchange.

The company first ventured to NFTs in spring 2019 when it introduced Unisocks, an NFT liquidity pool, which, according to statement, is covered by real assets.

The acquisition was carried out by uniswap labs and has no influence on the Uniswap Protocol, Uniswap Governance or the Uni-Token added the explanation.

A spokesman for the company did not immediately answer a request for comment.

In May, the stock exchange has recorded crypto trades worth more than $ 1 trillion since its introduction in 2018. Approximately cryptocurrency worth 3.34 billion US dollars is currently in the stock exchange.

. .

The Post Uniswap Labs continues with Genie Acquisition in NFTS there is no financial advice.