Crypto exchange Uniswap has announced that users can perform NFT trades on leading marketplaces to find the best prices and more diversity.
Uniswap wishes to celebrate bringing NFTs on its platform by airdropping close to 5 million USDC to particular Genie users. The first 22k NFT users will receive gas rebates. Also, Uniswap declares that it will continue to be self-custodial, open-source, and trustless, wishing to stay true to the values of decentralization.
Within the cryptocurrency industry, ERC-20 tokens and NFTs co-existed as two separate environments. However, Uniswap believes that both ecosystems are crucial to developing the digital economy. The company’s NFT launch is Uniswap first measure taken for building more interaction between NFTs and ERC-20 tokens.
Uniswap developed an aggregator to provide users with more listings, faster indexing, efficient execution, better prices, and safer smart contracts. For the NFT ecosystem, aggregators can provide more suitable prices by piling up various marketplace listings in one place. Uniswap’s announced that, initially, the platform will support, X2Y2, OpenSea, NFTX, NFT20, Foundation, Sudoswap, Larva Labs, and LooksRare.
Uniswap users could potentially save on gas costs up to 15% more when buying accross different marketplaces, as opposed to competing NFT aggregators.
Uniswap will share close to 5 million USDC with longtime users of Genie in order to show the company’s gratitude to them. to show our gratitude to longtime Genie users and welcome them into the Uniswap community. The company created two recipient tiers, based on a screenshot taken on 15 April 2022 at 00:00 UTC. The first tier is for USD 300 and it targets wallets that made multiple transactions prior to the snapshot. The second tier is worth USD 1000 and it appeals to wallets which held the Genie:Genesis NFT as represented by the snapshot.
As a welcome to new joiners, Uniswap started a promotion for gas rebats that began on 14 December 2022 and can be claimed beginning with 16 January 2023, on the company’s app, for 12 months.