The world’s largest decentralized trade protocol Uniswap has acquired the primary NFT market aggregator Genie. Uniswap said they acquired Genie on account of their mission to unlock common possession and trade.
Uniswap to broaden product line by integrating NFTs
In a bid to make Uniswap a superb platform for customers and builders in Web3, the Decentralized finance protocol Uniswap can be integrating NFTs into their line of merchandise, they’d additionally combine NFTs into developer APIs and widgets.
The DeFi protocol in its announcement mentioned this isn’t their first time coming into the NFTs area asthey had launched Unisocks – a platform for NFT liquidity swimming pools and NFTs backed by actual world belongings – in 2019. It additionally labored on Uniswap v3 NFT which helped pioneer on-chain generative SVGs.
We see NFTs as one other format for worth within the rising digital financial system—not a separate ecosystem from ERC20s—and so they’re already an necessary gateway to web3. The corporate mentioned within the announcement on its weblog.
In step with Web3 ethos, Uniswap can be sharing among the worth with historic Genie customers by way of a USDC airdrop. The airdrop will launch in August and be out there to be claimed for as much as 12 months, in response to the corporate.
Solana NFT market Magic Eden raises $130 million In a funding spherical
Magic Eden, the present kingpin of the Solana NFT neighborhood, which handles greater than 90% of the ecosystem’s quantity has raised a whooping $130 million in a Sequence B funding co-led by Greylock and Electrical Capital.
The spherical which was introduced on Tuesday brings Magic Eden to a $1.6 billion valuation placing it on the identical degree with the Sequence B of Opensea. Magic Eden beforehand raised a $27 million Sequence A led by Paradigm, Sequoia and Solana Ventures in March.
Magic Eden says it plans to make the most of the funds by increasing its major and secondary marketplaces, in addition to discover “multichain alternatives,” in response to a press launch.
CEO of Magic Eden Jack Lu, mentioned in an announcement that they’re conscious NFTs is essentially the most environment friendly technique to introduce folks to the blockchain.
The offered content material could embrace the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability in your private monetary loss.