Uniswap Lab just Acquired NFTs Aggregator Genie
Uniswap Labs who is one of the leading Ethereum-based decentralized exchange (DEX) technology firm, and Genie, a NFT aggregation platform that turns unique digital assets into commodities, have announced plans to combine their services in an effort to maximize the full potential of non-fungible tokens (NFTs).
Photo via cryptodefix
The main reason Uniswap acquired NFTs Aggregator Genie because they wanted to pursuit universal ownership and exchange in one platform. This will create them as the first NFT marketplace aggregator, which lets anyone discover and trade NFTs across most platforms.
NFTs would be integrated in ther Uniswap Web App which soon will make Uniswap users to buy and sell NFTs across all the major marketplaces. Uniswap Labs will also integrate NFTs into their developer APIs and widget, which will make Uniswap becomes user friendly for their users and builders in web3 industry
Uniswap Labs, which is one of the world’s largest decentralized exchange protocols goals, to create a simple and safe place for their users to access the benefits of digital ownership, offering deeper liquidity than just leading centralized exchanges.
Uniswap Labs mentioned that ‘We’re excited to bring what we’ve learned building DeFi products to NFTs, giving even more people access to digital ownership and value’
For the loyal customers of Uniswap Labs, don’t worry because this will have no impact on Uniswap Protocol, Uniswap Governance or the Uni Token. On the other, Genie users also still able to continue in using Genie services in their website until new Uniswap NFT Experiencej is available
This is not financial advice, so before you make your decisions please do your own research.