The world’s largest decentralized alternate protocol Uniswap has acquired the primary NFT market aggregator Genie. Uniswap said they acquired Genie because of their mission to unlock common possession and alternate.
Uniswap to increase 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 might be integrating NFTs into their line of merchandise, they might additionally combine NFTs into developer APIs and widgets.
The DeFi protocol in its announcement stated 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 vital gateway to web3. The corporate stated within the announcement on its weblog.
In keeping with Web3 ethos, Uniswap might be sharing a few of the worth with historic Genie customers by means of a USDC airdrop. The airdrop will launch in August and be out there to be claimed for as much as 12 months, based on the corporate.
Solana NFT market Magic Eden raises $130 million In a funding spherical
Magic Eden, the present kingpin of the Solana NFT group, which handles greater than 90% of the ecosystem’s quantity has raised a whooping $130 million in a Collection 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 Collection B of Opensea. Magic Eden beforehand raised a $27 million Collection 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 main and secondary marketplaces, in addition to discover “multichain alternatives,” based on a press launch.
CEO of Magic Eden Jack Lu, stated in a press release that they’re conscious NFTs is probably the most environment friendly technique to introduce individuals to the blockchain.
The offered content material might embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability on your private monetary loss.
