Uniswap Labs just announced the acquisition of NFT marketplace aggregator Genie on Twitter. The terms of the deal weren’t disclosed, and neither was the fate of the Genie team. Uniswap has previously raised millions in funding from firms like Andreessen Horowitz and Paradigm to help build the startup’s decentralized exchange protocol.
Genie is a NFT marketplace aggregator that gives users access to libraries of NFTs, available across different marketplaces, and makes it so that they can see and trade NFTs across these platforms. Users know Uniswap as a decentralized way to swap a wide variety of tokens. The new acquisition will bring non-fungible tokens to Uniswaps’ platform. Apparently launching this fall, 2022.
The company stated that they plan to integrate NFTs into their products, starting with the Uniswap web app, where soon users will be able to buy and sell NFTs across all major marketplaces. They also plan to integrate NFTs into their developer APIs and widgets, in the hopes of making Uniswap a more comprehensive platform for users and builders in web3.
