Uniswap Unveils New Feature To Rival Crypto Exchanges

Despite the fact that transactions involving nonfungible tokens, often known as NFTs, have significantly decreased as a result of the ongoing crypto bear market, Uniswap Labs is optimistic about the future of the sector.

On Wednesday, Uniswap finally revealed the launch of an NFT aggregator on its website. This decision comes five months after the company acquired the NFT trading aggregator Genie and Scott Gray, the company’s founder.

Uniswap’s New NFT Aggregator

In contrast to individual NFT marketplaces, users of Uniswap’s NFT aggregator are able to examine listings from OpenSea, LooksRare, NFTX, and other NFT marketplaces simultaneously.

1/ NFTs are officially live on Uniswap!! 🎨🦄

Starting today, you can trade NFTs across major marketplaces to find more listings and better prices.

We're also airdropping ~$5M USDC to historical Genie users

& offering gas rebates to the first 22,000 buyers. pic.twitter.com/OZXCydXydD

— Uniswap Labs 🦄 (@Uniswap) November 30, 2022

Users will then be able to evaluate different pricing across the board to decide whether or not they wish to buy or sell their NFTs. One can also trade NFTs either one at a time or in bulk.

Mary-Catherine Lader, COO of Uniswap Labs, further stated that,

“It’s not competing with OpenSea. It’s not telling you to list your NFTs on Uniswap. It’s just giving you access to OpenSea and the other marketplaces”

According to Uniswap Labs, its aggregator will be the first significant NFT platform to open source its front-end code. It will also be more gas-efficient for consumers, which will result in lower transaction fees.

Freebies Upon Launch

In conjunction with the launch, the crypto exchange will give its first 22,000 aggregator customers limited gas rebates on their first transactions, up to 0.01 ETH apiece, which roughly translates to $12, until December 14. After January 16, rebates may be redeemed using the Uniswap app.

Furthermore, to commemorate the debut, early Genie adopters will also be qualified to earn a portion of a $5 million USDC airdrop for selected historical Genie users via the official website of Uniswap.

Read More: Will Apecoin’s Next Big Launch Bring NFTs Back To Life?

Owners of Genie’s Genesis NFTs or Genie Gem NFTs will be eligible for $1,000 each, while Genie users who completed more than one transaction before April 15 will each be eligible for $300.

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