Wednesday, February 8, 2023
    HomeNFTUniswap Labs Acquires NFT Startup Genie

    Uniswap Labs Acquires NFT Startup Genie


    The world’s largest decentralized alternate 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 alternate.

    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 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 mentioned this isn’t their first time getting into the NFTs area asthey had launched Unisocks – a platform for NFT liquidity swimming pools and NFTs backed by actual world property – 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 economic system—not a separate ecosystem from ERC20s—they usually’re already an necessary gateway to web3. The corporate mentioned within the announcement on its weblog.

    In keeping with Web3 ethos, Uniswap might be sharing among the worth with historic Genie customers by a USDC airdrop. The airdrop will launch in August and be accessible 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 a press release that they’re conscious NFTs is probably the most environment friendly solution to introduce individuals to the blockchain.



    The offered content material might embody the private 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.

    Source link

    Related articles


    Please enter your comment!
    Please enter your name here


    Latest posts