The world’s largest decentralized change 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 change.
Uniswap to broaden product line by integrating NFTs
In a bid to make Uniswap a wonderful platform for customers and builders in Web3, the Decentralized finance protocol Uniswap will probably 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 getting into the NFTs house 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 economic system—not a separate ecosystem from ERC20s—they usually’re already an vital gateway to web3. The firm stated within the announcement on its weblog.
In line with Web3 ethos, Uniswap will probably be sharing a number of the worth with historic Genie customers by way of a USDC airdrop. The airdrop will launch in August and be accessible 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 Series 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 stage with the Series B of Opensea. Magic Eden beforehand raised a $27 million Series 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 opportunities,” based on a press launch.
CEO of Magic Eden Jack Lu, stated in an announcement that they’re conscious NFTs is essentially the most environment friendly technique to introduce folks to the blockchain.
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