NFT Trading Goes Live on Uniswap With $5M Airdrop – CoinDesk

NFT Trading Goes Live on Uniswap With $5M Airdrop – CoinDesk

Spread the love

Eli is a news reporter for CoinDesk. He holds ETH, SOL and AVAX.

Non-fungible token (NFT) trading is now available on Uniswap, the decentralized crypto exchange said Wednesday.

Uniswap users will be able to trade digital collectibles across OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, Foundation and NFT20 marketplaces using the platform’s NFT aggregator tool. In addition, the platform says its new open-sourced Universal Router contract can save users up to 15% on gas fees compared to other NFT aggregators.

“NFTs and ERC-20 tokens have largely existed as two separate ecosystems within crypto, but both are essential to growing the digital economy,” the company said in a statement. “Launching NFTs on Uniswap is our first step in building more interoperable experiences between the two.”

Accompanying the announcement is a $5 million airdrop to historical users of Genie, the NFT marketplace aggregator Uniswap acquired in June. According to the company, Genie users will be airdropped $300 for completing more than one transaction or $1,000 for holding a Genie: Genesis NFT before a snapshot taken by Uniswap in April. Eligible users can claim their airdrop in USDC for the next 12 months.

In addition, Uniswap is offering gas rebates for the first 22,000 new users who purchase an NFT, with the rebate capped at 0.01 ether (ETH).

Uniswap’s newest product will compete with Blur, an NFT aggregator that launched with backing from venture firm Paradigm in October. Both Blur and Uniswap’s NFT offerings are aimed at professional NFT traders who are continuing to spend despite a prolonged crypto winter.

Uniswap touts itself as the first open-source NFT platform of its kind. The decentralized exchange first released NFTs in 2019 with the launch of Unisocks, an experimental crypto token backed by physical, limited-edition pairs of socks.


Sign up for Crypto Markets Today, our daily newsletter explaining what happened today in crypto markets – and why.

By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy.

DISCLOSURE

Please note that our

privacy policy,

terms of use,

cookies,

and

do not sell my personal information

has been updated

.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a

strict set of editorial policies.

CoinDesk is an independent operating subsidiary of

Digital Currency Group,

which invests in

cryptocurrencies

and blockchain

startups.

As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of

stock appreciation rights,

which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG

.

Eli is a news reporter for CoinDesk. He holds ETH, SOL and AVAX.

Eli is a news reporter for CoinDesk. He holds ETH, SOL and AVAX.

Related News

wait,-it’s-free?-nft-airdrops-can-seem-an-attractive-prospect-but-it-pays-to-be-…-–-latest-tweet-by-–-latestly
update-1-coinbase-wins-dismissal-of-lawsuit-claiming-it-sold-unregistered-securities-–-yahoo-finance
original-terra-lending-protocol-mars-hub-deploys-mainnet,-issues-airdrop-–-yahoo-finance