At the same time as the crypto market, the NFT market is experiencing an unprecedented crisis. Trading volumes have fallen sharply this year, prompting some skeptics to predict the near end of the sector. But there are many players who continue to believe in the opportunities that NFTs still provide. Among them is Uniswap Labs, the company that developed the famous decentralized exchange protocol, Uniswap. It recently announced the launch of an aggregator that will make it possible to trade NFTs directly on its platform.
Uniswap has become a leading blockchain player
On November 30, Uniswap Labs officially spears its NFT market aggregator. The company hopes that this new market will break down the barriers between crypto exchange and NFT markets. The announcement comes five months after Uniswap acquired Genie, the market’s leading aggregator. In particular, it allows anyone to discover and trade NFTs on most platforms.
The launch of this aggregator is also the result of the company’s vision to promote universal exchanges in the field of blockchain. The new market combines NFTs offered for sale by OpenSea, X2Y2, LooksRare, Sudoswap. There are also pools, which trade NFTs.
“Historically, everyone has seen tokens and NFTs as two separate experiences. But at the end of the day, they are both digital assets and the goal is to unlock universal ownership in exchange for creators and community. NFTs and tokens are just two different ways to unlock value in our digital worlds”. This is what Scott Gray, NFT Product Manager at Uniswap Labs says.
In efforts to develop the market, Uniswap Labs joins OpenSea and Rarrible. OpenSea recently acquired Genie’s rival Gem and Rarible has also introduced an aggregator. Launching a new platform has its benefits
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Far from dampening my enthusiasm, an unsuccessful investment in a cryptocurrency in 2017 only increased my motivation. So I decided to study and understand the blockchain and its many uses and relay the information in my pen related to this ecosystem.