Decentralized exchange (DEX) Uniswap reportedly disclosed details of its purchase of the NFT marketplace aggregator Genie, as included in its mission scope to unlock universal ownership and exchange on its platform.

Specifically, Uniswap is reportedly looking to carry out the integration of NFTs into its product line, starting with the Uniswap web application, with further integrations in the pipeline to cover developer APIs and widgets also. 

This is not Uniswap’s first interaction with NFTs. In the spring of 2019, it introduced Unisocks, which provided NFT liquidity pools pegged against real-world assets.

In August, Uniswap reportedly revealed its plan to airdrop USD Coin (USDC) to historical Genie users, in a bid to share the value of this acquisition and integration.

Uniswap reportedly carried out the initial introduction of its NFT liquidity pools, which went by the name “Unisocks”, in the spring of 2019. They also consider NFTs as “an important gateway to web3” instead of “a separate ecosystem from ERC20s.”

Genie reportedly functions as the first NFT marketplace aggregator to offer a measure for discovering, purchasing and selling NFTs throughout numerous marketplaces. The firm makes it possible for users to “batch buy NFTs across all major marketplaces in a single transaction and save up to 40% on gas fees.”

A few metaverse-associated projects and establishments keep on their efforts to strive forward regardless of the turmoil occurring throughout the recent markets. GameFi and game-associated NFTs, for example, have displayed signs of an acceleration in growth and development in recent times. 

New and experimental NFT approaches have still been released, showing positive sentiment for NFT, GameFi and Metaverse aspects of the crypto and Web3 industries.