Uniswap Exchange NFT Aggregator
Uniswap exchange announced on 30 November the launch of the NFT aggregator. The company said that users can now trade NFTs on its protocol.
The exchange claims the aggregator is built to provide users with a first-rate experience, including better prices, safer smart contracts, faster indexing, and efficient execution.
According to Uniswap, as part of its launch promotion, it will airdrop roughly 5M USDC to certain historical customers of NFT aggregator Genie, based on a wallet snapshot taken on 15 April, 2022. It will also provide gas rebates to the first 22,000 NFT users.
Uniswap NFT aggregator offerings
Better prices and more listings: NFT aggregator will offer better prices by combining multiple marketplace listings into a single interface. OpenSea, X2Y2, Larva Labs, X2Y2, Foundation, LooksRare, Sudoswap, NFT20, and NFTX will all be supported by the exchange.
Even more gas savings: Unlike other NFT aggregators, Uniswap developers said users could save up to 15% on gas costs. ERC20 and NFT swapping are combined into a single swap router. Users can swap multiple tokens and NFTs in a single transaction while saving money on gas fees.
Open source: Uniswap is committed to being trustworthy, open, and transparent. The company applied the same design principles to its aggregator and open sourced the front-end code, making it the first major NFT platform to do so.
Uniswap exchange will offer limited gas rebates to its first 22,000 users on their first transaction as part of the launch until 14 December, 2022. It will be redeemable on 16 January, 2023, through the Uniswap app for 12 months.
The first 22,000 unique wallets that buy an NFT during this promotional period will receive a rebate on their first transaction. Partial transactions are eligible for rebates if users successfully purchase some but not all NFTs. Transactions that fail will be ineligible. The gas rebate is limited to 0.01 ETH.
While the aggregator will initially support only Ethereum NFTs, the company said more would be added in the future.
However, Uniswap's new aggregator is not the company's first foray into NFTs. The DEX previously launched Unisocks, a limited collection of "phygital" Ethereum NFTs that can be "burned" and claimed for an IRL physical pair.
Author: Priya Kumari
Priya is a passionate content writer and the co-founder of Finendorse. She is an enthusiastic crypto investor and has a huge interest in the upcoming digitisation age.