Uniswap acquires Genie to expand the former’s products. The process of NFT integration into their products will soon begin.
In June, notable crypto companies and exchanges were seen acquiring firms that deal with crypto products and services. Circle recently acquired CYBAVO to improve the adoption of USDC. It was followed by FTX taking over Bitvo to expand its global presence.
Now, the world’s largest decentralized exchange company, Uniswap has announced that it has acquired the first NFT marketplace aggregator, Genie on June 21. This initiative has been taken as a way to expand the products of Uniswap including ERC-20s and NFTs. Users will now be able to discover and trade NFTs on almost all platforms.
I’m happy to announce that @geniexyz was acquired by @Uniswap to build the marketplace for all digital assets. (