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Uniswap acquires NFT marketplace aggregator Genie

TechCrunch LogoTechCrunch1 mo ago

Uniswap acquires NFT marketplace aggregator Genie

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The past few weeks have been a dark time for NFT lovers and players in the cryptocurrency industry, but for startups and executives that are dug into the vision of a crypto future, it’s also been an opportunity to double down.

The company’s bet on NFT aggregation is a bet on the diversification of NFT marketplaces over time.

While total transaction volumes over the past month have only fallen slightly, the USD volume of NFT purchases has tanked more than 66% according to DappRadar.


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Article Details

Author / Journalist: Lucas Matney

Category: Technology

Topics: Crypto Paradigm Magic eden Coinbase Market Leader Uniswap Andreessen Horowitz Blockchains Looksrare Cryptocurrencies Non-fungible token OpenSea TC Blockchain Ethereum Digital currencies

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-21, 23:03:40

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Reading Time: 2 minutes read

Article Length: 327 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 2696

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