Uniswap Labs said Tuesday it has acquired NFT marketplace aggregator Genie in a push to support trading of non-fungible tokens "soon."
The terms of the deal weren't disclosed, and neither was the fate of the Genie team. A representative didn't immediately return a request for comment.
"NFTs will be integrated into our products, starting with the Uniswap web app, where soon you'll be able to buy and sell NFTs across all major marketplaces. We'll also integrate NFTs into our developer APIs and widgets, making Uniswap a comprehensive platform for users and builders in web3," a blog post said, referring to application programming interfaces.
Notably, Uniswap Labs plans to conduct a 12-month USDC airdrop for "historical Genie users."
This story is developing and will be updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.