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DeFi News

Uniswap launches NFT Marketplace aggregator with $5M Airdrop

Uniswap is airdropping approximately 5 million USDC to certain historical Genie users while also offering gas rebates to the first 22,000 NFT users.

Written By Rupal Sharma
Published December 1, 2022 9:12 AM·Updated 1 year ago
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Uniswap launches NFT Marketplace aggregator with $5M Airdrop

The leading decentralized exchange (DEX) Uniswap has launched an NFT marketplace aggregator to deliver better prices, faster indexing, safer smart contracts, and efficient execution. Now, users can trade NFTs across multiple marketplaces to find more listings and better prices in one interface.

1/ NFTs are officially live on Uniswap!! 🎨🦄

Starting today, you can trade NFTs across major marketplaces to find more listings and better prices.

We're also airdropping ~$5M USDC to historical Genie users

& offering gas rebates to the first 22,000 buyers. pic.twitter.com/OZXCydXydD

— Uniswap Labs 🦄 (@Uniswap) November 30, 2022

Initially, Uniswap will support OpenSea, LooksRare, X2Y2, Larva Labs, NFT 20, Sudoswap, NFTX, and Foundation. With this brand-new NFT aggregator, users can save up to 15% on gas costs compared to other aggregators.

The aggregator is powered by a new open-sourced Universal Router contract. Uniswap claims that it can save tens of thousands of gas units over other marketplaces.

On top of that, Uniswap is also airdropping approximately 5 million USDC to certain historical Genie users. Note that Uniswap acquired Genie back in June this year as part of its growth push to include NFTs and ERC-20 tokens among its offerings.

Additionally, the exchange will also offer gas rebates to the first 22,000 NFT users. However, the gas rebates will only be available for two weeks and are capped at 0.01 ETH. The NFT marketplace aggregators launch is aimed to bridge the gap between NFTs and ERC-20 tokens ecosystems, building interoperable experiences between the two. 

The airdrop event for Genie users is in two tiers based on a snapshot taken on April 15, 2022, at 00:00 UTC.

  • The $300 tier: It is available to wallets that completed more than one transaction before the snapshot
  • The $1000 tier: It is available to wallets that held the Genie:Genesis NFT as of the snapshot. This tier is also available to wallets purchased a Genie:Genesis NFT or a Genie:Gem NFT between 5:59 pm and 9:15 pm UTC on June 21st. Remember, users are eligible per unique address. 

Users can claim their airdrop in USDC for both tires on app.uniswap.org for the next 12 months.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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