The countdown to the launch of the Uniswap NFT market, its Github revealed these details
In June of this year, Uniswap acquired the NFT aggregation platform Genie; in July, Uniswap asked users for functional opinions on NFT products on its official Twitter... Various trends of Uniswap indicate that this DEX giant is making great strides into the NFT market competition road.
Although the Uniswap NFT market has not yet launched, everyone has speculated in advance that its NFT products may start with NFT liquidity to enhance the NFT trading experience. This morning, the Twitter account @CroissantEth posted that 214 code information related to the Uniswap NFT market was found on Uniswap’s Github, indicating that the Uniswap NFT market is about to be launched. At the same time, Uniswap founder hayden also tweeted that something big will happen. As the largest DEX in the market, it has industry-leading trading volume and liquidity. Once it expands to the NFT field, what changes will it cause?
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Uniswap NFT market layout is seriously homogeneous
According to some of the sample images listed by @CroissantEth, we found that the layout (whether it is sorted from the time range or the detailed introduction page of the NFT series) is relatively similar to the existing NFT market.
The specific functions of the Uniswap NFT market include: sales and transfer information, NFT floor prices, total transaction volume, and 24-hour data changes. Among them, the Uniswap NFT market also adds a "sweep the floor" button, which functions similarly to aggregated markets such as X2Y2, allowing users to scan multiple NFTs in a single transaction.
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The Pudgy Penguins series may be one of the first collections to arrive
While browsing GitHub information, we found a code listing for NFT Banner. On the code page, several sample images were found.
For example, in the example picture below, we see three NFT collection series, the more familiar one is the Pudgy Penguins series. Just a week ago, Scott, the head of Uniswap NFT products, posted on social media that Uniswap would announce the cooperation between its NFT products and the Pudgy Penguins series of NFTs. This example picture also confirms that the Pudgy Penguins series should be one of the first collectibles to enter the Uniswap NFT market.
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Uniswap to Launch NFT Aggregation Marketplace
Additionally, we found instructions for a "Universal Router," an ERC 20 and NFT exchange router that allows users greater flexibility when performing transactions across multiple token types. For example, execute swaps for the venues you want like Uniswap pools, NFT marketplaces, etc. Then the exchange routers are optimized to find the lowest prices and execute them at the lowest gas cost.
Notably, the Universal Router allows users to unify Uniswap ERC 20 transactions (on both V2 and V3) with NFT purchases across 8 markets in a single transaction, giving users more secure and flexible control over their ERC 20 Token. It unifies token and NFT transactions into a highly flexible, gas-optimized, secure and scalable exchange router. The explanation of this router gives us good reason to infer that Uniswap wants to be an NFT aggregation market.
On a follow-up search, we also did find words labeled “Uniswap NFT Aggregator” announcement.
The 7 NFT marketplaces already listed, aggregatable, are also found in the example graph listed by @CroissantEth.
However, the path of NFT aggregators does not seem to be so easy. Although, Uniswap acquired Genie, with Genie opened up the NFT trading functions of OpenSea, Rarible, Coinbase and other markets, and with the help of liquidity protocols such as NFTX and NFT 20, it realized the real-time batch transactions of NFT aggregation, which can also be regarded as NFT The aggregator space has played a good card. However, what cannot be ignored is OpenSea, the overlord of the NFT market.
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Hint at Genie's airdrop reward amount
In addition to Uniswap NFT information on GitHub, we also accidentally discovered Genie’s airdrop preview, namely:
“We are excited to announce that Uniswap Labs has acquired Genie to build a digital asset marketplace! With Uniswap NFT, you can buy and sell NFTs on all Genie-enabled marketplaces. Also, if you have used Genie in the past, you may be eligible Get a USDC airdrop. You can connect your wallet to claim any reward. For more details on the airdrop, read the announcement on the official Uniswap Labs blog.”
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Uniswap NFT market may use USDC as settlement
Circle co-founder Jerall Aire tweeted in relation to the Uniswap NFT product: "Hopefully we can start seeing more NFT markets priced and settled in USDC instead of ETH. ERC 20 to NFT swaps will be great for NFT The market helps!" The tweet was also replied by Scott, head of Uniswap NFT products: "We are studying USDC as a payment method for NFT transactions."
Currently, ETH is the main settlement method for trading NFTs. This is also considered by some to be one of the obstacles preventing more crypto newcomers from entering NFT. Because they need to exchange legal currency into ETH, and also bear the risk of the price of ETH falling. Therefore, the stable USDC is also regarded as the ideal payment medium for NFT. At present, almost no one in the mainstream NFT market has introduced USDC as a payment method. Maybe this is a new breakthrough for Uniswap NFT?
In addition to the above disclosure of relevant information, users should also be more interested in whether Uniswap will launch the "NFT AMM function", NFT cross-chain transactions, and whether royalties will be charged, etc.
Although there is little information at present, the disclosure of some codes of Uniswap GitHub also indicates that Uniswap’s NFT trading business has entered the countdown to launch.
For Uniswap, which has a daily trading volume of more than 770 million US dollars and more than 4 million users, entering the NFT market track also means launching a new round of offensive and defensive battles between the NFT markets, and even breaking the existing NFT market structure.
