Uniswap Labs has entered the battle for NFT marketplace supremacy.
It is launching NFT trading today, together with a $5m airdrop.
The NFT trading platform will aggregate listings across OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, Foundation, and NFT20 at launch.
Uniswap is trying to differentiate itself by promising better prices, faster indexing, and safer smart contracts. It also offers gas savings of up to 15 percent (compared to other aggregators).
The marketplace will be powered by Uniswap’s new Universal Router contract. This will allow traders to unify ERC20 swaps with NFT purchases in one transaction. It will also allow users to split and interweave Uniswap trades, partially fill trades, wrap/unwrap ETH, and perform time-bound, signature-controlled token approvals.
Tell me more about the $5m airdrop
Uniswap is rewarding users of Genie (the NFT aggregator acquired by Uniswap earlier this year) by airdropping $5 million into over 15,000 wallets.
$300 is available to wallets that completed more than one transaction before the snapshot, and $1,000 is available to wallets that held the Genie: Genesis NFT at the time of the snapshot.
Users can claim their airdrop in USDC on the Uniswap website for the next 12 months.
