Uniswap Launches NFT Trading with Multiple Marketplace Integrations and 5M USDC Airdrop

Uniswap users can now trade NFTs across major marketplaces on one interface.
Image source: uniswap.org

Quick take:

  • Uniswap is airdropping 5 million USDC to past Genie users.
  • It is also offering gas rebates to the first 22,000 NFT users.
  • Uniswap acquired Genie in June.

NFT trading has officially gone live on Uniswap, the platform announced today. Users can now trade NFTs across major marketplaces as its aggregator combines multiple marketplaces into one interface to help users find more listings at better prices.

To celebrate the occasion, Uniseap is airdropping approximately 5 million USDC to certain historical Genie users and offering gas rebates to the first 22,000 NFT users. Uniswap acquired NFT marketplace aggregator Genie in June to add NFTs and ERC-20 tokens to its product offerings.

“NFTs and ERC-20 tokens have largely existed as two separate ecosystems within crypto, but both are essential to growing the digital economy. Launching NFTs on Uniswap is our first step in building more interoperable experiences between the two,” the company said in a statement.

At launch, Uniswap will integrate nine marketplaces: OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, X2Y2, Foundation, NFT20, and NFTX. Uniswap also claims that its latest Universal Router smart contract can save users up to 15% on gas fees compared to other NFT aggregators when purchasing across marketplaces.

To welcome longtime Genie users into the Uniswap community, the platform has created two airdrop tiers for recipients based on a snapshot taken on Apr 15, 2022 at 00:00 UTC. The $300 tier is available to wallets that completed more than one transaction before the snapshot, while the $1,000 tier is available to wallets that held the Genie:Genesis NFT as of the snapshot.

Users are eligible for both tiers and can claim their airdrop in USDC for the next 12 months. In addition, Uniswap will be starting a gas rebates promotion that begins today, ends on Dec 14, 2022, and is claimable on Jan 16, 2023 through the Uniswap app for 12 months.

The first 22,000 distinct wallets that purchase an NFT during this promotional period will qualify for a rebate on their first transaction and the gas rebate is capped at 0.01 ETH. If a user spends 0.01 ETH or less on gas, their transaction is fully covered and if a user spends more than 0.01 ETH on gas, they’ll receive a 0.01 ETH rebate for that transaction.

In September, Uniswap reached unicorn status following a $165 million fundraise in a Series B round led by Polychain Capital.


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