The past few weeks have been a dark time for NFT lovers and players in the criptocurrency industry, but for startup and executives that are digging into the vision of a criptocurrency future, it has been an opportunity to double down.
Uniswap made a new acquisition this week, buying up a marketplace aggregation company. Uniswap is a startup that has raised millions of dollars in funding to help build the Uni swap.
Users know Uni swap as a way to swap a wide variety of coins. It is possible for users to see and trade NFTs on most of the platforms thanks to the library of NFTs provided by Genie. The product will be used by Uni swap to build a Uni swap NFT vertical into their platform.
The company is betting on the spread of NFT marketplaces over time. The majority of NFT volume takes place in OpenSea, though some competitors like LooksRare and MagicEden are showing signs of chipping away at their market share. OpenSea may be a big market leader due to the botch of their own NFT marketplace.
The future of NFT trading volumes has been thrown into question by the broader market's decline. The total transaction volumes have fallen slightly, but the volume of NFT purchases in the US has tanked.
Uniswap Labs COO says mainstream crypto adoption hinges on accessibility and ease
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