Uniswap Eyes NFT Financialization, Begins Talks With Lending Protocols

Uniswap

Crypto exchange Uniswap engaged in negotiations with multiple nonfungible token (NFT) lending protocols, according to a social media post from Uniswap’s head of NFT product Scott Lewis.

In the tweet, Lewis highlights the company’s interest in tackling liquidity issues and the “information asymmetry” surrounding NFTs.

While Uniswap’s goal for these talks and potential collaborations with lending protocols is NFT financialization, the Twitter crowd returned with a double-sided response. Some users deemed the decision as a step toward solidifying the future of decentralized finance, known as DeFi.

Other users questioned the motives behind Uniswap’s interest in NFT financialization and pointed toward taking advantage of liquidation profits.

Over the last few months, Uniswap has made significant steps toward including NFT activity in its service offerings. Uniswap is one of the world’s largest decentralized exchanges (DEXs), responsible for nearly $6 billion in assets in its liquidity pools.

In June, the company introduced its acquisition of Genie, an NFT marketplace aggregation platform, allowing users to find and trade digital assets across most platforms.

Shortly after, Lewis tweeted that Uniswap plans to introduce NFTs with full Sudoswap support. Sudosawp allows for anonymous interactions around NFT sales and the creation of NFT liquidity pools.

This is not the company’s first entrance into the NFT space, as in 2019, they launched Unisocks, which was the first rendition of NFT liquidity pools. However, this latest push for NFT activity comes as these digital assets gain more traction and utility inside and outside the DeFi space. 

Industries are utilizing these tokenized digital assets, from real estate contracts and digital fashion to collectibles and music rights monetization.

This Post Has 22 Comments

  1. TimothyPat

    canadian online pharmacy reviews: Canadian Pharmacy – canadian pharmacy meds reviews

  2. Edisonunumb

    viagra originale in 24 ore contrassegno: viagra – pillole per erezione immediata

  3. Edisonunumb

    pillole per erezione in farmacia senza ricetta: viagra senza prescrizione – viagra online spedizione gratuita

  4. NormanVaf

    farmacia online envГ­o gratis: farmacias online seguras – farmacia online espaГ±a envГ­o internacional

  5. NormanVaf

    comprar viagra en espaГ±a envio urgente contrareembolso: sildenafilo precio – sildenafilo 100mg sin receta

  6. Cuando sospechamos que nuestra esposa o esposo ha traicionado el matrimonio, pero no hay evidencia directa, o queremos preocuparnos por la seguridad de nuestros hijos, monitorear sus teléfonos móviles también es una buena solución, que generalmente te permite obtener información más importante..

  7. Ubíquelo a través del software del sistema “Find My Mobile” que viene con el teléfono o mediante un software de localización de números de teléfonos móviles de terceros.

  8. e-commerce

    Wow, incredible blog structure! How lengthy have you ever been blogging for?

    you made blogging look easy. The full look of your site is excellent, let alone the content!

    You can see similar here sklep internetowy

Leave a Reply

Contact Us

Disclaimer

Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.