Uniswap Launches NFT Marketplace With $5M Airdrop For Genie Users

First 22,000 Users Will Receive a Gas Rebate

DeFi giant Uniswap launched a marketplace for non-fungible tokens Wednesday morning, promising the best prices on NFTs and lower gas fees.

Uniswaps NFT aggregator will source listings from eight other NFT marketplaces, such as OpenSea, X2Y2 and Sudoswap. It replaces NFT aggregator Genie, which Uniswap acquired in June.

Uniswap is the most used DEX [and] now we aim to be the marketplace for all digital value including tokens and NFTs! Uniswap founder Hayden Adams tweeted Wednesday.

Genie Airdrop

The long-awaited airdrop for past Genie users that was announced after the acquisition can now be claimed on the Uniswap website.

Users who made at least two transactions on Genie before April 15, 2022, are eligible to claim 300 USDC, and holders of Genie Genesis NFTs will receive 1000 USDC.

Nearly 16,000 wallets are eligible to claim the airdrop, according to a Dune Analytics query.

Gas Rebate

In addition, the first 22,000 users of the new aggregator will be eligible for a gas rebate of up to 0.01 ETH on their first transaction.

The announcement has the potential to shake up the crowded world of NFT trading. Uniswap is Ethereums fifth-largest DeFi protocol measured by total value locked (TVL) and the largest decentralized exchange by trading volume.

Curve TVL + Compound TVL + Aave TVL + Lido Finance TVL + Uniswap TVL + Maker TVL, Source: The Defiant Terminal

Uniswaps governance token, UNI, jumped 2% on the news, according to data from The Defiant Terminal.

ETH Price + UNI Price, Source: The Defiant Terminal