Uniswap is in talks with Multiple nonfungible token (NFT) lending protocols, according to a social media post from Scott Lewis, head of NFT products at Uniswap.
Lewis emphasized the company’s interest in solving both liquidity and The “data imbalance” surrounding the NFT
While Uniswap’s goal for potential discussions and cooperation with its lending protocol is “NFT financialization,” some crypto communities believe the decision is a step towards strengthening the future of finance. Decentralized or DeFi
Other Crypto communities also question the motivation behind Uniswap’s interest in NFT financialization. and pointed to the exploitation of profits from forced sales of collateral.
In the past few months, Uniswap has moved towards inclusion of NFT activities in its service offerings, with Uniswap being one of the largest DEXs in the world. which is responsible for nearly $6 billion in assets in the liquidity pool.
in june The company has acquired Genie, an NFT marketplace aggregation platform, which allows users to find and trade digital assets on most platforms.
Shortly thereafter, Lewis tweeted that Uniswap plans to introduce NFT with full Sudoswap support, with Sudosawp allowing anonymous interactions regarding NFT sales and the creation of an NFT liquidity pool.
We’ll be launching NFTs on Uniswap with full @sudoswap support. Pool data flowing in
pic.twitter.com/nsRt9Cp1Ss
— Scott
(@Scott_eth) July 22, 2022
In 2019, they launched Unisocks, their first NFT liquidity pool. However, this latest push for NFT activity comes as these digital assets gain more interest and utility both in and out of the DeFi space.
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