Rapid Insights: NFTs on Uniswap Gain Modest Momentum

Uniswap, the decentralized crypto trading giant, has gone out of its way to branch out into the domain of NFTs. In ceremonious fashion, the trading protocol augmented its product range by rolling out an NFT aggregator on November 30th. No stranger to the eclectic world of NFTs, Uniswap had already tinkered with the emerging industry vertical in the past and continuously upped the stakes of its experimentation.

Piloting the phygital paradigm back in 2019, Uniswap made its first foray into NFTs by playfully taking a stab at the intersection between physical and digital items through its Unisocks endeavor. The next iteration of its NFT efforts manifested in the form of its V3 LP positions that exist as on-chain generated NFTs with its properties determined by the underlying position.