Niftynoon: Uniswap Enters NFTs With a $5 Million Airdrop

Following their acquisition of Genie.xyz, Uniswap launches their NFT aggregator alongside a $5 million USDC airdrop (December 1, 2022)

Nifty Thought

• Uniswap’s acquisition of Genie back in June 2022 seems to have come to fruition with the launch of Uniswap NFT. While the feature set for Uniswap’s NFT offering is essentially the same as the feature set of the legacy Genie product, the context around the feature set is radically different. OpenSea is no longer the only credible marketplace with Blur operating both a competitive marketplace and a very popular aggregator. Seemingly in response to Uniswap’s generous $5 million USDC airdrop for legacy Genie users, Blur extended their airdrop qualification period with an announcement that it would be 10 times larger than their first airdrop. Nonetheless, Uniswap’s serious entrance into NFTs is only good for users as it drives these players to compete with each other to capture market share. The battle of marketplaces and aggregators will likely only intensify as time goes on and more entrants begin to seriously enter the space.

• Unlike Uniswap, Blur’s airdrop is for its own token which may struggle to retain value over the long term. Conversely, Uniswap has airdropped USDC which is regarded by many to be the safest stablecoin to go into. Of course, Uniswap will benefit as people attempt to swap that USDC into other tokens as they operate the most popular decentralized exchange in the industry. The value of Blur’s token airdrop is questionable because they have been seemingly too generous with gifting it to users. If everyone gets the Blur token for free, who is going to buy it? This may ultimately play out just as the LooksRare $LOOKS token did with an early pump-up followed by a slow grind toward zero.

Project News

• Uniswap launches their NFT marketplace aggregator and announces an airdrop for people that previously uses the Genie aggregator:

  Uniswap Labs 🦄 @Uniswap

  1/ NFTs are officially live on Uniswap!! 🎨🦄 Starting today, you can trade NFTs across major marketplaces to find more listings and better prices. We're also airdropping ~$5M USDC to historical Genie users & offering gas rebates to the first 22,000 buyers.

• Limit Break CEO Gabriel Leydon announces that his Super Bowl commercial will include a life free NFT mint:

  Gabriel Leydon (FREE,OWN) @gabrielleydon

  1/ 🚨🚨🚨 MAJOR ANNOUNCEMENT Our @DigiDaigaku Super Bowl Ad will feature the FIRST EVER LIVE FREE MINT on a TV Commercial viewed by over 50M people and 10s of millions online! #FreeToOwn venturebeat.com/games/limit-br…

  

  venturebeat.comLimit Break will do free NFT mint during Super Bowl commercialLimit Break’s Gabe Leydon said that his Super Bowl commercial will include a QR code so that players can use it to apply for a free NFT mint.

• Blur reminds community that their second airdrop for traders on their platform is coming on Monday:

  Blur @blur_io

  Blur's second airdrop is arriving Monday! Airdrop 2 is 10x bigger than Airdrop 1. All activity until then will be counted.

  

• Porsche releases information on their NFT based on the designs of the Porsche 911:

  PORSCHΞ @eth_porsche

  Our journey begins with a timeless icon – the Porsche 911. The destination? Your call. There are over 150k design combinations to unlock when creating your 911 NFT. Join an exclusive community of pioneers and co-create the future of Porsche in Web3. → nft.porsche.com

Community News

• Manifold, the artist-centric NFT marketplace, shares thoughts and frustrations with OpenSea’s operator filter for existing collections that still wish to mandate royalties:

  manifold.xyz (マ,マ) @manifoldxyz

  An update on OpenSea's Creator Royalties policy change and how they affect Manifold Contracts. Here is a summary on how these changes have affected Manifold Contracts, the state of where things are at now, and what we are providing creators going forward. 🧵

• Deca announces a physical treasure hunt in Miami for XCOPY art:

  Deca 🟥 🟩 ⬛ 🟪 @0xDecaArt

  1/ X MARKS THE SPOT. The hunt for some rare NFTs Art by @XCOPYART × Deca, landing in @ArtBasel. Begins TODAY Wed Nov 30 @ 9am ET Get ready for an irl treasure hunt 🗺 (RT & follow @0xDecaArt to win some of the XCOPY. 5 winners picked)

  

Quick Stats:

• OpenSea ETH Daily Volume: 6,500 ETH (► 0.00%)

• Blur ETH Daily Volume: 2,732 ETH (▲ 31.40%)

• BTC: $16,980.01 (▲ 0.70%)

• ETH: $1,271.78 (▲ 0.44%)

• Solana: $13.61 (▲ 0.92%)

• Polygon: $0.93 (▲ 6.38%)

NFT Daily Winners:

• Doodles: 6.99 ETH (▲ 2.04%)

• Azuki: 10.41 ETH (▲ 0.10%)

• Chromie Squiggles: 12.89 ETH (► 0.00%)

• Proof Collective: 31.00 ETH (► 0.00%)

NFT Daily Losers:

• Bored Ape Yacht Club: 66.87 ETH (▼ 0.04%)

• CryptoPunks: 65.49 ETH (▼ 0.26%)

• Mutant Ape Yacht Club: 12.98 ETH (▼ 0.54%)

• DigiDaigaku: 8.90 ETH (▼ 0.89%)

• Moonbirds: 8.35 ETH (▼ 0.94%)

• Clone X: 8.25 ETH (▼ 1.79%)

• VeeFriends: 4.70 ETH (▼ 17.40%)

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