Uniswap Enters NFT Marketplace, Will Shake OpenSea's Domination

Uniswap plans to launch an NFT marketplace at a lower cost than OpenSea. (Uniswap)

JAKARTA – The Uniswap (UNI) decentralized financial platform (DeFi) is reportedly starting to penetrate the digital art of NFT. Uniswap plans to present an NFT marketplace with the support of Sudoswap.

The platform plans to provide efficient NFT exchange for users. The plan is that Uniswap's NFT marketplace is scheduled to launch next fall.

This is a continuation of Uniswap's efforts to buy the NFT Genie marketplace. Uniswap users will be able to access NFT from various trading platforms in one place.

While the SudoSwap integration allows users to trade NFT directly from Uniswap. Users will also be able to create their own NFT liquidity pools.

It doesn't stop there, the new NFT platform will only charge a commission of 0.5%. This amount is lower than what the popular NFT marketplace, OpenSea, charges.

For your information, Uniswap is the largest Ethereum-based decentralized crypto exchange (DEX) platform. This time the platform plunged into the NFT world, potentially becoming a competitor to established NFT marketplaces such as OpenSea and LooksRare.

Meanwhile, Uniswap itself admits that this NFT market segment may be the most attractive and calls NFT a form of full value in the growing digital economy, as reported by UToday.

As of this writing, Uniswap's native token, UNI, is trading at IDR 104,067. UNI prices are down 1.8% in the last 24 hours, according to Coingecko data.