NFT Marketplaces are making moves! 🏃🏃🏃 Aggregation Tools are what's next!
Part One is all about What We Know in our two-part trend report.
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ICYMI in the last 10 weeks we covered:
THIS WEEK’S DOPE NEW STARTUP IDEA COVERS:
* NFT Marketplaces + Aggregation Tools 🔥
WHAT WE KNOW:
* The Market Indicators & Behavioral Consumer Trends we've identified.
>> [ Uniswap buys up NFT Aggregator Genie! ]
- thanks kate!
Uniswap Labs, the company behind the Ethereum-based decentralized exchange Uniswap, is acquiring the NFT aggregation platform Genie.
NFTs—unique blockchain tokens that signify ownership—can be purchased on a number of different marketplaces like OpenSea, LooksRare, or Coinbase NFT. But few offer users the ability to purchase multiple items in one transaction, and none offer aggregation tools that allow traders to see listings on rival marketplaces.
Genie offers both.
“We see NFTs as another form of value in the growing digital economy, and it’s a no-brainer for us to integrate them,” Uniswap Labs wrote on Twitter.
>> [ OpenSea grabs NFT Aggregator Gem! ]
- thanks andrew!
Gem, an Ethereum NFT marketplace aggregator that lets collectors buy assets in bulk across multiple platforms, has been acquired by OpenSea—the top NFT marketplace by trading volume.
OpenSea announced the move this morning, with CEO and co-founder Devin Finzer writing in a blog post that adding Gem is a part of a push towards serving more advanced NFT buyers.
Gem is a single platform that connects to various NFT marketplaces, including OpenSea, LooksRare, and Rarible, and lets users purchase assets from any of them in a single transaction. That can add to potentially sizable savings on fees. Gem also integrates rarity rankings for NFT collections, such as with the traits in profile picture collections (like the Bored Ape Yacht Club).
Gem is similar to Genie, another NFT marketplace aggregator that specializes in bulk buying—particularly “floor sweeps,” or when someone buys up a bunch of the lowest-priced NFTs available in a certain NFT collection.
>> [ Ebay snaps up NFT Marketplace KnownOrigin! ]
- thanks mathew!
EBay and KnownOrigin announced in a joint statement today that the e-commerce giant has acquired the NFT marketplace for an undisclosed sum.
CEO Jamie Iannone said last year that his company was exploring crypto payments and looking at NFTs, which became available on eBay in May 2021.
The move comes among a number of NFT marketplace acquisitions. Just yesterday, Uniswap Labs, the company behind decentralized exchange Uniswap, said it was acquiring NFT aggregation platform Genie. And in April, OpenSea, the largest NFT marketplace, acquired NFT aggregator Gem.
KnownOrigin is a UK-based platform that allows for the buying and selling of NFT artwork. It runs on the Ethereum blockchain and allows artists to mint NFTs too.
“KnownOrigin has built up an impressive, passionate and loyal group of artists and collectors making them a perfect addition to our community of sellers and buyers,” Iannone said in the statement.
THE DOPE IDEA & THE BRAND EXECUTION:
* Taking the idea and amplifying that into tactical action.
See you next time for Part Two in our report.
We’ll discuss on how to position ourselves as a new player in the NFT Marketplaces + Aggregation Tools space — and get into the development of some Brand IP, securing a legit Domain Name, then making it Internet LIVE.
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