The Uniswap team announced via Twitter on Wednesday that nonfungible tokens (NFTs) are officially live on its network. Starting immediately, Uniswap users can trade NFTs across major marketplaces to find more listings and better prices. To bring users the first-rate experience they've come to expect with Uniswap, the team said it had built the aggregator to deliver better prices, faster indexing, safer smart contracts, and efficient execution.
The Uniswap aggregators deliver better prices by combining multiple marketplace listings into one interface. At launch, Uniswap will support OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, X2Y2, Foundation, NFT20, and NFTX.
Uniswap is a decentralized exchange protocol built on Ethereum. To be more precise, it is an automated liquidity protocol. There is no order book or any centralized party required to make trades. UNI, the native token of Uniswap, is currently trading at $5.76, up by less than 1% in the last 24 hours.