Uniswap is a decentralized marketplace where individuals can exchange cryptocurrency tokens and nonfungible tokens (NFTs). The Uniswap NFT platform has processed more than 250 million swaps since its establishment in 2018. Uniswap’s structure comprises intelligent contracts, which are constant and non-upgradable at the contract level but can still undergo improvements and enhancements through governance processes. This has facilitated the interoperability between Uniswap and NFTs, enabling the trading of NFTs on multiple blockchains, such as Ethereum, BNB Smart Chain, and Polygon.
Uniswap makes use of ERC-721 NFT contracts, which provide a distinct identifier for each NFT. These ERC-721 tokens on Uniswap are unique and enable the exchange of NFTs while also maintaining ownership records.
The framework includes a collection of utilities, which includes an NFT aggregator, streamlining the swapping of digital assets like Ethereum NFTs on Uniswap. This article on Uniswap NFT trading delves into how users can engage in the exchange of digital assets on Uniswap.
Uniswap’s contribution to NFT trading
Uniswap has created an assortment of software utilities that operate on the Uniswap protocol, enabling UNFT trading and cryptocurrency exchanges. These utilities encompass:
Uniswap application: A mobile application for discovering, transferring, exchanging, and purchasing NFTs and cryptocurrencies.Uniswap Web application: Serving the same purpose as the Uniswap application but accessible on your desktop or laptop.Uniswap NFT aggregator: A collaborative marketplace amalgamating DeFi and NFT elements on Uniswap. This resource aids in monitoring all listings on major platforms and exchanges, assisting traders in locating the most favorable transactions.
In November 2022, Uniswap unveiled a new array of intelligent contracts designed to bolster security and optimize expenses within the platform:
Permit 2: Enabling the sharing and management of token approvals across diverse applications, advancing security measures, forming a unified platform, and reducing expenditures.Universal router: Combined with Permit 2, merging NFT and ERC-20 exchanges in a single swap router. This empowers users to swap multiple NFTs and tokens within a single…..
