NFTs are now available for trading on Uniswap (UNI)

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Content
  1. NFT and Uniswap
  2. More popular than blockchain
  3. An NFT-filled future?

The digital art space gains momentum as NFTs Group reveals the first NFT transaction on Uniswap (UNI).

NFT and Uniswap

Non-Fungible Tokens (NFT) are now available for open trading on the Uniswap Decentralized Exchange (DEX) (UNI).

The news comes after NFTs Group, the developer of NFT, announced that it had previously launched the USDT-NFT pool on the popular DEX earlier today.

Uniswap users will now be able to sell or buy NFTs in a fully decentralized way with USDT. New options for cryptocurrencies and stablecoins are coming soon.

Traditionally, NFT holders or bidders must use an NFT marketplace like Nifty Gateway to buy or sell NFTs.

These marketplaces are operated by centralized organizations. These organizations often censor the types of NFTs that may appear on the market.

This move is also the first for the Uniswap ecosystem. This comes at a time when DEX is experiencing a meteoric rise in usage.

More popular than blockchain

NFTs are also at their peak in popularity. Last week, BeInCrypto reported that NFT searches on Google overtook cryptocurrency and blockchain searches.

Indeed, the number of such requests has grown steadily.
February, even more than DeFi in the first weeks of February.

Interest in search terms can be a reflection of the broader tripping effect of a wide variety of companies and public figures entering the space.

Just a few weeks ago, internationally renowned auction house Christie's auctioned the 5-piece NFT collection that has been curated for over 000 years for $ 13 million. The number breaks records as the largest paid-out amount of NFT art in space.

Christie's is now being followed by other auction houses from the traditional art space. Sotheby's has announced plans to hold an NFT sale of art by anonymous digital artist Pak.

Commenting on the decision, Sotheby's CEO Charles Stewart said in an interview with CNBC:

"It is still very early to get involved in crypto art in general, but there is a lot of really exciting here, and we think it has endurance."

Charles Stewart, CEO - Sotheby's

An NFT-filled future?

Accordingly, it is easy to assume that the NFT-art space may remain. All of the developments described above show companies creating space infrastructure.

The emergence of established players in the art world not only potentially attracts experienced art enthusiasts to the space, but also lends a certain credibility to the space, which is integral to its longevity.

Moreover, in the world of decentralized finance (DeFi), decentralization is everything. Thanks to the NFTs Group's work to bring NFT to Uniswap, DeFi enthusiasts may now be more tempted to become NFT holders.

And of course, every day as more and more high-profile NFTs appear, such as Elon Musk's latest song, the stellar effect will continue to attract the masses.

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