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| By Marija Matic |
Non-fungible tokens are at the forefront of the digital art landscape.
One of the biggest challenges in navigating the NFT market is finding the right ones to buy. With so many artists — digital and traditional — making the switch over to NFTs, this ever-changing art space is getting much more crowded.
What’s the easiest way to navigate it? Uniswap (UNI, Tech/Adoption Grade “B”) believes it has the answer.
A brand-new link to an NFT marketplace appears at the top of the page.
This marketplace allows for easier searches and provides users with up to 35% more listings than the first and biggest NFT marketplace, OpenSea.
That means users can discover more NFTs. Plus, they can also potentially find lower prices for the ones they’re looking for!
So, on higher-priced pieces, buyers can save a ton of money; maybe even enough to pick up an additional piece.
Additionally, this marketplace displays prices in two forms: USD and Ethereum (ETH, Tech/Adoption Grade “B”).
And as you can see, popular NFTs can command prices as high as $85,437. It can also be very useful indeed to have these blue-chip projects displayed and track their performance over time.
Suppose you click on Bored Ape Yacht Club, which I have mentioned from time to time in Weiss Crypto Daily since last year. (Back when they were about 10 times cheaper.)
You will be able to see each of the Bored Ape NFTs on offer:
(There’s a slider, not pictured, in the top-right corner that allows you to swap the price view from ETH to USD.)
After connecting your wallet, you can buy any NFT in two or three clicks. Provided, of course, you have sufficient ETH in your wallet.
So, the user experience is simple and fairly similar to OpenSea.
But by using Uniswap as a router, users get:
• Access to 35% more listings
• Savings of $572 on average floor prices for top projects
• Up to 15% cheaper gas fees
• Open-sourced front-end code, which can be inspected by the public.
And this is going to be a massive new advantage for Uniswap.
NFTs have been the largest source of newcomers to crypto over the last year or so. And now, Uniswap is set to scoop up the lion’s share of this new business.
On top of that, the ongoing NFT craze continues to be one of the hottest trends in crypto. Uniswap is now poised to become the same kind of powerhouse for NFTs that it already is for trading regular old fungible cryptos.
I expect this NFT search engine will cause a massive shake-up in how NFTs are sourced and traded.
From offering more listings at lower prices to allowing users to connect their wallets just one time, the ease of use this program provides is all we need to say this is one experience you shouldn’t miss out on.
Whether you’re an avid collector or just getting started in the NFT-verse, don’t miss out on this new search engine!
And while you’re at it, check out Joel Kruger’s NFT Wealth Builder. It’s a first-of-its kind service that helps users target high-profit-potential digital art.
Each week, Joel provides timely insight into the NFT space. From new artists and artworks hitting the market to shake ups like this one, I think you’ll agree that Joel’s experience in NFTs is unlike any that you will find in the digital universe. Learn more here.
All the best,
Marija
