Developers say the tool can help users save more than 15% on gas fees when purchasing NFTs. According to a new post on Nov. 30Uniswap, a decentralized exchange (DEX), revealed that its native protocol now allows users to trade non-fungible tokens or NFTs. As stated by Uniswap, the feature will initially feature NFT collections for sale on platforms such as OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, X2Y2, Foundation, NFT20, and NFTX. With experiences accustomed to Uniswap, we developed the aggregator to deliver better prices, faster indexing, more impregnable smart contracts, and efficient execution.
Compared to other NFT aggregators, the creators of Uniswap assert that users can save up to 15% on gas expenses by using their service. It integrates ERC20 and NFT exchange into a single exchange router. Users can trade multiple tokens and NFTs on one exchange while saving money on gas, thanks to Permit2’s integration. The UX Permit2 smart contract and the Universal Router smart contract, created by Uniswap, respectively, power and optimize the NFT Aggregator. It merges the ERC-20 and NFT exchanges into a single router exchange, according to DEX.
Users can trade multiple tokens and NFTs on one exchange while saving money on gas, thanks to Permit2’s integration.
We originally envisioned Permit2 and Universal Router to improve our products, optimize gas costs, simplify user transaction flows and increase security. As we envisioned this, we realized that other applications could greatly benefit from integrating these contracts. According to a wallet snapshot dated April 15, 2022, Uniswap claims that it is releasing approximately 5 million USDC to specific past users of the NFT Genie aggregator as part of the launch effort and is providing gas refunds to the first 22,000 NFT users. The gas rebate is limited to 0.01 ether and is only good for two weeks (ETH).