Uniswap, DeFi and NFTs? The Book of Gates Says, “Yes Please!”

In the last year alone, we’ve seen over $23 billion in NFT trading light up the trading space, even as some cryptocurrencies endure a small bear market. Every week, thousands of NFTs are up for sale, and with celebrities and popular brands (think Alexander Black’s Book of Gates for one) entering the space, it’s only getting hotter. 

The only laggard in the blockchain space to date has been the promising, but underutilized, DeFi area. That may be changing (fast) however, as we see Uniswap lend its power to the DeFi space.

NFTs and DeFi: Could This Be A New Match?

Despite its massive potential, DeFi has (until now) been relegated to the ugly stepchild role in the wider crypto world. Failing to capture user attention the way cryptocurrency and NFTs has, that looks poised to change as Uniswap enters the NFT space. One of the largest, and most trusted, brands in the DeFi space, Uniswap also has a long relationship with the Ethereum Blockchain, which has about $4.5 billion locked into the space.

They’ve now acquired Genie, the first NFT marketplace aggregator, and this could mean Big Things are stirring in the NFT waters. With centralized transactions meaning one click lets you search, discover, and trade across a wealth of marketplaces, things should get pretty exciting. 

Trade in the Book of Gates and Other Web3 Offerings Seamlessly

The ability to access and easily trade in marketplaces is a dream for anyone interested in the power of the blockchain to further unlock the potential of their NFTs, but nowhere will that be more impactful than in the web3 gaming space. Anything that makes it easier to trade crypto and regular money as in-game currency gives the gaming NFT industry a ton of power to better serve its customers. 

Staking, for example, allows a player to lock their tokens for interest, leaving them able to capitalize on it as the token’s value increases over time. As more and more Web3 games embrace the ideals of DeFi, it could be a game changer for the whole gaming industry and investors alike. Add in the ability to generate liquidity, transfer tokens to other gaming ecosystems, and more, and you have a ton of benefits that traditional gaming simply can’t offer.

After all, if NFTs are going to continue to climb in price, it’s time to put them to work for you as an investment vehicle, as well as a fun way to collect and appreciate some staggeringly gorgeous art. Adding financial utility to non-fungible tokens as tradable assets will diversify and amplify what users can do with them. Moving past the idea of an NFT as ‘just’ a rare, exclusive collectors piece, and into something with tangible financial utility, allows for a greater market uptake and increased versatility. With gamers able to truly own their in-game assets on the blockchain, they’ll now be able to trade them and even grow their capital by selling the collectibles on other marketplaces, too. With DeFi offering the increased transferability needed to make that dream a reality, it’s a stunningly good match.

If you’re looking to move in on the gaming NFT space while it’s still fresh (and reasonably priced), we’d suggest checking out the upcoming gaming and trading adventure, the Book of Gates, for a great investment piece. With fun Magic: The Gathering vibes, it promises to be a fantastic web3 gaming adventure in itself, but with the quality of art and the power of Alexander Black’s name in the graphic novel industry as added draw cards, it’s set to be one of the hottest NFT collections to hit the market this year. Time to get clicking!