There are many marketplaces where you can buy your NFTs. Aggregators allow you to buy many NFT at once from different marketplaces.
NFT aggregators gather listings from multiple marketplaces and platforms in one place. This provides buyers with a simplified interface to compare prices and acquire NFTs from different sources. Relevant tools as the market becomes more and more fragmented (OpenSea, LooksRare, X2Y2, NFTX).
We will briefly present the 3 main aggregators: Genie.xyz, Gem.xyz and Blur.io.
Launched in November 2021, Genie allows NFT collectors to purchase up to 60 NFTs at a time on multiple marketplaces in a single transaction. Depending on the size of the transaction, buyers can potentially save hundreds of dollars in gas fees compared to purchasing each NFT individually.
Genie displays listings from all major marketplaces: OpenSea, LooksRare, X2Y2, NFT20 and NFTX. In fact, Genie aggregates all the NFTs listed on these marketplaces. If an NFT collection is not indexed, users can enter the collection’s contract address in the search bar. Genie will take approximately 1-2 minutes to index the collection.
Genie allows you to create a shopping list and purchase NFTs in batches. Collectors can quickly purchase multiple NFTs at the same time, a practice known as “sweeping the floor”. The Genie team recommends that users purchase a maximum of 20 NFTs in a single swap.
Genie also allows sellers to maximize the exposure of their listings by listing on both OpenSea and LooksRare at the same time.
On June 21, 2022, Uniswap Labs announced that it acquired the aggregator Genie.:
« We see NFTs as another format for value in the growing digital economy—not a separate ecosystem from ERC20s, and they’re already an important gateway to web3. »
Decentralized exchange (DEX) Uniswap plans to add a new tab dedicated to NFTs on its main site later this year. DEX will also integrate NFTs into its developers’ APIs and widgets.
In order to share some of the value with Genie’s long-time users, Uniswap will perform an airdrop in stablecoin USDC. People who have used Genie at least twice before April 15, 2022 will be eligible.
It’s hard to talk about an aggregator without mentioning Gem.xyz. They are building a NFT aggregator « giving you A to XYZ access to the entire NFT market. ». The aggregator allows you to:
« The difference between gem and genie is actually miniscule if you think about it and now that opensea will most likely ruin some features (like blocking out looksRare or something) …
At the end of April, OpenSea acquired Gem in order to strengthen its position and offer new features. Devin Finzer, co-founder and CEO of OpenSea, said:
« OpenSea has acquired Gem to invest in pro experience. As the NFT community grows, we’ve recognized a need to better serve more experienced, pro users, and offer more flexibility and choice to people at every level of experience. »
Gem will continue to operate as an independent company while developing its platform and adding more features, and then some of these features will be gradually integrated into OpenSea.
Blur.io is an NFT marketplace for pro traders. Their marketplace empowers traders with real-time liquidity across multiple marketplaces, live data feeds, and comprehensive analytics. Users can execute orders and bulk orders.
According to Blur, other NFT tools are very often focused on retail traders and neglect the needs of professional traders.
“Our mission is to solve these problems and bring the NFT space to an institutional level while increasing decentralization.”
By March 28, Blur had raised $11 million in a seed funding round led by Paradigm. According to Blur, the round also saw participation from Egirl Capital, Keyboard Monkey, Ledgerstatus, 0xmaki, Santiago Santos, Zeneca, Deeze, and Andy (Fractional).
After the acquisitions of Gem by OpenSea and Genie by Uniswap, the Blur platform now stands out for its independence.
The NFT marketplace aggregator tools haven’t been around for very long: Gem and Genie were both launched in January 2022. Despite this,these new players quickly became successful.
With the fragmentation of the markets after the launch of the new platforms LooksRare, X2Y2, and many others, there quickly became a need for a service targeted towards advanced collectors looking for an easier way to make bulk purchases. These tools quickly became indispensable for the advanced collector and the industry leaders quickly understood this by acquiring the two main players.
Nifty Gateway has recently moved towards aggregating other marketplaces and Rarible has started to do the same. We will also see how new players such as Blur, which claims to be a tool for professionals, is able to make a place for itself in the sun.
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Written by besancia · 11/10/22