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Genie: NFT version of 1inch｜Project Introduction

Read this article in 8 Minutes

Genie is an emerging NFT aggregation trading platform that provides functions such as bulk purchases and bulk pending orders.

Written by: 0x13, Rhythm BlockBeats

With the popularity of avatar NFT, NFT is becoming more and more like FT. Different from art NFTs whose purchase motivation is mainly due to aesthetic factors, these entire series of tens of thousands of NFTs have begun to become homogeneous, and because they have also begun to be given more and more investment attributes, more and more people They began to invest in these NFTs by investing in homogeneous Tokens, so "batch" buying and pending orders have become the needs of more and more people.

The most commonly used NFT trading platforms such as OpenSea do not provide this function. Buyers who want to "sweep goods" can only go to the market You can buy them one by one, and if the transaction volume surges at that time, you will still face the dilemma of "not being able to get it" after spending several times in vain. And when sellers want to place orders, they can only place orders one by one, which is extremely cumbersome to operate.

In addition, there are currently many emerging NFT trading platforms. The diversion, and the insufficient number of users will also make some new platforms lack liquidity, making it impossible for users to get a good experience. Therefore, we also need a platform for aggregation, and we need an "NFT version of 1inch".

So is there an NFT trading platform that can meet the above needs?

Introduction to Genie

Genie is an emerging NFT aggregation trading platform. It conducted internal testing from August to mid-November. During the internal testing period, a total of 631 users completed more than 1600 transactions, the total transaction volume exceeds 5500ETH. Genie was also officially launched on November 17 and has received widespread attention from NFT players. According to Dune Analytics data, Genie currently has a total transaction volume of about 11,000 ETH, with a total of 2,300 users and a daily increase of hundreds of users.

Next, let's take a look at what features Genie has.

Genie Swap

Genie Swap provides NFT bulk purchase function, click "Choose NFTs" or "Add NFTs" in the box on the right to select the NFT you want to buy in batches, Genie Swap will not send Users are charged a handling fee. At the same time, Genie Swap greatly saves Gas fees by placing unnecessary on-chain steps off-chain. Genie will also retrieve the pending order prices of related NFTs on multiple platforms and give the optimal purchase plan.

In addition to paying ETH directly when purchasing, you can also "pay" your own NFT. If your NFT has an NFT exchange pool in NFT index funds such as NFTX, NFT20, etc., you can add it to the payment list with one click through Genie, and Genie will help you convert it into ETH and use it for payment. At the same time, users can also exchange NFTs that can be converted into ETH in batches.

Tutorial

1. Link wallet

2. Click "Choose NFTs" or "Add NFTs"

3. Search for the NFT series. If you can’t find it, you can directly paste the NFT contract address, and Genie will automatically add it (it takes 1 to 2 minutes).

4. Select all the NFTs you want to buy

5. Click "Select Tokens" to proceed to the next step

6. Click "Review Order" to view the matching quotation

7. After confirming, click "Place Order"

Genie List

Genie List provides the function of batch pending orders. Genie List can place orders in batches with one click, and can set the order price for each NFT of the order. Moreover, users can place NFT orders on OpenSea and Rarible trading platforms with one click through Genie List to expand the exposure of NFTs. In the future, Genie will support more NFT trading platforms. Genie will not charge a processing fee after the sale, but OpenSea and Rarible will still.

Tutorial

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1. Link wallet

2. Click "Add Items"

3. Select all the NFTs you want to sell

4. Click "Select Tokens" to proceed to the next step

5. Enter the pending order price

6. Choose the trading platform where you want to place an order

7. Set deadlines (currently only OpenSea)

8. Click "Post Listing" when ready

9. Approve Tokens

10. Signature