The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
All Alt Coin

Coinbase Announces Marketplace for NFTs, Encourages Users to Join Waitlist

by Miki 10/13/2021
by Miki 10/13/2021 0 comment

With the exchange’s large customer base, Coinbase NFT can be positioned as a competitor for established marketplaces like OpenSea. 

Crypto exchange platform Coinbase Global Inc (NASDAQ: COIN) has revealed its plans to launch a marketplace for non-fungible tokens (NFTs) – Coinbase NFT. The company announced the upcoming NFTs marketplace on The Coinbase Blog on the 12th of October. According to the announcement, users can sign up to join the waitlist to enjoy early access to the new feature.

Hello Punks and Penguins
Hello Cats and Kitties
Hello Apes and Art Blocks

We’re excited to announce the fast-approaching launch of Coinbase NFT, a new peer-to-peer marketplace where you’ll be able to create, buy, sell, and share NFTs.

Learn more here 👉 https://t.co/EsScpBP59i pic.twitter.com/YeMhS5cyII

— Coinbase (@coinbase) October 12, 2021

The NFTs market has taken an upward trend since the beginning of the year, recording massive trading volume. In the third quarter of this year, the market reportedly saw $10 billion in transaction volume. One of the outstanding NFT purchases is the Beeple NFT which sold for nearly $70 million in March. Also, the first-ever tweet by Twitter CEO Jack Dorsey sold for $2.9 million. While some believe that the NFTs market is here to stay, some critics believe it is just another speculative bubble in the crypto space that is yet to burst.

Coming Soon: Coinbase NFTs Marketplace

Amid the booming NFTs market, Coinbase said its marketplace would allow users to mint, collect, and trade NFTs. Initially, the marketplace will support Ethereum based ERC-721 and ERC-1155. The exchange company added that its new NFTs platform would include “social features” and step into the creator economy. The company explained:

“Coinbase NFT will be a peer-to-peer marketplace that empowers the imagination. With an intuitive design built on top of a decentralized marketplace, Coinbase NFT puts the art and artist’s experience at the forefront.”

Additionally, Coinbase assured that it would make it easy for artists to maintain creative control of their works via decentralized contracts and metadata transparency. Coinbase is looking to develop its NFTs community through social engagement. The platform will curate users’ feeds based on their interest and help people connect with like-minded fans and artists.

Coinbase entry into the NFT market will allow the exchange to explore another stream of revenue. Currently, the company relies majorly on exchange fees.

“Our ambition with Coinbase NFT is to allow everyone to benefit from their creative spark; to contribute to a future where the “creator economy” isn’t a small subset of the “real” economy, but a central driver,” added Coinbase.

Coinbase to Compete with Other NFTs Marketplaces

As of the second quarter in 2021, Coinbase has 68 million verified users and 8.8 million active users. With the exchange’s large customer base, Coinbase is positioned as a competitor for established marketplaces like OpenSea.

OpenSea is the largest NFT marketplace with a total transaction volume of $78.89 million. The giant NFT marketplace admitted to insider trading on its platform last month. OpenSea noted that one of its employees was involved in insider trading. In a statement, OpenSea said that the incident was “incredibly disappointing” and that it is “conducting an immediate and thorough review.”

At press time, Coinbase stock is down 0.85% to $247.20 at pre-market trading. Except for the last five days that COIN shed 0,42%, the exchange platform has been adding gainst over the months. The company has increased over 8% in the last three months and jumped nearly 1% over the past month.

next Altcoin News, Blockchain News, Cryptocurrency news, News

Thank you!

You have successfully joined our subscriber list.

Subscribe to our telegram channel. Join



Source link

Views: 0
AnnouncesCoinbaseEncouragesjoinMarketplaceNFTsUsersWaitlist
Share
0
FacebookTwitterPinterestEmail
previous post
World’s Largest Asset Manager Sees Huge Opportunities in “Cryptocurrencies”
next post
US SEC Likely to Delay Bitcoin Futures ETFs Until 2020: CFRA Investment Research Firm

Related Posts

Are Solana’s bulls really strong enough to halt...

12/29/2021

IXFI Announces Launch of New-Age Exchange Platform

12/29/2021

Litecoin repeating history will have this effect on...

12/28/2021

More than just a game – what GameFi...

12/28/2021

Even as network hits one million users, FTT...

12/28/2021

Fintech Expert Makes Six Bold Predictions for Crypto...

12/28/2021

A recovery rally in play for Sushiswap, as...

12/28/2021

SEC Accused of Deliberately Trying to ‘Kill’ XRP...

12/28/2021

Recent gains may finally boost Aave’s dominance in...

12/28/2021

Santa Floki Price Rallies 5,000% after Elon Musk’s...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Europe Takes the Major Share in terms of Global Crypto Distribution

  • US Institutional Bitcoin Demand Has Dried Up, says On-Chain Analyst

  • Dogecoin Tests Support At $0.20 As Bitcoin Remains Under Pressure

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$29,142.00-3.44%
  • ethereumEthereum(ETH)$1,969.66-4.40%
  • tetherTether(USDT)$1.00-0.08%
  • usd-coinUSD Coin(USDC)$1.00-0.10%
  • binancecoinBNB(BNB)$293.45-3.08%
  • rippleXRP(XRP)$0.411261-3.87%
  • Binance USDBinance USD(BUSD)$1.00-0.25%
  • cardanoCardano(ADA)$0.53-7.99%
  • SolanaSolana(SOL)$50.85-8.10%
  • dogecoinDogecoin(DOGE)$0.085545-4.12%
  • polkadotPolkadot(DOT)$10.01-7.47%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$29,103.00-3.58%
  • AvalancheAvalanche(AVAX)$30.47-9.54%
  • Lido Staked EtherLido Staked Ether(STETH)$1,939.24-4.40%
  • tronTRON(TRX)$0.0708400.68%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • Shiba InuShiba Inu(SHIB)$0.000012-4.77%
  • daiDai(DAI)$1.00-0.13%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • litecoinLitecoin(LTC)$67.82-7.03%
  • CronosCronos(CRO)$0.188465-4.01%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$4.951.04%
  • matic-networkPolygon(MATIC)$0.65-7.66%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.05-9.75%
  • FTX TokenFTX Token(FTT)$30.30-5.02%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$192.70-7.59%
  • RareRare(RARE)$0.0461220.00%
  • chainlinkChainlink(LINK)$7.02-7.13%