Coinbase NFT Releases New Features as It Struggles to Attract Traders - Aliens: AI Crypto News & Markets Updates
Logo
Logo

Feed

Coins

About

Latest

Bitcoin

Ethereum

NFT

Gaming

Policy

Blockchain

Altcoins

Coinbase NFT Releases New Features as It Struggles to Attract Traders

PublisherPublisher
Decrypt

Fri, Jul 01, 2022

Banner

Aliens TLDR

The cryptocurrency exchange’s NFT marketplace has rolled out a number of enhancements since its public beta launch at the beginning of May. Coinbase NFT has added an NFT “Bulk Manage” feature, a “Liked” tab, the ability to edit list prices, an insights page, and a notification hub.

But traders haven’t substantially materialized—despite the platform still holding off any Coinbase fees “for a limited time.” According to external data from Dune Analytics , Coinbase NFT has seen about 8,202 unique buyers and sellers on its platform since it launched two months ago.

The response to Coinbase’s new features thread on Twitter was mixed, with some expressing concerns about the company allegedly selling user data , which Coinbase has denied , while others argued the company “ failed ” with its NFT marketplace launch.

Our focus is on the community using those features to make our marketplace feel more social.” On its first quarter earnings call in May, Coinbase CEO Brian Armstrong said he was actually “really pleased” with Coinbase NFT’s success thus far and wanted to add support for more blockchains in the future.

But how much is Coinbase investing in its NFT marketplace?

“We allocate roughly 10% of our budget to longer-term bets such as the NFT marketplace,” Choi said on the earnings call.

Read full article on Aliens appRead from Original Source

The best experience is on the app

Everything happening in the crypto world, in real time

app

Recommended Stories

Article list item background

Litecoin falls beneath a bullish order block, could $40 be next target

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Just a week ago, Litecoin [LTC] rallied to the $61 level but faced rejection there. This was a bearish development, especially for long-term investors. The market structure continued to remain bearish, and […]
AMB Crypto
·

Jul 3

Altcoin

Recommended Stories

Article

AAVE traders have this in store for coming days after bearish pennant’s…

Article

Assessing the odds of The Sandbox [SAND] falling below $1 mark

Article

Axie Infinity: Risk would be to buy range lows with a stop-loss at…

Article

Stellar: Factors that didn’t play in favor of XLM’s rally despite…

Article

Bitcoin, Ethereum and Altcoins Present Signs of Incoming Price Turnaround; Here’s When

Article

BTC, SOL and AVAX Price Analysis for July 2

Article

3 Reasons Why Bitcoin Might Retrace in Upcoming Week and Reach $22,000

The best experience is on the app

Download app to discover exclusive content, live market updates and more.

Get smarter and richer with the Aliens Crypto Digest

Stay informed and entertained, for free.

Follow Aliens

Advertise