Coinbase NFT Announces New Features!

The cryptocurrency exchange's NFT marketplace had its public beta launch at the beginning of May. Since then, it has made a number of improvements. Coinbase NFT announced that it has added an NFT bulk manage feature, a liked tab, the ability to edit listing prices, an insights page, and a notification center. It also added rarity filters, time-delayed listings, a follow button, and the ability for users to link up to 10 crypto wallets to a single Coinbase NFT account.

According to recent reports, Coinbase NFT has seen approximately 8,202 unique buyers and sellers on its platform since its launch two months ago. At the time of writing, there have been 20,765 transactions. This also adds about $2.9 million to the total volume, according to Dune figures. This data is very low compared to other markets by comparison. OpenSea, the leading NFT marketplace, saw a total trading volume of $15.6 million on Thursday alone. The platform also has around 1.9 million registered users who have made at least one transaction on the site. A Coinbase spokesperson commented. "We are not focusing solely on transaction numbers and volume," he said. The company did not respond to subsequent requests for user numbers or engagement statistics. In the first quarter earnings report in May, Coinbase CEO Brian Armstrong stated that he was really pleased with the success of Coinbase NFT so far. He also said that he wants to add support for more blockchains in the future. According to the company's statements, they have allocated a 10 percent budget to the NFT market. With this budget, it is aimed to be successful in the future. In this process, the company will not only focus on the NFT field. Last Wednesday, Coinbase's Vice President of International and Business Development Nana Murugesan made a statement. According to the statement, they want to be stronger than ever in the European market. Noting that Coinbase is focused on growing its presence in Europe, the executive revealed that the exchange has applied for licenses in several European markets, including Italy, France and the Netherlands. Source: nfxhaber.com