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- Users were counting on the NFT marketplace by Coinbase, and it finally launched it recently in April.
- Coinbase NFT marketplace is currently in a closed Beta and has around 4M on the waitlist.
- The platform currently has a total number of users of 906, with 606 unique buyers and 375 unique sellers.
The highly anticipated NFT marketplace by Coinbase finally rolled out on April 20 in Beta. According to data by Dune Analytics from Coinbase’s NFT backend partner, the oX project, the platform currently has a total user of 906, with 606 unique buyers and 375 unique sellers.
Given the fact that Bored Ape Yacht Club (BAYC) has been quite in the limelight lately, Otherdeed NFTs are top trending on the Coinbase NFT marketplace. Following that are Mutant Ape Yacht Club (MAYC) and Bored Ape Yacht Club (BAYC).
Coinbase NFT marketplace is currently in a closed Beta, which signifies that an individual cannot just sign up and start with the trading. The platform has nearly 4 Million on its waitlist.
The interested users need an invite code to make an account on the site. Though anyone could freely explore the NFT marketplace, they won’t be able to buy or sell anything.
Although the statistics seem to be in a small number in comparison to the leading NFT marketplace, OpenSea, which has over 1.6 Million active users currently. But the Coinbase NFT marketplace has also attracted considerable attention and might perform well. It recorded a volume of $100,000 in USD last Thursday.
The Non-Fungible Tokens (NFTs) sector has been growing by leaps and bounds lately, as more and more NFT projects are emerging. Moonbirds, which is the first Ethereum NFT Profile Picture collection by Kevin Rose’s PROOF, recently attracted a lot of limelight and is currently among the top NFT collections. Apart from NFT projects, there are several NFT marketplaces for the users too.
Coinbase being a prominent name in the crypto space, it is to look forward if it manages to surpass the leading NFT marketplace like OpenSea, LooksRare, etc.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
