As demand grew, NFT platforms quickly became one of the most popular in the crypto space for well-established crypto exchanges to cash in on. Coinbase NFT is one of them, having added a slew of new features since its public beta launch.
With the June roundup, the NFT marketplace looks back on some of the new enhancements to manage users’ profiles on the Coinbase NFT.
Coinbase announced in October that it would launch an NFT marketplace, and it has since followed through by opening its beta version to all at the beginning of May.
The NFT platform now includes USD prices alongside each NFT’s ETH price, “Bulk Manage NFTs” for grouping NFTs by collection, a public Liked tab, an Insights page for easily tracking, following, and discovering emerging NFT collections, and much more.
It has also added rarity filters, time-delayed listings, the Following feed, and the ability for users to connect up to 10 crypto wallets to a single Coinbase NFT account, as well as support for ERC-1155 NFT.
Apart from this, the NFT platform has also introduced a “Dapp Starter Kit” to enable developers to build for web3.
The open-source kit works with the Ethereum Mainnet as well as EVM-compatible chains.
The Coinbase NFT marketplace has had a dismal month of trading, owing in part to the fact that it launched during a downturn and struggled to gain traction.
According to Dune Analytics, Coinbase NFT has had approximately 8,281 unique buyers and sellers since its launch. At the time of writing, there had been 21,124 transactions, for a total volume traded of approximately $2.9 million, or 1,474 ETH.
When compared to the fact that the launch of an NFT marketplace by leading centralized exchange Coinbase was expected to bring NFTs closer to some of the 98 million verified accounts, especially since over 2 million people signed up for the waiting list, the current performance appears less positive.
