- The number of queued signups to use Coinbase’s NFT Market has exceeded 1.5 million.
- The queue has only been running for two days.
- Coinbase’s new NFT market is one of several announced so far this year.
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Coinbase is following other major players in the NFT battle, including FTX US, Crypto.com and Visa. Consumer interest has surged, with more than 1.5 million signed up for the waitlist in the first two days.
Coinbase NFT queue explodes
Coinbase’s New NFT Market Queue Just Announced Two days ago, has already exceeded 1.5 million.
by more than 60 million usersIn addition to its unique focus on growing “social engagement,” Coinbase appears to be in a strong position to capitalize on wild growth NFT sector witnessed this year. In the third quarter, there were more than 10 billion dollars in NFT sales volume, compared to just $1.3 billion in NFT sales volume in the second quarter. In August alone, OpenSea generated $3.4 billion in NFT sales.
However, Coinbase’s queue to access the NFT market has dwarfed the number of OpenSea users over the past 30 days, which was 261,000. Waiting list over a million Yesterday, after a day on the Internet.
The company wrote in Blog post Regarding the new NFT market:
“Our mission at Coinbase is to increase economic freedom in the world. By enabling more people to join the creators’ economy and benefit from their work, NFTs play an important role in this mission. Just as Coinbase has helped millions of people access Bitcoin for the first time in an easy and reliable way – we want to do the same with NFTs.”
Coinbase is not the only major exchange that has recently announced the NFT market. In March, Crypto.com announced its own NFT Marketplace, and FTX US launched Solana NFT Market just three days ago.
The NFT market launch is expected later this year.
(Disclaimer: At the time of writing, the author of this article owns BTC, ETH, and many other cryptocurrencies.)
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