NFTs could be 'as big or bigger' than all crypto on Coinbase, CEO says
Read the full article by Helen Partz
Ten times more people have signed up for Coinbase’s upcoming NFT platform than OpenSea had in total over the past 30 days.
Coinbase released it’s Q3 financial results on Tuesday, reporting $1.2 billion in revenues. Coinbase is still the top cryptocurrency exchange in the United States. Now a publicly traded company, COIN shares are publicly traded on the Nasdaq.
Coinbase announced in mid-October, that it is launching it’s very own NFT marketplace.
“We are very excited about NFTs, this is going to be a very large area for crypto in the future, and it already is today,” Coinbase CEO said, adding that it “could be as big or bigger” than Coinbase’s cryptocurrency business.
The number of applicants has continued to grow rapidly as Coinbase has reportedly received over 2.5 million emails seeking to sign up for the marketplace so far. This is just a tiny portion of Coinbase’s total 68 million verified users and 8.8 million monthly active users as of Q2 2021.
OpenSea, the largest NFT marketplace in the world, processed over $1.7 billion worth of transactions over the past 30 days, with over 230,000 users interacting with its smart contracts over the period, according to data from the industry metrics provider DappRadar.
in other NFT news, Beeple’s 'HUMAN ONE' Generative NFT Sculpture Sells for $29 Million USD .
The artist made an appearance on the Jimmy Fallon show the other night
CNBC does featured report on NFT artist All Smilesss, to give an overview on how the Web 3.0 world is changing lives.