Since its launch on April 20, Coinbase NFT has recorded a trading volume of $315,874, and 737 registrations. A balance sheet that places it far behind OpenSea, which posted 92 million dollars just for the day of April 30.
Coinbase NFT, the adventure has only just begun
As Coinbase NFT is in its infancy, therefore still in beta mode, it is quite normal that the crowds are not there. The data from Dune Analytics has indeed highlighted somewhat modest data concerning the marketplace NFT. Since its launch on April 20, that:
- 985 trades;
- 737 people registered;
- $315,874 in trading volume.
Figures that might not delight observers, but interesting in the eyes of the designers of the marketplace NFT Coinbase.
At this pace, it is difficult to align with the giant OpenSea which, on April 30 alone, recorded a trading volume of 92.46 million dollars. DappRadar’s data will be of great use to you for verification purposes.
Also, the number of traders at this time was estimated at 55,982. And the average NFT price reached $1,600 on OpenSea.io.
Why such a slow start for the Coinbase NFT marketplace?
At this point, a comparison with OpenSea seems inappropriate, given that Coinbase NFT was just born. Here are some convincing explanations:
1- It is in beta phase
On the day of the presentation of the project, its initiators did indeed specify that this avant-garde platform will first be established in the test phase. It was necessary to invite an unlimited number of people in order to register on a white list. Just to check if Coinbase NFT is of interest to the large number or not.
Result: 2.5 million people jostled on this waiting list. Can we still deny the lack of interest in marketplace NFT Coinbase?
In any case, its developers remain confident in their approach including a soft launch. Moreover, it will be incredibly effective from a perspective of effective management of difficulties before the massive influx of users.
2- Transactions are temporarily free
Recently, the vice-president of Coinbase clarified that they have decided not to take anything from transactions in this test phase. A boon for Coinbase NFT users since they have the ease of creating their own profile on the platform. In addition, they were granted to illustrate their account with crypto-art, in particular that “ who tells their story “.
The icing on the cake, users of the NFT marketplace will be delighted by the possibility of manipulating the site like a social network. Profile creation, following other profiles, posting comments, upvote and downvote conversations… so many possibilities granted by Coinbase NFT.
We are aware that Coinbase partnered with MasterCard last January for another facility for Coinbase NFT. This notably allowed the purchase of NFT with credit/debit cards.
Source : CoinMarketCap
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Coinbase NFT: The counter shows 737 users at the moment
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