Coinbase is emulating other major players into the NFT craze. These other players includes FTX U.S., Crypto.com, and Visa. Notably, it has massive customer interest with more than 1.5 million sign ups for the waitlist. This of course, is just in the first two days.
Massive Coinbase NFT Waitlist SignUps
Furthermore, The waitlist for Coinbase’s new NFT marketplace in just two days hits and overtakes 1.5 million.
Additionally, Coinbase has over 60 million users with good “social engagement,”. This places it in strong position for capitalizing on the wild growth the NFT sector this year. Notably, just In the third quarter, over $10 billion in NFT sales volume is in records. While, in the second quarter, only $1.3 billion in NFT sales volume records. However, August alone sees OpenSea having $3.4 billion in NFT sales volume.
Additionally, OpenSea Loses its users in the last 30days, at 261,000. This is due to Coinbase’s waitlist NFT marketplace, which crosses one million after one day online.
During a blogpost, The company writes about its new NFT marketplace:
“Our mission at Coinbase is to increase economic freedom in the world…”
“By enabling more people to join the creator economy and profit from their work,…”
“NFTs have an important role to play in this mission…”
“Just as Coinbase helped millions of people access Bitcoin for the first time…”
“in an easy and trusted way — we want to do the same for the NFTs.”
Lastly, Coinbase is not the only major exchange announcing an NFT marketplace. Also, Crypto.com in march announces its own NFT marketplace. Of course, FTX U.S. too launches a Solana NFT marketplace only three days ago.