Coinbase NFT Platform seems to be a much-anticipated launch as over 4 million users have signed up to the waitlist.
Number of Users Signing Up for Coinbase NFT Marketplace Continues Growing
Of the 4 million sign-ups, 1.4 million occurred in less than 24 hours since Coinbase announced it would be launching the platform. When the San Francisco headquartered crypto exchange first revealed plans to launch an NFT platform last year, many people similarly signed up. By late 2021, over 2.5 million customers were ready for onboarding.
The number of users waiting to use the NFT platform is quite promising for Coinbase. People on the waitlist will be able to view the market before most other people. The Coinbase NFT platform will only support Ethereum-based NFTs.
Assuming that only three percent of the users buy just 1 ETH, the trading volume will be on the roof. Furthermore, although not revealed yet, Coinbase could gain huge profits from the fees it can incorporate on the platform.
According to Coinbase CEO Brian Armstrong, NFTs have the potential to overtake the cryptocurrency market in the future. Reportedly, over 100 content creators have met with crypto exchange Coinbase to talk about collaborating on launching their new NFTs on the upcoming platform. Therefore, the exchange wants to create a marketplace that offers an immersive experience like Instagram or Facebook.
MasterCard Payments for NFT is One of the Much-Awaited Features
The Coinbase NFT marketplace promised that users could buy their favourite non-fungible tokens using MasterCard. The platform’s slogan is to “make minting, purchasing, showcasing and discovering NFTs easier than ever.”
MasterCard payment is one of the much-awaited features as it is not currently available in any of the NFT marketplaces. However, since it will be an Ethereum-based NFT-supported platform, users will still require a crypto wallet that supports NFTs to keep it safe.
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