- An artist on Twitter said that she’s not going to drop her new NFT collection on Coinbase NFT because the marketplace is planning to shut down in February.
- Coinbase NFT responded by saying that it’s not shutting down but rather is only “pausing artist drops” to “focus on other features and tools that creators have asked for.”
- The marketplace said that it still remains “optimistic about its future as we continue building.”
- Coinbase has seen dwindling volumes on its marketplace. Its seven-day volume is just $1,660, compared to OpenSea’s 24-hour volume on Ethereum of over $13 million.
Coinbase, the world’s second-largest centralized crypto exchange, has addressed the rumors of its NFT marketplace’s alleged imminent shutdown.
Coinbase NFT said on Twitter that it’s not shutting down its NFT marketplace but rather “pausing artist drops” to “focus on other features and tools that creators have asked for.”
“Rest assured, our mission for Coinbase NFT hasn’t changed and we remain optimistic about our future as we continue building. We’re excited to find more opportunities to work with creators in the future,” they said.
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We recently shared that we are pausing creator Drops on the NFT marketplace to focus on other features and tools that creators have asked for.
To be clear: We are not shutting down the Coinbase NFT marketplace.
— Coinbase NFT (@Coinbase_NFT) February 1, 2023
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Coinbase’s clarification comes after artist Jessica Yatrofsky announced on Twitter that her new NFT collection isn’t going to be released on the Coinbase NFT marketplace because it’s planning to shut it down sometime in February.
While Coinbase NFT continues to operate, it would come as no surprise if the marketplace did shut down, considering the volumes on the marketplace have been tiny compared to other NFT marketplaces.
Coinbase NFT thấy khối lượng nhỏ
Coinbase NFT has been struggling to gain traction since the launch of the marketplace almost a year ago. The marketplace has done $7.3 million in volume in its 9 months of existence.
But recent numbers are even lower. For example, Coinbase NFT’s seven-day volume is just $1,660 and 24-hour volume is $109. For comparison, OpenSea, the largest NFT marketplace and one of Coinbase’s rivals, saw over $13 million in total volume traded Ethereum yesterday alone.
Coinbase’s struggles to attract users are somewhat correlated to its chief product officer Surojit Chatterjee’s exit from the company. Chatterjee, who was hired by Coinbase from Google for a huge $646 million compensation package, left the company just six months after the launch of the NFT marketplace.
Since Chatterjee’s exit, Coinbase NFT has seen little to no volume and interest from users.
Trên Flipside
- It’s unclear why Coinbase NFT needs to halt new projects to develop tools.
- As NFT volumes seem to be slowly coming back, Coinbase might see more activity on its marketplace.
- Coinbase NFT is still in beta.
Tại sao bạn nên quan tâm
Coinbase NFT được dán nhãn là điều tiếp theo khi nó ban đầu ra mắt. Tuy nhiên, nó vẫn chưa sống theo sự cường điệu của nó. Điều này cho thấy khó khăn như thế nào để cạnh tranh hơn OpenSea, ngay cả với các tài nguyên Coinbase có.
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