Home Coinbase Coinbase NFT Pauses New Assortment Drops, Denies Shuttering Market – CoinDesk

Coinbase NFT Pauses New Assortment Drops, Denies Shuttering Market – CoinDesk

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Coinbase’s NFT drops function allowed creators to launch collections straight on {the marketplace}, fairly than serving as a secondary market reminiscent of main NFT platform OpenSea. Based on information from Dune Analytics, Coinbase NFT’s all-time buying and selling quantity is 4,454 ether (ETH), or almost $7 million. Within the month of January alone, OpenSea raked in 306,645 ETH in buying and selling quantity, about $483 million.

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