- Coinbase NFT is a non-fungible token platform owned by one of the leading crypto exchanges in the market.
- The NFT platform by the cryptocurrency exchange was unveiled back on 4th May, with high speculations regarding its success.
- NFTs are tokens existing on the blockchain, and cannot be interchanged with each other similar to crypto assets.
New Features On Coinbase NFT
The NFT platform by the crypto exchange Coinbase will be adding the latest features to attract more audiences. Since its inception, Coinbase NFT has tried to intensify its platform to lure more users.
The new feature includes a Liked tab, bulk manage, notification hub, an insights page, and editing of list values.
Another feature will allow the user to link up to 10 cryptocurrency wallets to a sole account on the platform.
That's a wrap on June!
Here's a recap of all the great features we launched on Coinbase NFT this past month.
— Coinbase NFT (@Coinbase_NFT) July 1, 2022
It seems like Coinbase is still working on the development of their NFT platform in spite of the crypto bloodshed, and recent layoff wave as well as abolished job offers.
The update regarding the latest features received micex responses from the users on the social media platform Twitter, where few users alleged that the organization is involved in illegal data selling activities. Still, the firm is “firm” on its word that they aren’t engaged in such acts.
Updates From NFT Sector
Recently, the biggest NFT marketplace OpenSea witnessed a sharp plunge in its trading volume, which slipped below a Million dollars. This appears to be nothing in contrast to its all-time high back in May, when the sales volume reached $400 Million back in May 2021.
As per the data provided by CryptoSlam, an NFT data aggregator, Sorare NFTs were standing on the top, following the significant PSG player Kylian Mbappe joining forces with the platform as the global brand ambassador.
Many people think that NFTs are just images minted in the form of blockchain tokens, but less do they know that NFTs can be anything that can be converted into a digital format, it can be a Wikipedia edit, audio file, video file, and more, and can have multiple utilities.
Source: https://www.thecoinrepublic.com/2022/07/02/coinbase-nft-fails-to-attract-large-audience-launches-latest-features-to-do-so/