THE COINBASE NFT PLATFORM HAS FAILED WITH INTENSIVE ATTENTION BEFORE IT OPENED. USERS TRYING TO REGISTER TO THE WAITING LIST EXCEEDED ONE MILLION.
Coinbase, one of the largest cryptocurrency exchanges in America, shared with the whole industry that it would step into the NFT market with a statement on October 12. It was estimated that this step of Coinbase would make a lot of noise and be strong enough to compete with other platforms.
Dubbed “Coinbase NFT,” the platform will initially support Ethereum-based ERC-721 and ERC-1155 token standards. It plans to expand support to other blockchains in the future.
Sanchan Saxena, Vice President of Product at Coinbase, said yesterday that when registration opened, the waitlist encountered an "insane" amount of traffic and temporarily disrupted the site.
Almost 1.1 million people signed up for the Coinbase NFT waiting list!
More than 1 million registrations have been registered for Coinbase's NFT platform since the waitlist went live on October 12.
There are approximately 1.1 million people waiting for early access to the NFT platform. And this is increasing every hour. Sanchan Saxena, Vice President of Product at Coinbase, tweeted that the amount of “insane” traffic for the waitlist was temporarily disrupting the site.
https://twitter.com/sanchans/status/1448096992408657924?s=20With Coinbase's user base of approximately 68 million verified users and 8.8 million monthly active users as of Q2 2021, the NFT platform could soon provide some serious competition to giant NFT Platforms like OpenSea.
According to data from DappRadar, OpenSea has a 30-day average of 260,000 active users, who processed a total of 2.49 million transactions last month. It is clear from the numbers how serious the interest in the Coinbase NFT Platform is.
The Coinbase NFT platform will initially be available to US customers over the age of 18, before being rolled out to international markets in the future.