October 14, 2021

Not Yet Launched, Coinbase NFT Welcomes Over 1 Million Early Registrations!

 Less than a week after announcing the waiting list for the launch of the non-fungible token (NFT) platform, Coinbase saw over 1 million registrations from among its users and crypto supporters.

Coinbase’s decision to launch the NFT platform was taken after Binance, OKEx, and FTX did so in June, and September.

Dubbed the ‘Coinbase NFT’, users have the opportunity to mine, make purchases, do research and searches, and display their NFT collections.

Not only that, the platform will support Ethereum, ERC-721 and ERC-1155 standard-based tokens.

At the time of writing, an estimated 1.1 million individuals have registered on the waiting list for early access to Coinbase NFT, thus affecting the traffic of the registration website:

Calling all NFT artists! Show us what you got in the replies and we'll retweet some of our favorites. #PortfolioDay

- Coinbase NFT (@Coinbase_NFT) October 12, 2021

With a record 68 million verified users and 8.8 million monthly active users as of achievement in the second quarter of 2021, it’s not impossible Coinbase NFT will be a close competitor to OpenSea.

DappRadar revealed OpenSea records 260,000 active users per month and has seen the total number of transactions hit 2.49 million throughout September.

Coinbase's nft waitlist is already larger than OpenSea's wallets.

Probably something.

- NAT╬× R ◎ TH (@NathanCRoth) October 13, 2021

However, for readers who are interested in this offer, Coinbase only opens opportunities in the United States (US) market first, for those aged 18 and above before being launched to other markets.