CRYPTO

NFT Marketplaces are Sprouting Everywhere



It’s been a while since we updated you on developments in the NFT space, but it’s not for lack of news.  In fact, we have to hold ourselves back because the news in this space just keeps coming.  Ok, let’s jump into it.

Coinbase NFTs.  Coinbase is adding an NFT marketplace to its platform – heck, they need a new product after the SEC quashed their attempts to jump into DeFi yield farming with the filed Lend effort.

There have already been more than 1 million signups for the NFT platform since the waitlist went live on Tuesday.

FTX.  This development from Coinbase mirrors a similar move from competitor exchange which alsoannounced the launch of a new NFT Marketplace that will support Solana-based NFTs.

OpenSea.  But they all pale in comparison to new kid on the block OpenSea which reportedly has a 97% chokehold on the entire NFT market.


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