Sanchan Saxena, the vice president of product at Coinbase, said yesterday that the “insane” amount of traffic from signing up to the waitlist temporarily broke the site.
Marketplace News
Marketplace is a platform for trading online that provides information about products or services of a third person whose transactions are processed via the operator of the marketplace. Marketplaces have already changed the way how people buy and sell, as they provide a connection between sellers and customers, a vast number of products to compare and low prices that are obtained via product and service providers’ competition for the consumer. In terms of cryptocurrency, it is possible not only to pay on marketplaces with Bitcoin, but also marketplaces on blockchain have new, transparent structures, allowing for interactions between users and sellers without mediators. In addition, all participants of a decentralized marketplace on a blockchain can take part in auditing in order to make pricing fairer, more visible and verifiable.
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With 68 million verified users and 8.8 million monthly active users as of Q2 2021, Coinbase’s entry into the NFT industry could provide competition for established marketplaces like OpenSea.
6307In order to sustain the growth of NFTs, it is important that new buyers aren’t deterred from purchasing NFTs due to high gas fees.
9479To advance medical care, a solution for secure, anonymous data may be the ticket to utilizing patient data.
1882“This is basically the same as making a joke that you stole the Mona Lisa by taking a photograph of it,” said Twitter user Sergey Pshenichkin.
15483“We believe that NFTs can significantly accelerate the development of women’s sports,” Sorare CEO Nicolas Julia told Cointelegraph.
4071High-profile NFT sales have dominated the headlines, but the deeper analysis shows that most NFTs are worthless and that the market is highly illiquid.
16831Sorare attained a $4.3-billion valuation with a Series B funding round led by the Tokyo-based holding company.
5913Allegations of NFT insider trading have been confirmed by OpenSea, which issued a statement about its head of product lead.
5951This week’s market-wide correction lead to a sharp decline in NFT sales as decreased demand for digital collectibles led to a drop in the floor price of most major projects.
8307NBA star Stephen Curry snapped up a Bored Ape Yacht Club NFT worth $206,000, while Vine co-founder Dom Hofmann unintentionally created an NFT craze.
5603Fame Lady Squad is relaunching after its male creators were outed, the MLB issues tokenized stadiums, and rare Kobe Bryant photos are up for auction.
3304Following the delisting of the Sad Frogs District NFT project from OpenSea, the Sad Frog’s team has filed a counter DMCA to the NFT marketplace.
9110“Creating work with the voices of others is something to embrace,” said Holly Herndon.
5056Nonfungible tokens appear to be bubbling again, with marketplace OpenSea now processing more volume daily than it did for the entirety of 2020.
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