Coinbase pausing creator Drops on its NFT marketplace

2023-2-2 14:10

The exchange however maintained that it is not planning to close its NFT marketplace. It wants to align the exchange’s resources in developing other features. Coinbase has been struggling with revenue generation.

Cryptocurrency exchange Coinbase on Wednesday tweeted that it was pausing creator drops in its NFT Marketplace. The exchange however assured clients that the move is not an overture to the closure of the NFT marketplace.

Coinbase explained that it was doing so to free up resources so that it could focus on other tools and features that creators have requested.

We recently shared that we are pausing creator Drops on the NFT marketplace to focus on other features and tools that creators have asked for.

To be clear: We are not shutting down the Coinbase NFT marketplace.

— Coinbase NFT (@Coinbase_NFT) February 1, 2023

Coinbase has been facing a lot of challenges lately. It cut its workforce by 25% and closed its operations in Japan. It also recently got fined in the Netherlands for operating there without a licence.

Jessica Yatronofsky NFT collection

Coinbase announcement came shortly after one of its NFT partners, Jessica Yatronofsky, announced that her NFT collection would no longer be available on the Coinbase NFT Marketplace. Yatronofsky claimed that she had information that the marketplace would cease to operate as of February; something that is most likely the reason for Coinbase to reiterate it was not closing the Marketplace.

According to Coinbase, the changes will help the development team behind the Coinbase NFT to focus more on improving the platform. A representative from the exchange said that the team will now be able to focus on creating long-lasting solutions to serve its community.

In another tweet, Coinbase said:

“Rest assured, our mission for Coinbase NFT hasn’t changed and we remain optimistic about our future as we continue building. We’re excited to find more opportunities to work with creators in the future.”

Coinbase COIN share price

While there is no concrete reason that has been given by Coinbase for pausing the NFT drops, Coinbase share price has been rising over the last few days.

Yesterday COIN closed the market at $65.70, up +7.22 (12.35%). the stock has gained +9.64 (17.20%) in the past five days.

The post Coinbase pausing creator Drops on its NFT marketplace appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Hamster Marketplace Token (HMT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 HMT

marketplace coinbase nft exchange developing revenue generation

Источник: coinjournal.net

marketplace coinbase → Результатов: 81


Coinbase has 4 million people on its waitlist

Coinbase is finalizing plans to float its NFT marketplace, and the company currently has over 4 million people on a waitlist for its upcoming platform Coinbase NFT Marketplace Coinbase is one of the most significant crypto marketplaces, and with a company of this size, it’s only natural that when they enter the NFT space, they […] The post Coinbase has 4 million people on its waitlist appeared first on NFT News Today.

2022-4-12 07:22


Coinbase is almost ready to launch its NFT marketplace

Coinbase has been teasing the proposed launch of its new NFT platform for a while, and after an extended waiting period, we have concrete news from the company Coinbase: Better late than never Coinbase is one of the most significant players in the Fintech space, and in October 2021, the company shared plans to enter […] The post Coinbase is almost ready to launch its NFT marketplace appeared first on NFT News Today.

2022-3-20 09:57


Bitcoin Wallets Trend as Top Apps on Apple Store as Price Spikes 112% YTD

Two leading bitcoin wallets were trending higher on a popular app marketplace on Tuesday. Twitterati CryptoRae shared a screenshot of the most-searched apps on the Apple Store. It showed Coinbase, a cryptocurrency wallet app managed by a San Francisco-based exchange of the same name, and Blockchain, a similar wallet service provider, listed on the Apple.

2019-5-16 15:00


Two Lawyers Take On Arbitration Compelled For Coinbase After Being Sued For Failing To Prevent A Scam

Cryptocurrency scams are common in the cryptocurrency marketplace, and there is usually no recourse if someone falls victim to a scam unless the criminals are caught. However, there is an arbitration clause in Coinbase’s terms of service that one plaintiff is using to sue the platform, according to The Block. According to the plaintiff, Coinbase, […]

2019-2-10 21:00


Фото:

BAT Listed on Coinbase Pro, Price Jumps 32 Percent Within Minutes of Announcement

Cryptocurrency exchange Coinbase listed the Basic Attention Token (BAT) on its “Pro” trading platform on Nov. 2, after months of speculation surrounding the support of popular altcoins. BAT’s Market Dominance A utility token powering the Brave browser and marketplace, BAT is the world’s 30th largest cryptocurrency by the total market cap of $295 million.

2018-11-5 16:00


Coinbase не получала от SEC разрешение на покупку компаний-брокеров

Крупнейшая криптовалютная торговая площадка из США Coinbase заявила о том, что SEC на самом деле не выдавала им разрешение на покупку компаний-брокеров. Напомним, ранее на этой неделе Coinbase заявила о получении разрешения на покупку брокер-диллеров Keystone Capital Corp.

2018-7-18 19:28


Coinbase опровергла получение разрешения SEC на листинг security-токенов

Обновление от 18. 07. 18: в самой Coinbase отрицают формальное одобрение SEC, говоря, что компания общалась с членами Комиссии неофициально. Американская криптобиржа Coinbase получила одобрение Комиссии по ценным бумагам и биржам США (SEC) и Агентства по регулированию деятельности финансовых институтов (FINRA) на покупку криптобиржей брокер-дилеров Keystone Capital Corp.

2018-7-18 15:30


Фото:

Coinbase заявила, что не получала одобрения SEC на покупку брокерских фирм

В понедельник 16 июля представитель Coinbase рассказал Bloomberg, что компания получила одобрение SEC и FINRA на покупку трёх брокерских фирм – Keystone Capital Corp. , Venovate Marketplace Inc. и Digital Wealth LLC.

2018-7-18 15:22


Coinbase получила разрешение регуляторов на листинг security-токенов

Американская криптобиржа Coinbase получила одобрение Комиссии по ценным бумагам и биржам США (SEC) и Агентства по регулированию деятельности финансовых институтов (FINRA) на покупку криптобиржей брокер-дилеров Keystone Capital Corp.

2018-7-17 14:40


дальше еще 32 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto’s winners and losers: who’s cashing in on the Bitcoin boom?

The cryptocurrency world is awash in new wealth as Bitcoin’s record-breaking climb above $90,000 propels the total value of digital assets past a staggering $3.2 trillion. Forbes estimates that 11 of the top crypto billionaires, whose holdings are predominantly liquid tokens and stocks, have collectively added $38 billion to their fortunes in 2024. Remarkably, $24 […]

Franklin Templeton expands its money market fund to Coinbase’s L2 Base network

Franklin Templeton has extended its OnChain US Government Money Market Fund (FOBXX) to Coinbase’s Ethereum-based layer-2 (L2) Base network. The expansion, announced on October 31, marks the first time a major asset manager has launched on Coinbase’s Base, showcasing Franklin Templeton’s strategic embrace of blockchain technology in traditional finance.