Coinbase NFT Marketplace Waitlist Soars Past 1.5 Million

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Coinbase is following other major players into the NFT fray, including FTX U.S., Crypto.com, and Visa. Consumer interest has exploded, with over 1.5 million signing up for the waitlist in the first two days. 

Coinbase NFT Waitlist Erupts

The waitlist for Coinbase’s new NFT marketplace, announced just two days ago, has already surpassed 1.5 million.  

With over 60 million users, as well as its unique focus on cultivating “social engagement,” Coinbase seems to be in a strong position for capitalizing on the wild growth the NFT sector has seen this year. In the third quarter, there was more than $10 billion in NFT sales volume, compared to only $1.3 billion in NFT sales volume in the second quarter. In August alone, OpenSea did $3.4 billion in NFT sales volume. 

Coinbase’s waitlist for access to its NFT marketplace, however, has dwarfed the number of OpenSea users over the last 30 days, which was 261,000. The waitlist passed one million yesterday, after one day online. 

The company wrote in a blog post concerning its new NFT marketplace: 

“Our mission at Coinbase is to increase economic freedom in the world. By enabling more people to join the creator economy and profit from their work, NFTs have an important role to play in this mission.  Just as Coinbase helped millions of people access Bitcoin for the first time in an easy and trusted way — we want to do the same for the NFTs.”

Coinbase is not the only major exchange that recently announced an NFT marketplace. In March, Crypto.com announced its own NFT marketplace, and FTX U.S. launched a Solana NFT marketplace only three days ago.

The NFT marketplace is expected to launch later this year.

(Disclaimer: At the time of writing, the author of this piece owned BTC, ETH, and several other cryptocurrencies.) 

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