US Coinbase suspends new listing of NFT on marketplace ─ denial of closure | coindesk JAPAN | Coindesk Japan

On February 1st, the NFT marketplace “coinbase NFT” operated by the major crypto asset (virtual currency) trading company Coinbase temporarily suspended the drop of creators (new public offering of NFTs) in order to focus on other aspects. said there is.

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

“We communicated that we are pausing creator drops on the NFT Marketplace to focus on other features and tools that creators want. Just to be clear, we are not shutting down Coinbase NFT.” Tweet from the same marketplace)

It all started when artist and Coinbase NFT partner Jessica Yatrofsky announced on February 1 that her planned NFT collection would no longer be issued new on Coinbase NFT, and that she was personally informed that the marketplace would be closed. It seems that he tweeted that it was done.

Congratulations on your upcoming drop!

To clear up confusion: we’re pausing Drops for now to focus on other areas within Coinbase NFT, but we’re not shutting down the Coinbase NFT marketplace.

As we shared with you, we’d love to find more ways to work with you in the future.

— Coinbase NFT (@Coinbase_NFT) February 1, 2023

Coinbase NFT was quick to react to the rumors, stating that it was suspending drops (new public offerings) to focus on improvements, but that it would not shut down the NFT marketplace.

According to Dune Analytics, Coinbase NFT’s trading volume so far is 4454 Ethereum (about $ 7 million, about 900 million yen). By comparison, trading volume on major marketplace OpenSea was 306,645 Ethereum (about $483 million) in January alone.

｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
｜Image: Coinbase NFT (Coinbase)
｜ Original: Coinbase NFT Pauses New Collection Drops, Denies Shuttering Marketplace