06 May, 2022
The US crypto exchange’s NFT marketplace opened up its beta version to the public this week.
On its first day, the Coinbase NFT marketplace generated a volume of mere $74,000.
Coinbase NFT marketplace has so far only managed to attract 1,112 users.
To put in context, the leading NFT marketplace OpenSea generated a volume of $177.2 million in a single day.
The daily average NFT sales have dropped by a massive 92% since September last year.
Crypto exchange Kraken also announced its NFT marketplace this month.
Currently, OpenSea continues to remain the biggest NFT marketplace with over 1.65 million users.