Coinbase NFT Pauses New Collection Drops, Denies Shuttering Marketplace

Coinbase’s NFT drops feature allowed creators to release collections directly on the marketplace, rather than serving as a secondary marketplace such as leading NFT platform OpenSea. According to data from Dune Analytics, Coinbase NFT’s all-time trading volume is 4,454 ether (ETH), or nearly $7 million. In the month of January alone, OpenSea raked in 306,645 ETH in trading volume, about $483 million.

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