Coinbase NFT Pauses New Collection Drops, Denies Shuttering Marketplace

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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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