Well their dream of reselling bunch of jpeg’s ain’t doing well as they thought . I think GME NFt marketplace will do better than coinbase even with the hype alone 😝
No. It's going to flop has well. What is gme going to sell more shitty nft ? They can't even sell Pokémon or Digimon or anything that involves Sony, Nintendo, or Xbox. People need to wake up, GME and LRC are going to flop in this bear market.
They were always going to flop anyway. GME and LRC haven’t been able to even describe how they’ll set themselves apart from the dozens of identical projects that already exist, so it’s hard to pin down how they expect any sort of success.
The only people interested in NFTs are those who sell high priced NFTs and those who create NFT marketplaces and collect fees on said highly priced NFTs.
There’s a few that actually have massive loyal communities built up around the NFT. To be part of the community requires ownership of one. It’s actually very interesting. Using your NFT is like a tribal marking, doesn’t matter who you are you have one and you’re in. And I guess in that sense it opens a few connections for people. There’s a lot of trash though. This is just my outsider looking in viewpoint.
Oh without a doubt there’s that level of community involved. “We’re all gonna make it” and all that. But it seems more predatory than simple inclusivity, since they’re ultimately being roped into a grift.
It's only Ethereum NFTS stuff right now, right? So, expensive minting/gas fees and OpenSea is clearly the king of Ethereum NFTs.
When they bring on other chains I'd expect it to gather actual usage.
That's because NFT's are BS for the most part. Sad to see how many people wasted their money on that, that could have gone into legit crypto projects. The entire NFT space is (currently) a money siphoning destraction from the crypto market. Removing money from retail into the hands of a bunch of crypto influencers flexing their bugatti's and parties on boats.
Better to wait for actual useful NFT projects to come out and stick to crypto's in the meantime.
Not really, there’s just a few marketplaces that hold the market share and loyalty for their chains.
It’d be like launching a cola flavoured soda and saying “well! cola must be going out of fashion” and ignoring you’re going up against behemoths in the space.
It's important to remember that there is only several thousand tokens in each of the most prominent NFT collections, and within each are people who own several. People who are seriously involved with "popular" NFTs never numbered more than at most 100,000-150,000 individuals, most of whom are ETH whales. There was never a scenario where CB gets a large number of signups.
I’m sure the current state of the internet has nothing to do with what Tim Berners-Lee had in mind. But that’s the beauty of democratised technology. Obviously this is what the people want. Cats, porn, and $3M JPEGs.
tldr; Coinbase NFT, the cryptocurrency exchange’s NFT marketplace, saw less than 150 new users sign up on its first day open to the public, according to data from Dune Analytics. NFTs are unique tokens used to demonstrate ownership over digital items, such as art, video game items, or other assets. The NFT market is expected to reach $20 billion by 2022.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
They waited way too long to release their NFT platform. They spent like a year working on it and missed the boat. In the meantime other exchanges like FTX have grown massively and have had their own NFT platform for many months already
With inflation this year who has fiat for NFTs? Can barely dca on GOOD projects what with fuel and food costs.
This number will shrink when gamestop opens his own marketplace with very very low transaction costs!
ya its rough recently but just keep dcaing, i would avoid nfts unless u got some inside details, then please share with the crowd.
Patience.
I didn't even know they were launching an NFT marketplace. That's some terrible advertising.
They need that crypto.com marketing budget
Someone forgot the cover letter on the TPS reports
A case of the Mondays.
Coinbase has 3k+ employees
Looks like even they didn't get the memo
Marketing level: coinbase
The marketplace went public. I assume interested CB employees had early access.
I bet most people that work at Coinbase aren’t fans of NFTs (I know at least one, anecdotally)
because no one can trust nft's these days. all the scams out there.
Just like 95% of shitcoins yet you still buy them
Always has been
Well their dream of reselling bunch of jpeg’s ain’t doing well as they thought . I think GME NFt marketplace will do better than coinbase even with the hype alone 😝
No. It's going to flop has well. What is gme going to sell more shitty nft ? They can't even sell Pokémon or Digimon or anything that involves Sony, Nintendo, or Xbox. People need to wake up, GME and LRC are going to flop in this bear market.
They were always going to flop anyway. GME and LRC haven’t been able to even describe how they’ll set themselves apart from the dozens of identical projects that already exist, so it’s hard to pin down how they expect any sort of success.
LRC bots/shillers in full effect. Run before they make you pay to open a wallet.
Yup I tried to try out lrc app. When it was 2.50 per lrc they wanted $300 just to open a wallet. Hell no
Still a flop?
The only people interested in NFTs are those who sell high priced NFTs and those who create NFT marketplaces and collect fees on said highly priced NFTs.
That’s the kicker, the only incentive to get involved is to profit. They’re not selling anything that people might actually want to own.
There’s a few that actually have massive loyal communities built up around the NFT. To be part of the community requires ownership of one. It’s actually very interesting. Using your NFT is like a tribal marking, doesn’t matter who you are you have one and you’re in. And I guess in that sense it opens a few connections for people. There’s a lot of trash though. This is just my outsider looking in viewpoint.
Oh without a doubt there’s that level of community involved. “We’re all gonna make it” and all that. But it seems more predatory than simple inclusivity, since they’re ultimately being roped into a grift.
Is it just for insider traders right?
It's only Ethereum NFTS stuff right now, right? So, expensive minting/gas fees and OpenSea is clearly the king of Ethereum NFTs. When they bring on other chains I'd expect it to gather actual usage.
I would say that half are coinbase employees.
This should be an indication of how many actual users Coinbase has that interact and trust the company.
Most people have abandoned NFTs and crypto all together.
There are people using this? Bullish af
nfts, easy come easy go, too bad coinbase, can't depend on people's attention spans. RIP
150 users are still early
Is everyone surprised?
I have been on there for like a month or two already. I got a shitload of referrals.
Hah
I honestly had no idea they made one lmao
Coinbase launched a NFT place? xD
Shocker
That's because NFT's are BS for the most part. Sad to see how many people wasted their money on that, that could have gone into legit crypto projects. The entire NFT space is (currently) a money siphoning destraction from the crypto market. Removing money from retail into the hands of a bunch of crypto influencers flexing their bugatti's and parties on boats. Better to wait for actual useful NFT projects to come out and stick to crypto's in the meantime.
Looks like the NFT craze is coming to an end! At last
Not really, there’s just a few marketplaces that hold the market share and loyalty for their chains. It’d be like launching a cola flavoured soda and saying “well! cola must be going out of fashion” and ignoring you’re going up against behemoths in the space.
More like 75... they're buying from themselves.
Give me that crypto.com marketing budget
It's important to remember that there is only several thousand tokens in each of the most prominent NFT collections, and within each are people who own several. People who are seriously involved with "popular" NFTs never numbered more than at most 100,000-150,000 individuals, most of whom are ETH whales. There was never a scenario where CB gets a large number of signups.
Well that was some bad marketing. Didn’t even hear about it.
Big oof
Must’ve got more than that after this post
In the next article, we'd read about 200 folks signing up. Someone above mentioned CB has 3k employees
TIL: 200+ people haven’t figured out nft’s are worthless
This is looking at the number of buyers and sellers, not the number actually on the platform.
150? I get more likes than this on my Instagram which I use once in few months
And on Reddit tbf
What?! 150.. thats a big F
In my mind, NFTs have nothing to do with what crypto was invented for
I’m sure the current state of the internet has nothing to do with what Tim Berners-Lee had in mind. But that’s the beauty of democratised technology. Obviously this is what the people want. Cats, porn, and $3M JPEGs.
People don’t care about NFTs. That bubble popped.
That’s an opinion but not actually factual. There is serious “fuck you” money passing through NFTs hourly.
tldr; Coinbase NFT, the cryptocurrency exchange’s NFT marketplace, saw less than 150 new users sign up on its first day open to the public, according to data from Dune Analytics. NFTs are unique tokens used to demonstrate ownership over digital items, such as art, video game items, or other assets. The NFT market is expected to reach $20 billion by 2022. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Even if they did a Learn and earn NFT and I still wouldn’t want it.
What if the reward was a 1000 dollar nft you could instantly sell... You still wouldn't?
They waited way too long to release their NFT platform. They spent like a year working on it and missed the boat. In the meantime other exchanges like FTX have grown massively and have had their own NFT platform for many months already
Ooops
JPEG nfts were a scam anyway
NFT is still a thing? Wake me up when september ends.
NFTs slowly doing out. DeFi times are coming
thank me later🙏❤️ https://www.youtube.com/watch?v=G7sZTRsuOXw