15/10/2021 Coinbase’s NFT Waitlist Tops 1 Million Signups on First Day

Coinbase Global Inc.’snot-yet-launchedmarketplace for nonfungible tokens is already a hot spot.

There were more than one million signups on the crypto exchange’s NFT waitlist on the first day it opened, a person familiar with the situation said late Wednesday. It wasn’t clear whether some of the signups were duplicates or spam, the person said. Coinbase unveiled plans to launch its marketplace on Tuesday, seeking to tap into one of the biggest trends in digital assets this year.

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“We are getting a LOT of signups - so grateful for all your interest,” Coinbase vice president of product Sanchan Saxenawroteon Twitter. “We are seeing insane loads on our servers and our team is working hard to get this resolved. Check back soon!”

We just announced the upcoming launch of Coinbase NFT (https://t.co/U1ymWieRT3). We are getting a LOT of signups - so grateful for all your interest .

We are seeing insane loads on our servers and our team is working hard to get this resolved. Check back soon!#Coinbase

— Sanchan S Saxena (@sanchans)October 12, 2021
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Coinbase joins the ranks of Twitter Inc. and FTX in delving into NFTs, or digital collectibles, which have boomed in popularity this year. Daily sales peaked near $268 million in late August, according to tracker Nonfungible, with some NFTs selling for millions of dollars in recent months. Katie Haun, a general partner at venture firm Andreessen Horowitz who sits on Coinbase’s board, is also a board member at NFT marketplace giant OpenSea, according to her LinkedIn profile.

Coinbase, which warned in August that customer usage slowed at the start of the third quarter, has been seeking to diversify its revenue as competitors such as Robinhood Markets Inc. beef up their efforts to attract crypto users. NFTs are the “next frontier” for Coinbase and could become a lucrative business for the exchange next year, according to Bloomberg Intelligence’s Julie Chariell.

“Fees are more likely to mirror retail than institutional crypto-trading commissions,” senior fintech analyst Chariell wrote in a report. “NFT trading at our 3% fee estimate would bring much more revenue per trading dollar, along with less volatility to Coinbase operations than the crypto trading platform.”

Arts

https://www.bloomberg.com/news/articles/2021-10-14/coinbase-s-nft-waitlist-tops-one-million-signups-on-first-day

Interesting NFTs
Fidenza #547
Fidenza is by far my most versatile algorithm to date. Although the program stays focused on structured curves and blocks, the varieties of scale, organization, texture, and color usage it can employ create a wide array of generative possibilities. Additional project feature(s) => Scale:Jumbo, Turbulence:Med, Colors:Luxe, Have Margin:No, Spiral:No, Soft Shapes:No, Super Blocks:Yes, Collision Check:No Overlap, Outlined:No, Shape Angles:Curved, Density:High
#10447
By OthersideDeployer
Genesis
José Delbo sent me his striking pencil sketch and powerful inked work, which I then interpreted in oil on canvas. I wanted to create a very painterly piece with obvious brush marks etc, but I was also aiming for a nostalgic feel, a kind of 1980’s superhero comic book look, the kind I grew up with. My goal with this animation was to try to recreate, in part, the creative process that both artists went through with the visual information I had. I was able to showcase my painting process more accurately as I could take photographs of my progress throughout. Consecutive images could then be layered like brush strokes over José’s drawing to create the impression that this was one continuous artwork from pencil, to ink, to completed painting. The representation of the line sketch at the beginning, then pencil/ink and lastly the paint layers being applied demonstrate both artists’ struggle for the right lines, tone, form, and colour until the work is finally completed. As the oil was still wet with each photograph the glare of my studio lights can be seen in the brush strokes. Eventually, the figure emerges and as it does, our hero comes to life, looking directly at the viewer -- but is he grimacing in approval or disgust? We will never know for sure as just before he can say anything, white paint is brushed across the canvas entirely and the process begins again. Only the bat is quick enough to escape.
Sad Chewie #1
In December 2015, inspired by the most infamous movie patricide in cinema history, I wondered how Han’s co-pilot might fare on his first New Year’s Eve without his closest friend. The first Sad Chewie cartoon was a viral sensation, spawning a series that took social media by storm, as the woeful wookie navigated his solo path through life. Those first dozen panels of pathos are now available as a series of NFTs guaranteed to make you smile as they break your heart. 1/1, Dimensions: 2074 × 2592
Originalplan® - Series 1 - Raw Cut Diamond Be@rbrick
The Be@rbrick series is a project around creating unique Be@rbrick designs. Originally it started as a daily project so each design was created on a daily basis. The concept and idea is based on the subcultural phenomenon of collectibles and designer toys. Raw Cut Be@rbrick is made of several hundreds of diamonds and is only availabe as a 1/1 limited edition collectible. Format : 3D Render. File: JPG * size: 5120 × 2880px After purchase a hand signed Glichē print will be sent to the address of your choosing. Limited to: 1/1 digital pieces.