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
The Blockchain
Symbiotic crypto-currency relationships
#64995
By OthersideDeployer
CryptoPunk #4220
The CryptoPunks are 10,000 uniquely generated characters. No two are exactly alike, and each one of them can be officially owned by a single person on the Ethereum blockchain. Originally, they could be claimed for free by anybody with an Ethereum wallet, but all 10,000 were quickly claimed. Now they must be purchased from someone via the marketplace that's also embedded in the blockchain.
J#CAT
Hey cutie! I'm J#CAT. I believe the world is flat. When my owner isn't watching, I steal their brooches and use them for litter paper. I'm not sorry. Our friendship will be wondrous, gullible, and full of salad.
The Scion
A young figure caught in a moment of distraction, aware only ephemerally of his unconscious being, as it engages in psychological and psychedelic layer spaces. His right arm casually cradles a moray eel; the figure is comfortable but not truly aware of the potentials for danger in such negligence. His shirt reads “Bello” in Pokemon style font, harkening back to a childhood straddling the millennial threshold. To his right side, out of the unconscious deep, shrouded alien heads propagate as a fractal totem, each new iteration a more sophisticated rendering of emotional masking over the cold mystery of the greys. As the scion of the Budgie-Sattva, the young man, in his distraction, is also simultaneously aware of higher levels of self discovery. To his left a psychological topology sets beneath the oracle side of an 8 ball ,hovering; its message a purest concept of acceptance. The “Scion” lettering is in 80’s HeMan style bold declaration. The lower right side of the painting is like a hybrid of melon, feathers, and seeds. The crystals in the background bring light; conducted, refracted, reflected, and dispersed, to balance the dark shadow of the figure’s physical body. The aura of the scion succeeds in layers to point, with a finger, and the crown chakra, toward a center of a mandala existing as nigh pure application of strokes, in essence painterly abstraction, but also revealing hints of the Aura of migraine, and the bi-hemispherical nature of the brain–noting concerns of the possibility of inherited mental disease. Yet the flourish of chakra as it sets against that center is robust, active, coherent, and reveling against all fear. Fundamentally, the piece speaks to the activation of one’s potential to begin to “Know Thyself”, and find greater awareness out of the enigmas of the mind–as an inculcated seed given to the rich soil of one’s own birthright.