02/05/2022 Coinbase NFT Marketplace Beta Sees Less Than 900 Transactions in Opening Week

The exchange’s long-awaited NFT platform saw 73 ETH in trade volume in its first week after a small portion of its three million-person waitlist was granted access.

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(Benjamin Girette/Bloomberg via Getty Images)

Crypto exchange Coinbase (COIN)finally launchedthe beta of its non-fungible token (NFT) marketplace last week, and some initial activity data has become available.

According todata from crypto analytics site Dune, Coinbase’s marketplace had less than 900 total transactions since its launch on April 20. (The data is routed through 0x Project, which Coinbase tapped for themarketplace’s back end.)

Total trade volume on the marketplace in that time has been 73 ETH (roughly $217,000), with around 650 users so far transacting on the platform.

The low usage stats can likely be attributed to the fact that Coinbase has only granted a small portion of its three-million person waitlist access to the platform. In an emailed statement to CoinDesk, Coinbase said it would not be able to confirm any user data on its NFT marketplace because the product is in beta.

For comparison purposes, established NFT marketplace OpenSea did over $808 million in Ethereum-based trade volume during that same period, amongst over 36,000 users.

Coinbase has said its social-focused marketplace is still in its early stages of development, with plans to drive more users to the platform with exclusive partnerships to be announced in the coming months.

Arts

https://www.coindesk.com/business/2022/04/28/coinbase-nft-marketplace-beta-sees-less-than-900-transactions-in-opening-week/

Interesting NFTs
Alex in Wonderland
A figure, Alex, stands mostly naked in the midst of a physical and psychological maelstrom. He is clad only in nostalgic 80’s era socks, on a tenuous island between active waters and a variety of shark denizens. Sharks on the right side of the image are all beached, including a shark with a quartz crystal snout, an orange shark wrapped in a life buoy, and a shark further in the distance wearing an 80’s style shirt with the number “88”. On the left side is the largest shark, wearing bright glossy red lipstick and brandishing prominent teeth with braces. She is cordoned off from the figure by a roped float divider, and within her thought bubble is a warning symbol. Behind the figure, hovering in the air, are Grey aliens emerging from the distance, out of a series of elliptical UFO shaped interdimensional membranes. The Greys take on the visual form of spermazoa ostensibly impregnating the interdimensional thresholds. As is typical, these Greys inhabit a zone just behind the unconscious topology of Alex’s dissociative mind. Though Alex’s bottom half is representative, his top half mutates into a psychological cornucopia. In a manner akin to “Auto-Erotic Sphinx”, a predecessor work, the figure has self suctioned—an act of sensual infatuation, enjoyment, and exploration. Upward exists the figure’s primary conscious eye, adorned with a revolutionary beret emblazoned with a Bitcoin badge. The figure’s summit features the nose of a fighter jet facing off against video game Bullet Bills, one of whom is marked by a communist North Korean star. A cropped section of a UFO observes the contest. Alex’s mind branches both left and right. To the left is more singular embodied consciousness, manifesting two eyes and a Ganesh trunk grasping crayons. The right branch dissociates upward diagonally, emerging into an array of eyes, faces, teeth, tail, a unicorn horn, and much more—all of which participate in expressing his unconscious being; a democracy of psychic factions representing thought impressions and associations. All illumination and darkness– fernal, infernal, high consciousness and corporeal underbelly–reside in this realm. In the distance are relatively languid, light clouds, and against the firmament hovers a colossal distant eye peering over the scene and far beyond. This painting possesses underlying genetic traits with previous works such as “Auto-Erotic Sphinx with Toys”, “Dionysus”, and “Fuku-Shiva”. The work serves also as a nod to an earlier period of art inspiration during late teens and early twenties— born out of the nakedness, vulnerability, curiosity, and wonder inherent to coming of age and all subsequent psychedelic revelation.
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YouTube Lab
YouTube logo factory. 10-second loop, 30 fps. Created using Cinema4D, X-Particles, TurbulenceFD, Octane, and After Effects.
Punk #8
Inscription #418
DΞSTINATION HΞXAGONIA BY DON DIABLO
Welcome to DΞSTINATION HΞXAGONIA. This NFT comes with a full length audio visual experience of one hour which we have carefully created over the course of the last twelve months. You will receive a unique hand-crafted box, which includes a harddrive that contains the only copy of the high-quality file of the film, making it a truly unique art piece. Welcome to the FUTURΞ.