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Technology
Matt Wille

Coinbase's NFT marketplace has been a flop so far

NFT Coinbase OpenSea Dune blockchain

Cryptocurrency exchange Coinbase opened up the first beta of its NFT marketplace on April 20. In the weeks since then, the platform has recorded fewer than 110 transactions with a grand total of less than $60,000 in sales — a tremendously slow start, even for a beta test.

That beta test is open to anyone who wants to try it out, though Coinbase was still manually letting people into the marketplace from a waiting list until May 4. Bloomberg points out that OpenSea, the world’s most popular NFT marketplace, completed about $124 million in transactions on May 3 alone.

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