Coinbase’s NFT marketplace has underwhelmed by all intents and purposes, and this major coffee monster continues to invite chatter around NFT engagement. Will either of them deliver in the long-run?
Only time will tell, but in the meantime, we’ll grab a daily dose of Nightly Mint to recap some of Thursday’s NFT activity.
The Nightly Mint
According to Dune data, Coinbase’s NFT marketplace release to the public has been exceptionally disappointing. The marketplace has less than 2,000 users at time of publishing, and the beta release – which had limited access only to select users – was also widely considered as particularly disappointing (after long hype) from the community.
In today’s market, expectations are high, are the need for top-tier players to deliver at a premium level is essentially where the bar is set. To date, few marketplaces have released products that have shown the potential to truly compete with some of the dedicated marketplace products that have established early-mover advantage.
Related Reading | Spotify Builds Own Island In The Metaverse With Roblox
Coinbase has high expectations and thus far, has a lot left to deliver. | Source: NASDAQ: COIN on TradingView.com
We’ve covered Starbucks intent to delve into NFTs in recent weeks, and now we’re hearing more as the coffee behemoth looks to overcome other struggles throughout it’s business.
Starbucks is slated to launch it’s first release sometime later this year, and is reportedly aiming to integrate them into it’s massive loyalty program – which boasts over twenty million active members.
The ‘Minty Fresh’ Take
Can NFTs serve as the ultimate on-ramp for newcomers?
DeFi had a chance to be the crypto on-ramp for beginners (what clearer value prop than higher APY vs. bank?) but somewhere along the way shit got too complicated.
Now it’s pretty clear to me that the on-ramp is NFTs with creators and brands providing the utility.
— Peter Yang (@petergyang) May 6, 2022
Related Reading | 33% Of Britain’s Consumers Have Used Crypto, Coinbase Report Reveals
Featured image from Pexels, Charts from TradingView.comThe writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.
Sun's projection for the fourth quarter of 2023 is that HTX will generate $190 million in revenue and incur $88 million in expenses, yielding an estimated profit of $104 million.
BrianHe leaves in his wake a embattered China trying to find its place as it continues to cement its position in the global arena.
DavinBandai Namco's SVP Karim Farghaly reveals that Asia's positive view of blockchain could make it the launchpad for gaming's decentraliSed future.
YouQuanFTX founder Sam Bankman-Fried (SBF) recently took the stand in his high-profile trial, shedding light on the defense's strategy and revealing the significance of a crucial document, while also raising questions about the effectiveness of his testimony. This article delves into the importance of the "Document Retention Policy" in SBF's defense, the challenges faced in accessing it, and whether his testimony may have inadvertently harmed his case.
BrianThe price of Pepecoin (PEPE), has surged dramatically, doubling its market cap to $500 million within a week while hitting 155,000 holders.
AaronAmidst the ongoing Israel-Hamas conflict, the Office of Foreign Assets Control (OFAC) has unveiled its intention to implement a second round of sanctions.
KikyoIn a bid to bolster its security infrastructure, Binance unveils the BNB Safe{Wallet} which introduces multi-signature protection for both Binance Smart Chain (BSC) and opBNB.
CatherineIn response to allegations of its involvement in terror financing and such, Tether disputed the claims saying the reports were based on "highly erroneous interpretations of data."
CatherineScroll, a layer 2 protocol on Ethereum, has seen significant growth recently based on several usage metrics. This is likely related to increased interest driven by Scroll's Origins NFT reward program.
BrianThe renewed application underscores VanEck's dedication to providing a regulated financial instrument designed to enhance accessibility to Bitcoin investments.
Kikyo
