MetaverseNFTCoins.com
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams
No Result
View All Result
MetaverseNFTCoins.com
No Result
View All Result

Coinbase Wallet Rolls Out Support for NFTs

December 15, 2021
in Blockchain
Reading Time: 2 mins read
A A
Coinbase Wallet Rolls Out Support for NFTs
ShareShareShareShareShare

Nasdaq-listed digital currency trading platform Coinbase Global Inc has expanded the support for its self-custody wallet to include Non-Fungible Tokens (NFTs).

As unveiled by the crypto exchange behemoth, the support for the NFT will let users store and control their ERC-721 NFT assets, a move billed to increase the adoption of the exchange’s browser wallet.

Coinbase is one of the most iconic trading platforms that operate as a centralized platform that keeps custody of its user’s keys. However, the evolution of the cryptocurrency industry, which Coinbase represents, has seen the emergence of decentralized platforms which return control of owned assets to users. This control is enabled by a particular type of wallet, which Coinbase now has two versions of an app and a browser extension.

The NFT support via the Coinbase browser wallet will enable users to view the NFT collection associated with their addresses. Coinbase said the wallet in the extension will not immediately have support for the NFT gallery viewing. However, the company may roll out the feature shortly.

While Coinbase did not reveal the exact date the feature will be accessible for all users, the exchange affirmed that its customers will need to have the latest version of the browser extension to access the feature.

The ongoing price correction in the digital currency ecosystem has largely toned down the hype surrounding the NFTs and the budding Web3.0 innovations. Despite this price slump, the emergence and growth in the sales of NFTs have been a defining trend this year, with total sales estimated to top $17.7 billion before the end of the year. 

As a way to tag along with this growth, key players in the cryptocurrency industry, including FTX, Binance, and Coinbase, have been taking the competition directly to NFT marketplace innovators like OpenSea. The NFT support on the browser extension wallet is one step forward in the fight for dominance for Coinbase.

Image source: Shutterstock

Credit: Source link

ShareSendTweetPinShare
Previous Post

Derivatives industry body looks at rules for crypto disruptions

Next Post

Will explore crypto-based smallcase post regulatory clarity: Vasanth Kamath

Next Post
Will explore crypto-based smallcase post regulatory clarity: Vasanth Kamath

Will explore crypto-based smallcase post regulatory clarity: Vasanth Kamath

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

Crypto criminals laundered $540 million using RenBridge, Elliptic says

Crypto criminals laundered $540 million using RenBridge, Elliptic says

August 10, 2022
SEC Recent Crypto Asset Insider Trading

SEC Recent Crypto Asset Insider Trading

August 12, 2022
Losses from crypto hacks surged 60% to $1.9 billion in Jan-July -Chainalysis | The Mighty 790 KFGO

Losses from crypto hacks surged 60% to $1.9 billion in Jan-July -Chainalysis | The Mighty 790 KFGO

August 16, 2022
Chainlink Price is already in the hands of the bulls, Facing $9.4 Level

Chainlink Price is already in the hands of the bulls, Facing $9.4 Level

August 14, 2022
GALA, The World-Leading Web3 Company, Spearhe…

GALA, The World-Leading Web3 Company, Spearhe…

August 10, 2022
MetaverseNFTCoins.com

This is an online news portal that aims to provide the latest NFT news, crypto news, blockchain, regulations, scams, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch.

What’s New Here!

  • Celsius CEO Alex Mashinsky Involves Untimely Trading Prior to Crash: FT
  • Australia: ASIC chair raises concerns about growing rate of risk-negligent ‘crypto’ investors
  • Ripple, SBI Remit Join Hands to Enable Real-Time Payments Between Japan and Thailand  

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - metaversenftcoins.com - All rights reserved!

No Result
View All Result
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams

© 2021 - metaversenftcoins.com - All rights reserved!

  • bitcoinBitcoin (BTC) $ 24,087.00 0.34%
  • ethereumEthereum (ETH) $ 1,901.63 1.23%
  • tetherTether (USDT) $ 0.998966 0.19%
  • usd-coinUSD Coin (USDC) $ 1.00 0.6%
  • bnbBNB (BNB) $ 318.62 0.85%
  • cardanoCardano (ADA) $ 0.572239 3.2%
  • xrpXRP (XRP) $ 0.386756 4.35%
  • binance-usdBinance USD (BUSD) $ 1.00 0.19%
  • solanaSolana (SOL) $ 44.07 2.16%
  • dogecoinDogecoin (DOGE) $ 0.085461 9.45%
  • polkadotPolkadot (DOT) $ 9.00 3.47%
  • shiba-inuShiba Inu (SHIB) $ 0.000016 3.75%
  • staked-etherLido Staked Ether (STETH) $ 1,848.07 0.63%
  • avalanche-2Avalanche (AVAX) $ 27.62 0.86%
  • matic-networkPolygon (MATIC) $ 0.951007 0.59%
  • daiDai (DAI) $ 0.998622 0.16%
  • tronTRON (TRX) $ 0.070314 2.78%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 24,083.00 0.69%
  • ethereum-classicEthereum Classic (ETC) $ 40.75 1.01%
  • okbOKB (OKB) $ 21.46 1.14%
  • leo-tokenLEO Token (LEO) $ 5.40 0.11%
  • litecoinLitecoin (LTC) $ 64.11 6.53%
  • ftx-tokenFTX (FTT) $ 31.03 0.96%
  • nearNEAR Protocol (NEAR) $ 5.36 0.71%
  • chainlinkChainlink (LINK) $ 8.62 0.27%
  • uniswapUniswap (UNI) $ 8.48 1.96%
  • crypto-com-chainCronos (CRO) $ 0.152336 0.37%
  • cosmosCosmos Hub (ATOM) $ 11.66 3.83%
  • stellarStellar (XLM) $ 0.126490 3.54%
  • moneroMonero (XMR) $ 170.42 4.53%
  • flowFlow (FLOW) $ 2.71 0.98%
  • bitcoin-cashBitcoin Cash (BCH) $ 144.52 6.46%
  • algorandAlgorand (ALGO) $ 0.359729 1.2%
  • aerarium-fiAerarium Fi (AERA) $ 7.12 13%
  • vechainVeChain (VET) $ 0.031455 1.03%
  • filecoinFilecoin (FIL) $ 8.68 5.75%
  • internet-computerInternet Computer (ICP) $ 7.97 4.16%
  • apecoinApeCoin (APE) $ 6.36 2.98%
  • decentralandDecentraland (MANA) $ 1.05 1.15%
  • chain-2Chain (XCN) $ 0.085623 1.94%
  • the-sandboxThe Sandbox (SAND) $ 1.30 0.12%
  • tezosTezos (XTZ) $ 1.99 10.28%
  • hedera-hashgraphHedera (HBAR) $ 0.078141 0.42%
  • quant-networkQuant (QNT) $ 121.36 7.71%
  • axie-infinityAxie Infinity (AXS) $ 18.20 0.17%
  • eosEOS (EOS) $ 1.63 29.04%
  • aaveAave (AAVE) $ 110.47 1.35%
  • lido-daoLido DAO (LDO) $ 2.66 0.32%
  • theta-tokenTheta Network (THETA) $ 1.48 0.64%
  • fraxFrax (FRAX) $ 0.990349 0.49%