Coinbase cryptocurrency exchange has opened a waiting list for early access to the Coinbase NFT platform. The number of registered users exceeded 1 million, which led to the site malfunctioning.
Coinbase opened a waiting list for the Coinbase NFT platform, which is scheduled to launch at the end of the year. Since the opening of the waiting list on October 12, more than 1 million users have registered on the platform. Yesterday, due to the heavy load on the servers, the site started malfunction.
Initially, Coinbase NFT will only be available in the US, with an international launch planned later. The platform will support the ERC-721 and ERC-1155 token standards on Ethereum, but the team plans to add support for other blockchains in the future.
Coinbase NFT can compete with OpenSea in terms of the number of subscribers. According to DappRadar, the number of active OpenSea users in 30 days was 260,000, and the total amount of transactions they made reaches $ 2.49 million.
Coinbase rivals FTX and Binance recently launched their own NFT marketplaces. Binance NFT launched in June and FTX launched its limited functionality NFT platform last month.
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