Blockchain .com prepares to launch beta version of its own NFT market – DiarioBitcoin

Texas could raise funds through NFT and harness 'abundant' energy to mine Bitcoin

Blockchain .com prepares to launch beta version of its own NFT market - DiarioBitcoin By Hannah perez

The company opened a waiting list for users interested in testing the beta version of the NFT market. It says its intention is to facilitate the adoption of NFT.

***

More and more cryptocurrency exchanges are looking to capture a share of the growing market for tokens non-expendable (NFT).

Blockchain.com, a digital currency trading and wallet platform, announced this week that it is working to launch its own NFT market. The new collectibles platform will be powered by OpenSea And it will be available very soon for users in beta version, or test phase.

The company reported the plans in a release in which invited users to sign up for a waiting list to get first access to the market when the beta version is released.

In the coming weeks, you will be able to buy, sell, and store NFT directly within your Blockchain.com wallet.

Blockchain.com seeks its place in the NFT space

In your statement, Blockchain.com indicated that the initiative arises in the face of “growth and excitement”That has seen the NFT space this year. The digital collectibles market has exploded in 2021 reaching celebrities, sports teams and well-known brands such as Adidas, Coca Cola, Gucci, among other. In the last month alone, the NFT market has posted revenue of $ 1.8 billion, according to NonFungible.

However, in the company’s view, this burgeoning industry still faces many difficulties in terms of adoption. “We see many of the same adoption challenges that crypto faced in its early days. Specifically, accessing the NFT market is too complex and not very intuitive“, said Blockchain.com, adding that your mission is to make this interaction easier For the users.

We want to make accessing the NFT market as easy as accessing the crypto market. With Blockchain.com’s NFT Marketplace (in beta), you’ll be able to safely browse, buy, sell, and store NFT without leaving your wallet.

Although an exact launch schedule was not provided, the initial version of the market is expected to go live in the coming weeks. Blockchain.com in the statement.

See also  Metamask and other Ethereum dApps were down for several hours

The news about the development of an NFT market occur the same week that Blockchain.com announced the acquisition of the Argentine cryptocurrency investment platform SeSocio. As reported Daily bitcoin, the agreement is part of the company’s strategy to expand into Latin American countries.

Competition between exchanges heats up

Blockchain.com is the latest cryptocurrency company to venture into the NFT space with plans to launch its own market. Popular exchanges Binance and FTX.US They launched their own NFT markets this year. Too Coinbase is working to launch its platform. Recently, FTX became the first to admit tokens scarce based on Ethereum and Solarium.

Without a doubt, the popularity of the collectibles space could accelerate as these exchanges enter, especially if they build more user-friendly interfaces for the less experienced. Only Blockchain.com claims to have a base of 70 million wallet users in more than 180 countries.

However, for exchanges, this just means that competition between the NFT markets has started to pick up. For example, the exchange Gemini, from the Winklevoss twins, acquired the NFT platform Nifty Gateway in 2019, before the rise of the space, and although it initially captured much of the market’s attention, more recently sales have started to decline as more companies enter the space.

See also  Huesca prepares a generational change

Recommended reading


Sources: Press release, Decrypt, file

Article by Hannah Estefanía Pérez / Daily bitcoin

Image from Unsplash

Leave a Comment

Your email address will not be published.