Coinbase is launching a Creator Hub to facilitate NFT creation

  • Coinbase NFT Creators Center launched.
  • The new Creator Center will help users create, promote and sell NFTs.

Coinbase has been toying with interest in the NFT market after it has struggled to gain traction since its launch in 2022. Having been criticized for Rumors of shutdown In the market, the stock exchange had to go back to the drawing board and come back with something new.

And back I did, with Creator Hub. A suite of new creator tools designed to help users create, promote and sell NFTs while forgetting about them Coinbase NFT’s Market shrinkage.

As if nothing happened

Coinbase NFT introduced the new Creators Center On March 16, 2023, users via a Twitter topic. The new platform will serve as a “one-stop shop” for all Coinbase creation tools that make launching an NFT pool and building a community easier.

Here’s a quick list of what the new Creator Center has to offer:

  • Users can now create NFTs in a simple three-step process. Choose a contract, set your coinage preferences, add a description, price, timing and listing on any market.
  • Track group sales across the top markets on disagreement By setting up an NFT bot.
  • Embed your NFT collection on a website to increase reach and exposure.
  • Create token-gated experiences accessible only to authorized NFT holders.
  • Users can download the list of NFT holders for their group and establish a direct connection with them.

the Coinbase NFT The Creator Hub is undoubtedly an important update for the platform after it announced it was pausing creator creations on the NFT marketplace to “focus on other features.”

Hide wounds

Despite showing optimism about NFTs, the centralized cryptocurrency exchange is seeing dwindling volumes in its market. at the time of publication, Coinbase NFT’s Seven-day trading volume sits at $24,385, compared to open c The 24-hour trading volume of Ethereum is over $12.6 million.

The NFT project on the centralized exchange has struggled to gain popularity since its launch in 2022. Interestingly, the market has generated $5.9 million since its inception.

The NFT market appears to be reaping the absence of its former chief production officer, Surojit Chatterjee, who left the company six months after its launch.

Since Chatterjee’s exit, Coinbase NFT Saw a little user volume and interest.

on the flip side

  • It is important to note that Coinbase NFT is still in beta.
  • Coinbase NFT does not support buying or selling NFT on its app. Instead, it displays cross-platform NFT listings that users can purchase via their Coinbase wallets.

Why should you bother

Coinbase is struggling to compete with competitors like open c And rarely, although there are plenty of resources. The NFT market has been touted on the exchange as the next big thing; However, this statement has not yet come to fruition. New creator tools could revive interest, but only slightly.

Follow up on Coinbase shutdown rumors:

Coinbase NFT says it ‘pauses drops’ amid rumors of imminent shutdown.

Read more about Playboy’s $4.9 million loss:

Playboy loses $4.9 million on ETH received as NFT payments.

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