Movement to start the NFT exchange is appearing everywhere. Coinbase, a global cryptocurrency exchange, will also launch its own NFT marketplace. Since Coinbase first announced its plan to launch the NFT Marketplace in October last year, more than 3 million people have been on the waiting list. Coinbase’s NFT Marketplace will first be released for U.S. users and plans to expand worldwide in the future. Coinbase previously announced that it will form a partnership with MasterCard to lower entry barriers so that it can buy NFTs with credit and debit cards.
Meta (formerly Facebook) is also one of the companies expected to release NFT Marketplace. Facebook changed its name to Meta last year and said it will invest $10 billion in the metabus sector over the next decade. “NFT will play a big role in the metaverse world,” said CEO Mark Zuckerberg.
Earlier this year, Luxre, which is emerging as OpenSea’s rival, was launched. Luxure drew attention with a transaction amount of $110 million just one day after its launch. OpenSea , the world’s largest NFT trading platform, is not much different from $170 million in transactions on the same day. However, Luxre has recently been criticized for its “bicycle transactions” that increase prices or increase transactions by buying and selling on its own.
Currently, the world’s largest NFT marketplace is OpenSea . According to Dun Analytics, OpenSea monthly transaction amount reached an all-time high of about $5 billion last month. It was about $3.4 billion in August last year. As interest in NFT grows, the volume of transactions is also on the rise.
