Coinbase Wallet, Coinbase’s cryptocurrency storage ecosystem, has released a technology update that makes NFT transactions easy for professionals and beginners. After the news, related altcoin projects gained more than 40% in value.
Coinbase Wallet expands to OpenSea and Rarible
Coinbase Wallet announced on Twitter that it has expanded NFT transactions. This upgrade is designed to make NFT operations smoother and easier to use.
🖼️ Discover an NFT offer you can’t refuse
Offers on @opensea & @rarible are now viewable together on Coinbase Wallet extension! pic.twitter.com/e72POk93LK
— Coinbase Wallet 🛡️ (@CoinbaseWallet) July 22, 2022
As a result, Coinbase Wallet now publishes offers from OpenSea, the largest NFT platforms on the Web3, and its rival, Rarible. Starting today, NFT developers, designers and brokers will be able to control NFT orders placed on two major platforms without leaving their Chrome browser.
It can also seamlessly accept or reject offers through Coinbase Wallet. OpenSea is one of the most popular NFT platforms on Web3. It processes offers and orders from 25,000 to 30,000 users daily. Its smart contracts are deployed on Ethereum (ETH), Solana (SOL), and Polygon network (MATIC) Blockchain.
Rarible (RARI) jumps 40% after the announcement
RARI is the cryptocurrency of the popular NFT platform Rarible. The platform specifically focuses on providing a full-featured marketplace that is filtered using different categories to create a seamless user experience. RARI, which is Rarible’s own token used in transactions, is in 463rd place in terms of market value. In a short time after the news, his earnings in the last 24 hours reached over 40%.
Interest in NFT-focused altcoin projects hits 10-month lows
Rarible, Ethereum (ETH), Tezos (XTZ), and Flow (FLOW) are innovative NFT markets. Meanwhile, the global crypto recession has pushed interest in NFTs to levels not seen since early October 2021.
In the last six months, interest in searches for NFTs has dropped sixfold globally.
Declining interest in NFTs
According to a DEXterlab report on July 21, crypto users are not as interested in NFTs as they were a year ago. DEXterlab conducted a survey in the form of Twitter polls in July to understand the current state of NFT adoption. The research shows how many people who have never bought NFTs want to do so in the future. While 26.6% of respondents said they would consider buying one, 31.7% of crypto enthusiasts claimed they would never buy an NFT.
Also, the results show that 17.1% of individuals purchased their first NFT in 2021 or earlier. However, searches for “NFT” keywords also dropped significantly in 2022. Statistics in particular show that there are more first-time arrivals this year than in 2021. 24.4% of respondents say they purchased their first NFT in 2022. You can follow the NFT news of Kriptokoin.com here.
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