$108,389.00
-2.35%$2,540.32
-3.79%$2.33
-3.53%$662.47
-2.92%$177.30
-0.68%$0.999809
0.00%$0.231132
-3.61%$0.762589
-5.01%$0.270565
-1.52%$2,537.42
-3.80%$108,339.00
-2.05%$3.66
-4.64%$33.69
3.69%$3,056.92
-3.59%$15.85
-4.95%$23.74
-4.81%$0.290025
-3.91%$435.58
-1.25%$0.00001458
-3.88%$0.194478
-4.26%$8.79
-1.32%$3.03
-3.93%$97.25
-2.43%$397.72
0.78%$2,537.75
-3.91%$4.66
-5.36%$0.999812
-0.00%$5.52
5.95%$2,714.76
-3.53%$0.0000146
1.50%$1.00
0.24%$0.761694
-7.70%$1.001
0.04%$31.82
0.06%$108,344.00
-2.46%$259.18
1.13%$428.84
-7.80%$6.11
-3.61%$2.88
-6.03%$5.47
-3.81%$213.25
-0.85%$52.40
-0.47%$0.954574
-5.51%$1.00
0.00%$0.096633
-3.51%$18.85
-4.01%$0.109229
-5.90%$5.34
-5.59%$33.42
-7.23%$1.17
0.09%$12.96
-9.92%$21.33
-1.70%$4.81
-6.32%$0.740305
-2.61%$0.02859107
-5.81%$0.876052
0.05%$0.383623
-7.12%$4.93
-5.02%$1.00
0.15%$1.42
-4.87%$0.238444
-4.13%$108,195.00
-1.92%$0.228962
-4.14%$0.400818
-5.77%$1.052
0.01%$2.91
-5.24%$4.41
0.13%$0.00002222
0.54%$2.61
-6.98%$0.575893
-1.99%$0.997326
-0.13%$4.65
-0.82%$0.490643
-6.65%$186.75
-0.63%$2,543.35
-3.69%$1.51
-1.16%$11.42
-0.21%$0.933767
-6.70%$95.09
-2.69%$0.767812
-5.29%$1.99
0.15%$2,656.83
-3.64%$13.20
-5.82%$1.25
-2.55%$0.232864
-3.82%$0.01865969
-3.96%$4.36
-8.19%$0.659477
-6.88%$2,888.51
-3.69%$1.16
1.63%$0.9999
0.02%$0.741101
-1.90%$0.070477
-2.04%$107,967.00
-2.51%$0.806212
-1.74%$0.112344
-6.95%$1,649.32
-5.35%$0.00010441
-4.02%$229.49
-0.84%$3.21
-4.21%$2,699.80
-3.75%$197.19
-0.53%$1.001
0.38%$0.999845
0.03%$0.895973
-6.73%$108,198.00
-2.27%$0.01942199
-6.94%$0.01785952
-6.10%$0.01346459
-5.95%$2,663.80
-3.87%$108,261.00
-3.11%$662.88
-2.82%$1.00
-0.00%$3,359.70
1.68%$0.880886
0.48%$0.215403
-5.93%$0.810538
-5.27%$3,362.67
1.64%$0.882726
-7.99%$0.137541
1.30%$2,651.65
-4.80%$0.316905
-5.05%$47.25
-3.73%$2.35
-5.55%$22.41
-5.25%$37.39
-4.95%$0.561867
-1.48%$4.02
-3.55%$0.00000073
-4.08%$12.53
0.97%$4.36
-4.40%$1.98
-6.84%$107,353.00
-2.60%$0.117045
-3.29%$2.04
-2.46%$0.067541
-13.65%$0.999719
0.01%$0.415245
-4.10%$0.628455
-3.73%$0.997542
-0.02%$111.17
0.02%$0.01900241
-3.58%$2.28
-7.15%$2.02
-1.14%$0.322434
-5.25%$0.231215
-3.73%$1.091
-1.30%$2,539.47
-3.88%$2,537.88
-4.07%$108,382.00
-2.28%$0.544035
-4.47%$0.657164
-6.01%$2,624.52
-4.84%$2,704.79
-3.66%$18.27
-6.89%$0.439778
-4.79%$0.524609
0.85%$0.617669
-9.01%$0.00883266
-8.39%$0.649633
-8.37%$2,537.62
-3.91%$0.0050157
-5.16%$0.160902
-7.40%$0.998508
-0.02%$108,236.00
-2.15%$7.40
-7.00%$0.00000124
-6.10%$0.186919
-1.48%$2.93
-6.09%$0.052116
2.17%$0.09256
-6.48%$6.62
-5.77%$0.712904
-2.70%$1.93
-8.86%$0.099926
-7.85%$0.00002283
-5.07%$0.999812
0.00%$0.1811
-9.28%$103,326.00
-4.44%$0.416269
-5.87%$0.00485978
-8.11%$0.062081
-0.97%$0.167293
2.64%$1.43
-9.32%$0.00000043
-3.84%$0.04469299
-4.43%$1.10
-0.09%$33.56
2.73%$1.56
-7.85%$1.56
-4.29%$0.388519
-1.99%$0.00790229
-3.07%$1.095
0.00%$37.40
-2.12%$1.26
-6.53%$1.001
1.21%$0.166084
-6.84%$0.999272
0.12%$2,535.59
-3.59%$0.00460547
-3.89%$42.69
-4.98%$0.399566
-4.02%$0.999384
-0.02%$2,694.11
-3.67%$0.01938343
-2.18%$33.60
2.91%$3.11
-3.93%$106,451.00
-2.59%$0.810707
-6.98%$0.00411028
0.73%$0.0052617
-7.22%$0.03654006
-5.70%$0.238527
-4.17%$1.00
-0.03%$135.04
-3.96%$108,240.00
-2.43%$2,790.54
-4.04%$0.836705
-4.22%$0.347975
-4.29%$0.366969
-5.42%$0.313099
-6.74%$0.00006274
-5.43%$2,764.77
-4.07%$0.0000016
-1.59%$0.999603
0.20%$23.70
-5.23%$2,537.96
-4.10%$0.228129
-5.11%$0.256537
-3.66%$19.23
-0.82%$0.999687
-0.03%$0.535625
0.94%$0.691105
-4.54%$0.999807
0.01%$18.70
-6.06%$2,543.25
-4.11%$2,749.58
-3.66%$2.74
-6.07%$0.00070277
-3.47%$0.692456
-8.92%$23.94
-4.06%$197.86
-0.64%$192.21
-0.52%$0.00277949
-6.91%$3.45
-5.97%$0.00
-6.97%$28.59
-5.26%$2,177.33
-2.40%Reading
Coinbase stock fell to an all-time low on Friday, just two days after the cryptocurrency exchange launched its long-anticipated NFT marketplace. Shares on Nasdaq slid to $131.14 in after-hours trading, down more than 15% since the marketplace’s beta launch.
The launch, hyped for over a year, failed to reverse Coinbase’s months-long stock slump. Since January, the stock has shed 47.61%. Even in a difficult year for crypto trading, that dwarfs 16.39% YTD losses for Bitcoin and 21.13% for Ethereum.
On Thursday, JPMorgan analyst Kenneth Worthington cut his price target for COIN by 31%, to $258. Explaining the call in a note to clients, he wrote: “The crypto markets are in need of some excitement in terms of new products and/or new use cases to continue to drive the crypto markets to becoming more mainstream, thus driving activity levels.”
It seems, at least for now, that Coinbase’s NFT marketplace has failed to generate much excitement. The platform joins a crowded ecosystem of that includes OpenSea, Rarible, Foundation, SuperRare, LooksRare, and Nifty Gateway, among others. (NFTs are unique blockchain tokens that prove ownership of a digital asset.)
Emily Yang aka pplpleasr never thought she'd be an online celebrity. But in 2021 an NFT version of a digital ad she did for Uniswap sold for $525,000 to a DAO of her fans, and now she's among the most famous NFT artists. She speaks to Dan Roberts and Jeff Roberts about the rise of NFT art, the traditional art world taking it seriously, NFT haters, and which NFT marketplaces can beat OpenSea. Watch and make sure to subscribe to the gm podcast on Apple or Spotify.
Coinbase’s marketplace differentiates itself from competitors' by emphasizing communal experience, encouraging NFT artists and buyers to interact and connect with social features, akin to Instagram. The platform, which aggregates any NFTs for sale on the EthereumEthereum blockchain across marketplaces, is still limited-access and slowly opening to its millions-long waitlist. It does not yet support in-platform NFT minting or other blockchain platforms besides Ethereum, but plans to at an unspecified date.
Coinbase launched its long-awaited NFT marketplace this week and the response was... underwhelming. While news reports took note of its novel Instagram-style design and social media features, much of the coverage was dripping with snark. Bloomberg asked, “Is Coinbase’s new NFT platform the answer to its growth problems?” and cited an analyst who proclaimed the offering is “too little, too late.” The Verge sniffed that the NFT shop is missing key features like minting, and made much of the fact...
The launch, initially planned for late 2021, also comes at a time when the red-hot NFT market of last year appears to be cooling. But despite Coinbase’s late entry to NFTs, the exchange’s bet on community engagement also comes at a time when NFTs have steadily grown in utility, beyond status symbols to community-building tools.
Avalanche shooter Off the Grid has slowly started to shift its player base onto the GUNZ mainnet, where they can trade in-game items for GUN tokens. Even with approximately 0.13% of its player base now able to trade items, the marketplace is heating up, with some items going for thousands of dollars’ worth of crypto. This all comes as the hit battle royale shooter plots its June expansion to PC platform Steam—a marketplace that banned blockchain games from the platform in 2021. That said, Off th...
Four years after attracting $203 million in NFT land sales, Ethereum game Ember Sword has shut down, with developer Bright Star Studios citing a lack of funding required to continue its operations. It's the latest example of a growing trend of crypto games closing up shop. “We were ultimately unable to secure the funding needed to continue,” the game’s official site now reads. “We explored every possible way forward. But in today’s market—where even some of the most promising projects are shutti...
For years, Jennifer Thornton’s career had hummed along a fairly conventional path. A portfolio manager, she spent more than a decade at BlackRock, where her duties included trading risk-off assets like government bonds. But, in 2021, Thornton’s career took a sharp turn—she left her post at the world’s largest asset manager and entered the world of Web3. "There's just a lot of opportunities here," Thornton said of the crypto industry. That's particularly true for women, she added, despite the f...
