Coinbase Wallet rolls out support for NFTs

Crypto exchange in the United States Coinbase has made further upgrades to its Self-Guard wallet, including the addition of support for ...


Crypto exchange in the United States Coinbase has made further upgrades to its Self-Guard wallet, including the addition of support for non-fungible tokens, or NFTs, in a move that could boost adoption of the browser extension.

The company announced on Tuesday that Coinbase Wallet will soon be able to support NFTs, giving users the ability to view their collections and access major NFT marketplaces like OpenSea. Coinbase did not specify an exact date for the rollout, but users will need to have the latest version of the browser extension installed to access the features.

Looking ahead to 2022, Coinbase said it plans to expand its support for NFTs, as well as make its native decentralized exchange trading feature more accessible and affordable. Coinbase Wallet has a DEX integration feature that allows users to convert their holdings through various decentralized exchanges. As Cointelegraph reported, Coinbase recently unveiled a new standalone browser extension for its wallet which gives users access to a wider range of crypto assets on major DEXs.

Related: Do you have cryptos? Here are 3 software wallets for storage, staking and trading

While the NFT craze has cooled significantly in recent months, the growth of digital collectibles is one of the most defining trends of 2021. Cointelegraph Consulting estimates that total TVN sales are expected to exceed $ 17.7 billion this year. NonFungible Data shows that weekly sales peaked at over $ 1.6 billion in late August.

2021 promises to be a decisive year for TVN. Source: non-fungible

Ranked by total volume, Coinbase is now the second largest cryptocurrency exchange in the world, according to CoinMarketCap. Binance, the world’s largest crypto exchange, already supports an NFT marketplace and in October announced support for multi-chain NFT deposits and withdrawals.