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The Daily Hodl
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Coinbase Wallet Adds New Functionality, Allows Users To View Offers on NFT Marketplaces OpenSea and Rarible

by Daily Hodl Staff
July 25, 2022
in Blockchain, NFTs

Coinbase Wallet has rolled out a new update that enables users to directly see offers from two of the leading non-fungible token (NFT) marketplaces on the web.

Coinbase Wallet allows users to buy and store crypto and NFTs in one place, and it also supports thousands of coins, including all ERC-20 tokens. 

The self-custody wallet by US-based crypto exchange Coinbase announced on Twitter that offers made on OpenSea, the largest NFT marketplace, and its community-centric competitor, Rarible, are now viewable on its platform.

?? 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

The announcement comes as Coinbase’s own NFT marketplace saw its highest volume spike to date this month. Data from blockchain research tool Dune Analytics shows that the amount of volume processed by Coinbase NFT is worth $1,156,545 over the last seven days and $4,573,672 since its launch in April.

At time of writing, Coinbase NFT has 10,466 users while leading digital item marketplace OpenSea has 1,997,246. 

In May, Coinbase Wallet also announced that it now supports swaps for the BNB Chain (BNB), Avalanche (AVAX), Ethereum (ETH) and Polygon (MATIC) networks.

Coinbase said that it is also planning to roll out support for network bridging so users can seamlessly move tokens across different networks.

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