Two cryptocurrency exchange platforms, Coinbase and FTX US are launching their own digital marketplaces for the commercialization of non-fungible tokens (NFTs). The announcements highlight the increasing number of offers in the market and threaten OpenSea’s throne in the NFT marketplace sector.
While NFT prices have been very volatile in the past couple of months, NFT products have been on the rise. More and more mainstream brands and celebrity figures are launching their collections of digital assets.
As the supply of NFT offerings increases, so does the demand for platforms to commercialize them, which has led to the NFT platform launches established cryptocurrency exchanges, such as FTX, Coinbase, and Binance, which launched a marketplace in June.
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