- Coinbase (NASDAQ:COIN) exchange to halt Creator drops from its NFT platforms.
- The platform wants to align its resources to develop other features.
- The marketplace hasn’t been doing well in terms of revenue generation.
The cryptocurrency exchange Coinbase tweeted on Wednesday that it is pausing creator drops from its NFT marketplace. In a statement, the company assured consumers that the change was not a prelude to closing but rather would free up resources to “focus on other features and tools that creators have asked for.”
On its official Twitter account Coinbase NTF, the exchange made the announcement:
We recently shared that we are pausing creator Drops on the NFT marketplace to focus on other features and tools that creators have asked for. To be clear: We are not shutting down the Coinbase NFT marketplace.— Coinbase NFT (@Coinbase_NFT) February 1, 2023
The announcement was made official shortly after Coinbase NFT p ...
The post Coinbase Halts Creator Drops From its NFT Marketplace appeared first on Coin Edition.