Coinbase CEO Brian Armstrong said that the company’s nft platform aims to provide a social experience by converging to Instagram rather than eBay.
Brian Armstrong, CEO of Coinbase, the largest crypto asset trading platform in the USA, made a number of statements at the company’s third quarter earnings report meeting. Stating that Coinbase also focuses on NFTs, Armstrong stated that they are excited about NFT.
The company is competing with OpenSea and rival exchange FTX, which has recently launched an NFT marketplace. Platform is expected to launch the NFT platform in the first quarter or the second quarter. Armstrong said on the subject:
He also said he hopes the platform will make NFTs easier to use:
Coinbase, on the other hand, saw a decrease in overall revenue in the third quarter. The company’s total revenue fell from $2.23 billion in the second quarter to $1.31 billion in the third quarter. Transaction revenue fell from $1.93 billion to $1.09 billion.