Coinbase NFT Marketplace Live! Otherside soon?
Coinbase NFT marketplace goes live. Yuga Labs new rumors. Cool Cats earning $milk. Deadfellaz signs with UTA and many more.
It would not be 4/20 without any drops, rumors, and surprises.
So, let’s dive in!
Coinbase marketplace is live!
Coinbase NFT marketplace is finally live. People who joined the early waiting list are allowed to enter and secure their account names. The platform looks easy-to-use and rather web2-looking, which is probably the way to go if you want to onboard masses.
Coinbase currently has over 90 million users on their exchange and a bold vision to onboard the next 1 billion people into crypto. They will surely keep the same vision for their NFT marketplace. If only 1% of the current users will buy their first NFT through Coinbase, it is already twice as many people as actively trading on OpenSea. Don’t you think they will all need to get their first PFP?😏
Coinbase believes the platform will become not only the exchange but also a “web3 social marketplace.” And NFT degens already started trolling each other in comments.😂 The fees are temporarily 0%, which is a nice start.
Cats and Pets keep earning $MILK
Cooltopia opened less than a week ago, and the initial experience wasn't the smoothest. Pets dropped to a record low of 0.84 ETH and there was a lot of FUD towards the team. However, the team somehow magically fixed things, redesigned the website, and the community is excited again. $MILK soared over 50% overnight, and one set (cat and pet) currently generates over $100 worth of $MILK/day. The market cap of $MILK is ~$3 million, which is still tiny compared to other popular crypto games such as DeFi Kingdoms ($350 million) or Axie Infinity ($3.57 billion). A ton of potential, so let's see how well the team will be able to execute.🙌 Current floor of Pets 1.6 ETH.
Deadfellaz signs with UTA to grow their brand!
Deadfellaz is the next NFT collection that signs with a major talent agency. Agents typically provide business connections and help build the brand in exchange for a commission. It is no longer anything unusual, and UTA already signed with Larva Labs back in August 2021 to represent them for film, TV, video games, and publishing projects. NFTs are no longer just jpegs, and they are becoming known businesses and brands. Complete list of recent partnerships below👇
- Yuga Labs signed with Guy Oseary - World of Women signed with Guy Oseary - Cool Cats signed with CAA - Coolman Coffeedan signed with CAA - Jenkins the Valet signed with CAA - Deadfellaz signed with UTA - Larva Labs signed with UTA
More rumors about the Otherside
The NFT Twitter is getting ready for the Otherside. The Apes, Mutants, and ApeCoin hit ATH, and every collection mentioned in the teaser experienced higher trading volumes. So what are the new rumors? First, the collections mentioned in the teaser (image below👇) might get an automatic WL. Second, the drop might be more expensive than we expected. While the leaked pitch deck presented 1 ETH per land, the latest rumors suggest the sale might be a Dutch auction starting at 600 $APE (~3 ETH). We will probably see very soon.
Besides Moonbirds and Murakami Flowers, practically all trending NFTs are associated with Yuga Labs and the anticipated Otherside drop.
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Have an awesome day and enjoy 4/20!