{"id":17200,"date":"2023-02-02T11:32:43","date_gmt":"2023-02-02T11:32:43","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/coinbase-pausing-creator-drops-on-its-nft-marketplace\/"},"modified":"2023-02-02T11:32:43","modified_gmt":"2023-02-02T11:32:43","slug":"coinbase-pausing-creator-drops-on-its-nft-marketplace","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/coinbase-pausing-creator-drops-on-its-nft-marketplace\/","title":{"rendered":"Coinbase pausing creator Drops on its NFT marketplace"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675332056032-0cfcaf66-a4e0-4976-9073-995031334386-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675332056032-0cfcaf66-a4e0-4976-9073-995031334386-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675332056032-0cfcaf66-a4e0-4976-9073-995031334386-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675332056032-0cfcaf66-a4e0-4976-9073-995031334386-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>The exchange however maintained that it is not planning to close its NFT marketplace.<\/li>\n<li>It wants to align the exchange\u2019s resources in developing other features.<\/li>\n<li>Coinbase has been struggling with revenue generation.<\/li>\n<\/ul>\n<p>Cryptocurrency exchange <a href=\"https:\/\/coinjournal.net\/exchanges\/coinbase\/\">Coinbase\u00a0<\/a>on Wednesday tweeted that it was pausing creator drops in its NFT Marketplace. The exchange however assured clients that the move is not an overture to the closure of the NFT marketplace.<\/p>\n<p>Coinbase explained that it was doing so to free up resources so that it could focus on other tools and features that creators have requested.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">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. <\/p>\n<p>To be clear:  We are not shutting down the Coinbase NFT marketplace.<\/p>\n<p>\u2014 Coinbase NFT (@Coinbase_NFT) <a href=\"https:\/\/twitter.com\/Coinbase_NFT\/status\/1620863083198705665?ref_src=twsrc%5Etfw\">February 1, 2023<\/a><\/p>\n<\/blockquote>\n<p>Coinbase has been facing a lot of challenges lately. It <a href=\"https:\/\/coinjournal.net\/news\/coinbase-lays-off-950-employees-ceo-says-the-exchange-is-well-capitalized\/\">cut its workforce by 25%<\/a> and <a href=\"https:\/\/coinjournal.net\/news\/coinbase-halts-operations-in-japan-customers-to-withdraw-assets\/\">closed its operations in Japan<\/a>. It also recently got <a href=\"https:\/\/coinjournal.net\/news\/coinbase-fined-e3-3m-by-the-dutch-central-bank\/\">fined in the Netherlands<\/a> for operating there without a licence.<\/p>\n<h2>Jessica Yatronofsky NFT collection<\/h2>\n<p>Coinbase announcement came shortly after one of its NFT partners, Jessica Yatronofsky, announced that her NFT collection would no longer be available on the Coinbase NFT Marketplace. Yatronofsky claimed that she had information that the marketplace would cease to operate as of February; something that is most likely the reason for Coinbase to reiterate it was not closing the Marketplace.<\/p>\n<p>According to Coinbase, the changes will help the development team behind the Coinbase NFT to focus more on improving the platform. A representative from the exchange said that the team will now be able to focus on creating long-lasting solutions to serve its community.<\/p>\n<p>In another <a href=\"https:\/\/twitter.com\/Coinbase_NFT\/status\/1620863084972883968?s=20&amp;t=O8iyn_SQnWJh9WWvP-cG7w\">tweet<\/a>, Coinbase said:<\/p>\n<p><em>\u201cRest assured, our mission for Coinbase NFT hasn\u2019t changed and we remain optimistic about our future as we continue building. We\u2019re excited to find more opportunities to work with creators in the future.\u201d<\/em><\/p>\n<h2>Coinbase COIN share price<\/h2>\n<p>While there is no concrete reason that has been given by Coinbase for pausing the NFT drops, Coinbase share price has been rising over the last few days.<\/p>\n<p>Yesterday COIN closed the market at $65.70, up +7.22 (12.35%). the stock has gained +9.64 (17.20%) in the past five days.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/coinbase-pausing-creator-drops-on-its-nft-marketplace\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) The exchange however maintained that it is not planning to close its NFT marketplace. It wants to align the exchange\u2019s resources in developing other features. Coinbase has been struggling with revenue generation. Cryptocurrency exchange Coinbase\u00a0on Wednesday tweeted that it was pausing creator drops [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":17201,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/17200"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=17200"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/17200\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/17201"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=17200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=17200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=17200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}