Coinbase Wallet Upgrades, Adds NFT Support

Coinbase, a well-known US exchange It has made new upgrades to its self-custody wallet, including adding support for NFT tokens.

The company announced Tuesday that Coinbase Wallet will soon be able to support NFTs, giving users the ability to view their collections and gain access to leading NFT markets such as OpenSea. However, Coinbase did not specify an exact date for the launch. But it says users will need to install the latest version of the browser extension to access this feature.

Looking ahead to 2022, Coinbase says it plans to expand NFT support as well as make decentralized exchange trading features. To make it more accessible and affordable, Coinbase Wallet features DEX support that allows users to convert their holdings through the exchange. Decentralized exchanges Coinbase recently released a new standalone browser extension for its wallet. that allows users to access a wider range of crypto assets on leading DEX

While the NFT craze has declined dramatically over the past several months. But the growth of digital collectibles is one of the most obvious trends this year. Total NFT sales are projected to hit $17.7 billion this year, according to NonFungible.showThat weekly NFT sales peaked in late August at more than $1.6 billion.

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