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Finance

Blockchain.com to Introduce NFT Marketplace as Interest Booms

The company has opened a waiting list for the new platform, which will allow users to buy, sell and store NFTs.

By Jamie Crawley
AccessTimeIconDec 3, 2021 at 11:25 a.m. UTC
Updated May 11, 2023 at 5:47 p.m. UTC
Blockchain.com CEO: 'Someday We'll Go Public'
Blockchain.com CEO: 'Someday We'll Go Public'

Crypto exchange and digital wallet provider Blockchain.com is developing a marketplace for non-fungible tokens (NFTs).

  • The Luxembourg-headquartered company has opened a waiting list for the new platform, which will allow users to buy, sell and store NFTs.
  • The existing process for buying an NFT is “complex and unintuitive,” Blockchain.com said. The company aims to make it more straightforward and user friendly by adding NFT functionality directly into its wallet.
  • “We want to make accessing the NFT market as easy as accessing the crypto market,” Blockchain.com said in an announcement Thursday.
  • Interest in NFTs has grown this year, with trading volume surging 700% to $10.7 billion in the third quarter, attracting the attention of sports teams, musicians and artists, among others. That popularity could accelerate if exchanges of the size of Blockchain.com, which says it has 70 million wallet users in 200 countries, are able to expand the potential number of purchasers and make the process more intuitive.
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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Jamie Crawley
    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.

    Follow @JamieCrawleyCD on Twitter