Coinbase’s Big Bet on NFTs Comes at a Terrible Time – Barron’s

coinbase’s-big-bet-on-nfts-comes-at-a-terrible-time-–-barron’s

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https://www.barrons.com/articles/coinbase-coin-crypto-non-fungibletokens-nft-51649179245


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Non-fungible tokens, or NFTs, took the world by storm last year as investors watched a novel type of digital asset —often artwork — changing hands for hundreds of thousands, if not millions, of dollars.

Coinbase Global’s (ticker: COIN) expansion into the space seems like a natural move. After all, the cryptocurrency exchange’s core business is facilitating the trading of other digital assets, like bitcoin and ether, collecting fees in the process. 

With…


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