welcome back everybody to altcoin daily where you subscribe for daily videos on everything going on
in cryptocurrency cryptocurrency nfts digitization is only getting bigger think about it we're
entering the dawn of the digital age you're familiar with the industrial age that was huge
you're familiar with the agrarian age both of these ages really changed history and really
presented a lot of opportunity for those who were around and took advantage now maybe you think that
this digital age is moving quickly maybe you think it's moving slowly i believe some days it moves
quickly some days it moves slowly but i believe that we are not at the tipping point yet where
everybody realizes that this is the future we're still in the beginning you know it's drug money
it's a bubble it destroys the environment yet more and more people are opting in and eventually
there's a tipping point and that is what i'm preparing for nfts are going to be huge 2021 was
huge for nfts yet i believe this is just a drop in the bucket i believe nfts are going to get
so much bigger just with coinbase integrating them alone and as you saw if you were subscribed to us
last year that nfts just brought so many people into bitcoin ethereum cardano solana avalanche
elrond polkadot decentraland sandbox or whatever it is nfts brought so many people into crypto if
nfts continue to succeed i believe it's just going to be one of many factors as to why cryptocurrency
is going to succeed i mean bitcoin has value ethereum and open source dap platforms have value
nfts all have individual value and as one of these gets bigger they bring people in to the whole
ecosystem coinbase coinbase's nft platform is going to be huge for nfts and huge for the whole
crypto ecosystem i loved this thread by croissant eth coinbase nft has 3.7 million plus users signed
up to the wait list this number is nearly 3x the amount of wallets having ever interacted with
non-fungible tokens however there's still a lot of info people aren't talking about let's take a look
as to why this is such a huge deal total open seat traders over time looks to be going parabolic and
the trend is definitely in the right direction i believe this is just a drop in the bucket
nfts are still in their early days of adoption if you look at some unchained data you may see stuff
that actually surprises you for instance only about 1.5 million users have ever made a trade
on openc even so this number is actually likely an overestimate as many people have two plus wallets
it's obvious the nft market's a lot smaller than we realize and this is why we're lacking some of
the key infrastructure that will present itself eventually and get a wider use of nfts in the
future security is going to be better low gas fees are going to be better good ux is going
to be better so how does coinbase play into this a few months ago coinbase came out with a
browser extension a wallet extension for eth on their platform it lets users browse apps trade
on dexes and collect nfts as part of a standalone service a competitor to metamask most importantly
it lets users self-custody their crypto assets own their own private keys why is this notable
well let's just take a look at the coinbase nft demo video shared by the dev team quote
you can either sign in with self-custody wallet like metamask or coinbase wallet or you can sign
in using your coinbase credentials buy an nft and then custody it with coinbase they do both watch
this what you see on your screen is the landing page for coinbase nft there's a lot to talk about
in subsequent videos but in this one i would like to focus on how easy it is for anybody to sign in
and get started with coinbase nft when you hit sign in you can either sign in with a self
custody wallet like metamask coinbase wallet or you can sign in using your coinbase credentials
buy any nft and then custody it with coinbase as well i'm going to use coinbase wallet as an
example in this demo and i'll be able to connect very easily using my coinbase wallet credentials
once connected i will be prompted for some basic information first of which would be your username
this is a unique username reserved for you on the platform your email will be used for just
notifications about drops etc and you'll be able to select a profile photo either from your laptop
or a pfp from your wallet as well and your name and bio will be optional once done
you will be prompted to select the nfts that you want to showcase on your coinbase nft profile
here you will see all the nfts you have created or you own and you'll be able to easily uncheck
any nft that you do not want to show up on your coinbase nft profile once done a beautifully
created and curated profile will be created for you and you'll be able to showcase this profile by
sharing it on twitter facebook whatever it might be and bring all your friends back to this profile
that's right users will be able to keep or trade nfts on coinbase just like any other
asset this was largely a feature only fungible tokens could benefit from until now
for the most part the average user does not want to deal with private keys about 15 percent of
bitcoin is on exchanges some people want to deal with private keys they like to own their private
keys some people just want coinbase to custody it cryptocurrency and nfts are the future we need to
cater to both parties now nfts are coming into the mix here and this isn't about how many users
will custody their assets with the exchange either it's about how many people will move on
into self-custody once they feel good about it this will be massive having the option
furthermore coinbase nft isn't just any marketplace it offers characteristics of typical
web 2 social media apps but with the blockchain i could see this acting as a hosting service for nft
creators especially those who want to get their feet wet let's browse and pick the one nft that
i like i like the first one it's 3.78 and it's available for sale clicking on it will take me
to the listings page this is where i can see more details about this nft from who created it
its attributes and more let's hit the buy now button this will bring the checkout
navigation bar from the left hand side this is our attempt at making it super easy for people to buy
using their self-custody wallets you can quickly review your purchase you can select the wallet
you want to use to make that purchase and once you hit the button to confirm this information
you move to the next step hit open wallet and that'll pop open your coinbase wallet in the top
right hand corner of your browser you can verify the transaction in your wallet and hit confirm
this will start the transaction in the background on the blockchain and once confirmed we will
notify you and by the way that nft will show up on your beautiful profile as well
and as always you can go back to the discover feed and continue to find and buy more nft so that's it
that's how easy tl dr coinbase has made a series of announcements and alpha leaks about their nft
platform it appears to offer zero knowledge proof capabilities and will let users custody
their nfts with coinbase or do self-custody this could change the market as we know it drastically
this makes me bullish physical art galleries are now becoming nft art galleries merging the two
worlds music nfts are still at the precipice of adoption we're all familiar with the problem the
music industry takes so much from their artists so why can't musicians get into the nft game
like artists did in 2021 and benefit directly from having a direct relationship with their fans we're
going to see this get even bigger the metaverse continues to integrate with the likes of ledger
other safety products and overall continues to build out integrate and partner money continues
to flow in pudgy penguins ethereum nft collection sold to nets capital for over 2.5 million
regulations are getting cleared up judge dismisses lawsuit against finance for allegedly selling
unregistered crypto securities so i ask you altcoin daily audience are you betting on
cryptocurrency like me are you either huddling buying what are you doing which coins do you like
let me know in the comments below i'll update you on a cryptocurrency that i just invested in ethium
we power 8 billion people around the world with the means to truly own and trade their data if the
metaverse is the future there's a lot of data that needs to be protected and i'm a big proponent of
owning your own data to whatever degree that's why i just invested in ethium i like ethium
check them out for yourself this is an elrond based cryptocurrency
they're cross-chained with a lot of protocols and again let me know which cryptocurrencies
low-cap cryptocurrencies even you like which cryptocurrencies are you buying
attention crypto holders attention crypto traders do you invest in crypto do you trade crypto if
yes i have a major opportunity that i need to clue you into most people in crypto do not know
that they can take advantage of this you should be investing you should be trading with choice
ira app a retirement account trade invest with choice and you pay zero zero capital gains tax
they offer thousands of traditional assets and tons of crypto assets you can buy crypto with
choice you can trade crypto with choice these guys are a proud sponsor of our channel you could hold
your own keys if you want their fees are low and highly competitive the bottom line is if
you think your bitcoin ethereum and cryptocurrency assets are going to be worth a lot of money in the
long term why not put a portion of your stack in the choice app so you won't have to pay any
capital gains tax your future self will thank you take advantage of this use our link and receive 50
in free bitcoin when you set up an account take advantage of this let me know if you did now is
the market bullish or bearish i love kevin swenson's opinion bitcoin market psychology
currently points to us being in disbelief rally aka disbelief of an uptrend i happen to think this
holds a lot of water people can't believe that crypto continues to grind up though of course
there are never guarantees in a market if we fall below this breakout zone we could find ourselves
in denial of a downtrend so we're in a chop solidation mode right now if we stay above i'm
bullish i expect a break of all-time highs if we fall below i expect there might be a
capitulation before eventual all-time highs but it's hard not to bet on the space especially if
if you follow the market every day like we do how could you not be bullish on the space now
prepare yourselves my friends we're about to release a week of awesome interviews with all
sorts of different people ethereum axes bitcoin maxis certain altcoin proponents circuit market
analyzers it's going to be a great week of interviews look forward to
that and i will see those of you who will be in bitcoin miami i will see you there
with that being said let me know your thoughts on nfts i'll see you tomorrow