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Payments giant Mastercard has partnered with cryptocurrency and fintech platforms Amber Group, Bitkub, and CoinJar to launch cryptocurrency payment cards in Asia Pacific. The cards will convert cryptoassets into fiat currency at the time of sale and can be used anywhere Mastercard is accepted.
Nasdaq-listed cryptocurrency exchange, Coinbase, has reported third quarter earnings of $406 million, a figure that represents a 500% increase over the third quarter of 2020, but a significant drop from its $1.6 billion income reported in Q2.
The founder and CEO of Discord, Jason Citron, has hinted that the popular chat app could integrate Ethereum wallets onto its platform. In a tweet, Citron posted a screenshot showing Discord connecting to Ethereum and said it’s “probably nothing.”
This week we are taking a look at the different NFT marketplaces and platforms that have risen to prominence over the last 9 months. From OpenSea to Rarible, SuperRare and everything in-between. This segment is brought to you in partnership with NFT data and discovery platform Masterpiece.
Sponsored: Buy bitcoin and 100+ cryptocurrencies with 20+ fiat currencies. New users can enjoy 0% credit/debit card fees on all crypto purchases made in their first 30 days. Join 10 million users and download the Crypto.com App now.
Top stories in the Crypto Roundup today:
- Mastercard Launches Crypto Payment Cards in Asia Pacific
- Coinbase Reports $400 Million Earnings in Q3
- Discord CEO Hints at Ethereum Wallet Integration
- NFT Spotlight: The Top NFT Marketplaces
- Sponsored: Crypto.com - The World’s Fastest Growing Crypto App
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Mastercard Launches Crypto Payment Cards in Asia Pacific
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Payments giant Mastercard has partnered with cryptocurrency and fintech platforms Amber Group, Bitkub, and CoinJar to launch cryptocurrency payment cards in Asia Pacific. The cards will convert cryptoassets into fiat currency at the time of sale and can be used anywhere Mastercard is accepted.
The initiative is part of the firm’s global crypto card program, which is looking to support cryptoassets as payment tools. The move could see Mastercard boost payments volume by tapping into cryptocurrency demand in the region, as the firm’s New Payment Index shows that 45% of consumers in Asia Pacific plan to use cryptos next year.
Younger consumers in particular have shown interest in cryptoassets, with 71% saying they were more open to using them than they were a year ago. Mastercard’s new crypto payment card could better serve consumers in the region.
Mastercard may also gain a foothold in the cryptocurrency payments space by taking advantage of the already-existing solutions created by fintech platforms like CoinJar.
In February of this year, Mastercard said it would integrate select cryptoassets on its network, and has already launched a crypto payment settlement pilot along with a blockchain startup engagement program.
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Coinbase Reports $400 Million Earnings in Q3
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Nasdaq-listed cryptocurrency exchange, Coinbase, has reported third quarter earnings of $406 million, a figure that represents a 500% increase over the third quarter of 2020, but a significant drop from its $1.6 billion income reported in Q2.
Coinbase CFO Alesia Haas noted that trading volume across the entire crypto spot market declined over Q3, hinting that the drop wasn’t specific to the exchange, which has been listing new tokens more often than before.
In Q3, BTC and ETH no longer represented the majority of Coinbase’s trading volume or transaction revenue, with other cryptoassets accounting for 59% of its trading volume and 57% of its transaction revenue.
The exchange has added several cryptoassets over the last quarter, including Dogecoin knockoff Shiba Inu, which saw its price explode over a retail trading frenzy. Haas detailed the firm doesn’t know which assets customers will adopt, so its strategy “supports all legal assets.”
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Discord CEO Hints at Ethereum Wallet Integration
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The founder and CEO of Discord, Jason Citron, has hinted that the popular chat app could integrate Ethereum wallets onto its platform. In a tweet, Citron posted a screenshot showing Discord connecting to Ethereum and said it’s “probably nothing.”
If Ethereum is successfully integrated into Discord, it’s likely the app’s millions of users will be able to seamlessly send each other crypto, with the platform potentially monetizing the offering through transaction fees generated from a native token swap feature.
In August, Discord ran a survey asking users about a “Discord-native crypto wallet,” which would integrate a cryptocurrency wallet into every Discord account.
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NFT Spotlight: The Top NFT Marketplaces
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There are many different platforms and marketplaces that allow users to discover, trade, sell and purchase different NFT collections. Some of the most popular platforms this year include OpenSea, Rarible, SuperRare and KnownOrigin - each of which caters to its own different niche.
- OpenSea is a peer-to-peer marketplace for NFT collections, rare digital items and crypto collectables. It has arguably become the most popular NFT marketplace.
- Rarible, like OpenSea, is a peer-to-peer marketplace that allows creators to purchase and sell NFTs. However, unlike OpenSea, Rarible also allows users to “mint” - or create - their own NFTs via the platform.
- SuperRare is an NFT marketplace that is dedicated to single-edition digital artworks, most of which are sold via an auction system.
- KnownOrigin is an artist-driven platform that makes it easy for digital creators to authenticate, showcase and sell the artwork & collectables they produce. To list your art on this platform, you have to apply via an artist application form.
The top 5 platforms in the last seven days alone have seen over 30,000 sales equating to more than $60M. To put this into perspective, back in 2018, $473,000 was traded over the course of the whole year - as a result, it is fair to say that the NFT market has seen staggering growth this year. (Note the volume pictured below is based on where the NFT was minted.)
Over the last 30 days, each of these platforms has seen substantial sales. Just 3 days ago, XCOPY’s A Coin For The Ferryman, sold on SuperRare for 1,330 ETH ($6,128,240) - a record sale for the platform.
XCOPY’s also holds the crown for the largest sale in the last 30 days on OpenSea, with his Last Selfie selling for 165 ETH ($763,394).
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Crypto.com - The World’s Fastest Growing Crypto App
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Buy bitcoin and 100+ cryptocurrencies with 20+ fiat currencies. New users can enjoy 0% credit/debit card fees on all crypto purchases made in their first 30 days. Join 10 million users and download the Crypto.com App now.
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State of the Crypto by Top Tier Exchange Volume
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