- The price of 0x (ZRX) soars to over $1.
- The Coinbase network has collaborated with ZRX to strengthen its NFT marketplace.
- The price of ZRX could soar over 100x.
This aggressive move was noticed when the Coinbase network collaborated with ZRX. This partnership allows Coinbase to use the ZRX blockchain to strengthen its NFT marketplace.
Using the combined technology of Coinbase and ZRX, the marketplace can provide gas efficiency of up to 54% with lower transaction fees. Furthermore, the Coinbase marketplace also aims to enable its users to engage with each other for a healthier community.
This made Sanchan Saxena, Vice President of Product at Coinbase react:
The rise of NFT communities has shown us that the online conversation extends far beyond moments around transactions. We are building a place that is not just about buying and selling. We want Coinbase NFT to be a place that helps creators and collectors build and engage their communities.
On the other hand, Coinbase maintains its position as one of the top 3 exchanges in the market. This is due to investors continuing to support the stock market over time. With all these supporters that Coinbase has, it can be expected that the marketplace can gain more fans and investors as well.
Moreover, the success of the Coinbase marketplace is also the success of the 0x network. Therefore, the ZRX might face mass adoption in the near future. Therefore, the surge in price from 0x to over 100x could happen anytime during this year. But of course, this bullish forecast for ZRX will always depend on the performance and behavior of its investors and supporters in the network.
Will Warren, co-founder and co-CEO of 0x Labs explained:
We are thrilled that Coinbase is using 0x to power its new social marketplace for NFTs and anticipate this launch to unlock a massive wave of new users in the blockchain space. We look forward to seeing many more apps and marketplaces take advantage of the 0x protocol’s NFT exchange feature set and industry-leading gas efficiency in the years to come. to come.
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