? Coinbase is Introducing NFTs Later This Year

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Coinbase is Introducing NFTs Later This Year

Coinbase, the leading crypto exchange platform, has announced that it will be launching an NFT marketplace that will compete with existing key players in the market.

Dubbed as Coinbase NFT, it will be a peer-to-peer marketplace allowing users to mint, showcase, purchase, and discover NFTs easily.

Initially, the platform will support Ethereum based ERC-721 and ERC-1555 standards and will add multi-chain support to the marketplace soon after the launch.

Coinbase has already opened up a waitlist for the new marketplace, which is set to be launched later this year.

The platform will create personal feeds for users based on their interests and include social media elements.

It would also be the first NFT platform to create a social media-type space for artists and art traders to gather.

OpenSea is the leading player in the market but is far from the only player that Coinbase will have to compete with.

Competitors like Binance, FTX, among others, have also announced entries in the NFT market.

Though Coinbase is launching much later than some of its competitors, its name in the crypto world will likely make it a big launch.

Twitter Making it Easier to Access a Chronological Feed of the Latest Tweets

Twitter is testing a new feature that will make it easy for users to switch across to a reverse-chronological timeline of tweets from the profiles that they follow.

Currently, when you tap on the three-star icon at the top of your feed to change between the Home feed (which arranges tweets for you) or the Newest feed (which displays them in opposite chronological order), a small menu shows up to change to whichever feed you’re no longer on.

For few iOS users, though, when you click on the three-star icon, the platform is testing new Home or Newest tabs at the top of your screen as an alternative.

This new feature by Twitter does really feel like it is going to be an improvement since it can imply fewer taps to modify between feeds and make it easier for users to know at a glance which feeds they are in.

However, it is still unclear if Twitter is planning to roll this test out more broadly and, if this is the case, when that may take place.

CarDekho Raises $250 Million to Drive Past Unicorn Status

CarDekho, an Indian-based online platform that allows users to review, compare, buy and sell new and used cars, has raised $250 million in its latest Series E funding round at a valuation of about $1.2 billion.

The funding round was led by Leapfrog Investments and included participation from Canyon Partners, Mirae Asset, and Harbor Spring Capital. Existing investors Sequoia Capital India and Sunley House also participated in the funding round.

The company will use the funds to accelerate its growth in the used car transactions, financial services, and insurance business.

CarDekho also plans to build robust product and technology functions, increase brand awareness, and expand into new markets.

Currently, CarDekho buys cars from customers in over 100 markets and has a catalog of more than 3,000 certified pre-owned cars for online purchase.

In the future, the company is planning to expand its used car retail transactions business geographically and is set to increase its catalog to 10,000 cars.

Additionally, it plans to expand across India with retail hubs that will focus on both used car buying and certified pre-owned car retail transactions with customers.

China Sees Record Surplus Trade With The U.S. In September

According to data released by the Chinese customs agency, China reported unsatisfactory growth in imports in the month of September; however, the exports surpassed their expectations.

Data from the report showed that the exports increased by 28.1% year-on-year in September to $305.7 billion. This was higher than the expected 21% by analysts polled by Reuters.

On the other side, the imports saw an increase of 17.6% in September from a year ago to $240 billion. However, this is less than the estimated 20% by the Reuters poll.

Based on single-country data, the United States emerged as the largest trade partner of China. The Chinese trade surplus with the U.S. increased to a monthly record of $42 billion as exports climbed by about 30% from a year ago, though the imports increased by just below 17%.

When compared to 2020, the trade numbers of 2021 have been distorted, mainly due to the closing down of factories and shops by the governments to fight the coronavirus pandemic.

However, the export market was reopened in China after the government declared the pandemic was under control in March 2020, whilst their foreign rivals were still facing curbs and restrictions.

Around The Web

? French Startup Jow Raises $20 Million: Jow, a French-based grocery shopping app that simplifies shopping and gives advice on what to eat, has raised $20 million in its latest funding round. The funding was led by Eurazeo and also included participation from existing investors Headline, DST, and Stride.VC.

? Yandex Acquires Israeli E-scooter Company: Yandex, the Russian equivalent of Google, has expanded its mobility footsteps in Israel with the acquisition of a shared e-scooter company, Wind. The financial details of the deal were not disclosed; however, the deal is expected to be completed by the end of this year.


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