Decentralised Finance (DeFi) and more recently Non-Fungible Tokens (NFTs) have dominated the cryptocurrency space for the past few months. Tokenised versions of artworks, music, real estate and even human skin have generated several thousand and in some cases millions of dollars for their creators.
For instance, a pro tennis player recently sold a part of her upper arm as an NFT for over $5,000. In another interesting case, a digital artist, known as ‘Beeple,’ auctioned a tokenised collection of his work for over $69 million, much to the amazement of mainstream media.
But despite the rising popularity of these cryptocurrency offerings, the industry is currently plagued with several bottlenecks. One of the major challenges that new users have to overcome before accessing these offers is the “fiat problem.”
What this means is that potential investors first have to buy their Ethereum on a cryptocurrency exchange and send the Ethereum to another wallet such as METAMASK just to be able to purchase an NFT. This process alone will cost a lot in gas fees, takes a long time and is incredibly non-user friendly for people who are new to crypto... CoinBurp is on a mission to solve this problem.
About CoinBurp
CoinBurp is a London-based blockchain firm that is simplifying access to cryptocurrencies, DeFi, and NFTs. Launched in June 2018, the firm has rapidly grown to become one of the best-reviewed crypto trading platforms in the UK, ahead of the likes of Coinbase.
CoinBurp is currently ranked first on Trustpilot UK and has become an increasingly easy choice for buying and selling cryptocurrencies. One reviewer on Trustpilot can be quoted saying:
“CoinBurp [was] brilliant. This is my first time trading and they helped me through every step of the way. We even had problems with my bank, but they showed patience and understanding. I will certainly use them again.”
That being said, the cryptocurrency trading platform has a high ranking for its speed and simplicity.
Over the years, CoinBurp has built the infrastructure, knowledge base, and partnership to provide a seamless customer experience. On its list of advisors are Iqbal Gandlam, eToro’s former UK CEO, and Sebastien Borget, co-founder of Sandbox.game. The project also has backing from one of the largest blockchain tech accelerators – Outlier Ventures.
One App for Them All
Following the success of its crypto trading app, CoinBurp has made a voyage into the DeFi and NFT space. The company recently announced the alpha launch of its DeFi and NFT wallet app with plans to launch the full app in June, along with the $BURP token.
The CoinBurp DeFi NFT Wallet app has integrated with some prominent NFT marketplaces allowing users to explore and purchase NFT offers directly from the app.
It doubles as a marketplace and as a wallet. At one end, users can shop from several NFT marketplaces from the app, and at the other end, they can store and transfer their assets. The non-custodial NFT wallet will integrate major NFT marketplaces such as OpenSea, with plans to integrate more over time. CoinBurp also have exclusive partnerships with Sandbox.game, Avastars, and NFT Boxes.
In closing, ease-of-use has always been one of the primary hurdles delaying the mainstream adoption of cryptocurrencies. Many blockchain-based solutions have been deployed in this regard, and CoinBurp is taking the right steps to become a future market leader in the industry.
