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CoinBurp Introduces a ‘Coinbase for NFTs’ Super Wallet

CoinBurp Introduces a ‘Coinbase for NFTs’ Super Wallet
  • CoinBurp (BURP) recently conducted their IEO with KuCoin.
  • They introduced CoinBurp Wallet that includes both DeFi and NFT support.
  • KuCoin shares details on CoinBurp activity with up to 3000 USDT reward pool.

On Friday, CoinBurp ($BURP), the UK-based crypto brokerage, conducted their Initial Exchange Offering (IEO) with KuCoin. More so, CoinBurp introduced a ‘super wallet’ that includes both Decentralized Finance and NFT support, connecting the worlds of CeFi and DeFi.

Notably, the DeFi space has grown to become a $71.3 billion industry during the last few years. However, its user growth has remained steady mainly because of the complexity and literacy. Thus, CoinBurp is launching a ‘super wallet’ to facilitate users to step into the world of DeFi.

In addition to providing a CeFi-to-DeFi bridge, the CoinBurp wallet aims to become the ‘Coinbase for NFTs’ by providing a non-custodial Non-Fungible Token wallet where users can buy their favorite NFT collectibles with fiat. According to CoinBurp, users will also be able to interact with external marketplaces, including Open Sea secondary markets, to purchase NFT collectibles.

On another note, based on a survey conducted by CoinBurp, 33% of the participants said that they were interested in DeFi but found it “too difficult to use”, had “private key anxiety”, or were put off by the “lack of insurance”. In the same survey, it is a surprise that a large majority expressed a demand for NFT and an interest in them as a form of collateral.

Today, KuCoin also shared the details of an activity they initiated in celebration of CoinBurp’s listing.

According to this official announcement, users can win the participation reward and lucky draw reward up to 3,000 USDT.

They further explained that users who create a BURP classic grid and  the total investment ≥ 100 USDT during the activity will win an equal share of a 2,600 USDT reward pool. This is considering they keep it running for more than 24 hours. Full details of the activity are explained on KuCoin’s website.

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Britney is a market analyst who covers stories about the cryptocurrency world. She holds a Business Administration Degree in Finance and aims to let the readers understand crypto from a beginner perspective.