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Today in Crypto: Coinbase Bullish on NFTs

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In cryptocurrency news, Coinbase might see another $1.26 billion in revenue from its NFT segment, according to Needham analyst John Todaro, Coindesk wrote Thursday (March 17).

The NFT business from Coinbase hasn’t officially come out, but CEO Brian Armstrong said that during the earnings call, the market has been ripe.

Todaro’s scenario would have the Coinbase NFT platform with fees at 2.5%, volume of $1.5 billion and annual revenue of $450 million.

Meanwhile, cryptocurrency industry insiders donated $7.3 million to political campaigns and committees in 2021 through the end of January, but almost all of that money came in dollars — cash, checks and credit cards — rather than in bitcoin or one of the other token types, Bloomberg reported Thursday.

Federal Election Commission records show $580,000 in crypto donations to political committees during the current election cycle, which runs through the midterm elections in November. A handful of super PAC donations comprised the lion’s share of that total, the report said.

Cryptocurrency donations have been allowed in politics…

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