United States crypto exchange Coinbase has made new upgrades to its cocky-custody wallet, including adding support for nonfungible tokens, or NFTs, in a move that could drive further adoption of its browser extension.

The company announced Tuesday that Coinbase Wallet will soon be able to back up NFTs, giving users the ability to view their collections and access leading NFT marketplaces like OpenSea. Coinbase didn't specify an exact date for the rollout just said users will need to take the latest version of the browser extension installed to access the features.

Looking ahead into 2022, Coinbase said it plans to aggrandize its support for NFTs, as well as make its native decentralized commutation trading feature more accessible and affordable. Coinbase Wallet has a DEX integration feature that allows users to convert their holdings through various decentralized exchanges. Every bit Cointelegraph reported, Coinbase recently unveiled a new standalone browser extension for its wallet that allows users to access a wider assortment of crypto assets on the leading DEXs.

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While NFT mania has cooled significantly in recent months, the growth of digital collectibles is i of the most defining trends of 2022. Cointelegraph Consulting estimates that total NFT sales are expected to pinnacle $17.7 billion this year. Data from NonFungible shows that weekly sales peaked in belatedly August at more than than $1.6 billion.

2021 is shaping up to be a defining year for NFTs. Source: NonFungible

Ranked past total volume, Coinbase is now the world's second-largest cryptocurrency exchange, co-ordinate to CoinMarketCap. Binance, the world's largest crypto exchange, already supports an NFT market place and in October announced support for multi-chain NFT deposits and withdrawals.