Coinbase Launching NFT Marketplace With Social Features to Grow Creator Community ‘Exponentially’

digital cyberspace data network connections scaled

Cryptocurrency exchange Coinbase is launching a peer-to-peer marketplace for non-fungible tokens (NFTs). The Nasdaq-listed company says that “Coinbase NFT” will make “minting, purchasing, showcasing, and discovering NFTs easier than ever.” In addition, Coinbase says, “We’re going to grow the creator community exponentially, a win for artists and for fans.”

Coinbase NFT to Help Grow Creator Community ‘Exponentially’

The Nasdaq-listed cryptocurrency exchange Coinbase announced Tuesday that it is launching a marketplace for non-fungible tokens (NFTs). Sanchan Saxena, VP of Products at Coinbase, wrote:

Today, we’re announcing Coinbase NFT, a peer-to-peer marketplace that will make minting, purchasing, showcasing, and discovering NFTs easier than ever.

“Just as Coinbase helped millions of people access bitcoin for the first time in an easy and trusted way — we want to do the same for the NFTs,” he added.

Coinbase Launching NFT Marketplace With Social Features to Grow Creator Community 'Exponentially'
Screenshot of Coinbase’s NFT system. Source: Coinbase

Coinbase further explained: “All NFTs are on-chain. The initial launch will support Ethereum based ERC-721 and ERC-1155 standards with multi-chain support planned soon after. We’ll provide the best user experience, but we’ll never lock creators in.” Interested users can now sign up for early access.

Noting that “Industries such as fashion, gaming, and music are recognizing the power of NFTs to unlock new forms of creativity and ownership,” the Coinbase VP noted, “If you’ve tried to create or purchase an NFT, you’ve probably found the user experience lacking.”

Coinbase aims to make the process simpler, stating: “We’re making NFTs more accessible by building user-friendly interfaces that put the complexity behind the scenes. We’re adding social features that open new avenues for conversation and discovery.” The VP emphasized:

We’re going to grow the creator community exponentially, a win for artists and for fans.

What do you think about Coinbase launching an NFT marketplace? Let us know in the comments section below.

Link Source

Ronnie Huss

Ronnie Huss

Leave a Reply

Your email address will not be published.

Share:

Share on telegram
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

Related Posts

bitcoin
Bitcoin (BTC) $ 20,002.36
ethereum
Ethereum (ETH) $ 1,355.66
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 284.04
usd-coin
USD Coin (USDC) $ 0.999376
xrp
XRP (XRP) $ 0.491308
binance-usd
Binance USD (BUSD) $ 1.00
cardano
Cardano (ADA) $ 0.428419
solana
Solana (SOL) $ 33.31
dogecoin
Dogecoin (DOGE) $ 0.063363
polkadot
Polkadot (DOT) $ 6.37
shiba-inu
Shiba Inu (SHIB) $ 0.000011
dai
Dai (DAI) $ 0.999218
matic-network
Polygon (MATIC) $ 0.845723
staked-ether
Lido Staked Ether (STETH) $ 1,349.39
tron
TRON (TRX) $ 0.062806
uniswap
Uniswap (UNI) $ 6.95
avalanche-2
Avalanche (AVAX) $ 17.06
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 19,969.80
okb
OKB (OKB) $ 15.73
leo-token
LEO Token (LEO) $ 4.09
litecoin
Litecoin (LTC) $ 53.51
ethereum-classic
Ethereum Classic (ETC) $ 27.74
cosmos
Cosmos Hub (ATOM) $ 12.97
chainlink
Chainlink (LINK) $ 7.64
ftx-token
FTX (FTT) $ 25.19
stellar
Stellar (XLM) $ 0.118702
near
NEAR Protocol (NEAR) $ 3.60
crypto-com-chain
Cronos (CRO) $ 0.109008
monero
Monero (XMR) $ 146.15
algorand
Algorand (ALGO) $ 0.345371
bitcoin-cash
Bitcoin Cash (BCH) $ 118.47
terra-luna
Terra Luna Classic (LUNC) $ 0.000295
quant-network
Quant (QNT) $ 137.19
flow
Flow (FLOW) $ 1.69
vechain
VeChain (VET) $ 0.023306
apecoin
ApeCoin (APE) $ 5.17
filecoin
Filecoin (FIL) $ 5.51
internet-computer
Internet Computer (ICP) $ 6.00
chain-2
Chain (XCN) $ 0.071061
hedera-hashgraph
Hedera (HBAR) $ 0.059175
frax
Frax (FRAX) $ 0.998872
elrond-erd-2
Elrond (EGLD) $ 55.70
tezos
Tezos (XTZ) $ 1.43
the-sandbox
The Sandbox (SAND) $ 0.844409
decentraland
Decentraland (MANA) $ 0.697692
eos
EOS (EOS) $ 1.16
chiliz
Chiliz (CHZ) $ 0.216827
axie-infinity
Axie Infinity (AXS) $ 12.64
aave
Aave (AAVE) $ 77.23