The Coinbase NFT Marketplace Is Now Open to Everyone

WikiBit 2022-05-05 15:19

The non-fungible token (NFT) marketplace on Coinbase is now open to all customers.

　　The NFT marketplace is still in beta, with the goal of establishing a social platform for buyers and sellers to test and grow a larger community.

　　Coinbase first made the NFT platform available to a limited number of invitees in April.

　　This rollout has occurred earlier than expected, according to Yahoo Finance. According to a Coinbase spokeswoman, the product is ready for higher traffic levels.

　　In a statement, Coinbase said that the company “believes NFTs are here to stay, and the Coinbase marketplace is about much more than just buying and selling.”

　　“Coinbase is focused on cultivating a community and is excited to be opening the beta up for more people to enjoy the experience they have created,” it added.

　　The social interaction elements of Coinbase's NFT marketplace allow users to establish a profile and customise it with the NFTs they have made. Users can also leave comments on NFTs and start conversations with other NFT holders and sellers on the platform, all while exploring what is for sale in the marketplace.

　　Additionally, users can gain followers and discover other collectors and makers.

　　According to Chainalysis, NFTs have grown in popularity and will be worth more than $40 billion by 2021.

　　Coinbase stated that users will not be charged a transaction fee for NFT transactions at first, but that as the company grows, it will begin charging one; nonetheless, the rate will be in the single digits.

　　It went on to say that consumers may buy NFTs with either bitcoins or credit cards.

　　The company intends to provide more information about the marketplace's features in the near future.

　　Only Ethereum-based collections such as Doodles, Azuki, World of Women (WoW), and Where My Vans Go will be available on the Coinbase NFT marketplace at launch.

　　As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!

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