The largest US cryptocurrency exchange, Coinbase, said in a statement that it is preparing to launch “Coinbase NFT”, which will allow its users to sell and buy Ethereum-based digital collectibles.
The company also stated that users can sign up for a waiting list to get early access to this feature.
The company Coinbase went on to say that they are stepping into the NFT market to help everyone tap into their creative spark:
“Coinbase NFT” will make it easier than ever to buy, display and discover NFTs. We make NFTs more accessible by creating intuitive interfaces that put complexity behind the scenes.
Before Coinbase, the latest cryptocurrency exchange to enter the NFT world, another crypto exchange FTX.US also announced the launch of a marketplace for Solana-based NFTs.
In addition, Binance stepped into the world of NFT by creating its market called Binance NFT, which it aims to make “the world’s largest NFT trading platform”.
The company, which did not provide exact details on what the fee structure of “Coinbase NFT” will be, said that users will not have to pay any additional fees other than the fee required to register an NFT on the blockchain to create, list or promote NFTs.
Led by Sanchan Saxena, Coinbase’s VP of Product, “Coinbase NFT” will initially support Ethereum-based NFTs, but plans to expand to other chains soon after launch.