Coinbase Released Its Own NFT Marketplace

A public cryptocurrency exchange with approximately 89 million users, $278 billion in crypto assets, and $547 billion in trading volume. CoinbaseIt is known for being the largest cryptocurrency exchange in the United States. About 6 months ago, Coinbase NFT marketplace gave the good news that it is developing; however, not many details were given about the platform, including when it will arrive.

Today, it was expected and Coinbase has officially introduced the beta mode of its new NFT marketplace with NFT collections on the Ethereum blockchain. Created by Coinbase in hopes of appealing to crypto and mainstream users, and The ‘Instagram’ of the crypto world New details about Coinbase NFT, which we can call it, were also shared.

Coinbase NFT will not charge transaction fees for NFTs in its market for a while

In a press conference by Alex Plutzer, Coinbase NFT’s NFT product lead, To any Ethereum-based collection It was stated that access can be made from Coinbase NFT and more blockchains will be available in the near future. Plutzer on the subject, “This is to help promote the great NFTs on the platform, especially for people unfamiliar with NFTs. [koleksiyonları] in the time we will transfer” recorded as.

However, for a limited time, Coinbase NFT does not charge any transaction fees for NFTs in its market. won’t take specified. In a statement made by Coinbase vice president of product Sanchan Saxena, the fee will increase over time; but this fee is low, a single digit fee will be reported. It was also noted that users can use a Coinbase wallet or any wallet they own to trade NFTs on the platform.

Stating that despite their complexity with Coinbase, they can successfully present cryptocurrencies to large audiences in an understandable way, Saxena said, “We believe we have a similar opportunity for NFTs.” expressed as. On the other hand, Saxena believes that the NFT market is also a “web3 social marketplace” He added that he aims to be an application. Accordingly, Coinbase NFT allows its users to buy and sell the NFTs they own and to engage with creators, collectors, and communities. interaction It is intended to provide the opportunity to establish

Coinbase NFT will be available to anyone over the age of 18 in the coming weeks

Top of Coinbase NFT’s waiting list is where they can become beta testers in their own market and create a profile and trade their NFTs. can display specified. Saxena also announced that the entire platform will be rolled out in the coming weeks. Anyone over the age of 18 He also stated that it will be open.

In addition to all these, any NFT uploaded to the market on the platform, unless it is illegal in the country where it is offered. will not be checked was also underlined. Noting that there are plans to add more features such as NFT drops and minting to Coinbase NFT in the future, Saxena said the ecosystem is for mainstream audiences. be more accessible He also noted that the option to purchase NFT with a Coinbase account or credit card is in question.

Also with global NFT artists who will be doing collectible drops on Coinbase NFT in the near future for the platform to gain more users. cooperation was stated to do so. Saxenna on the subject“Coinbase NFT’s next Bored Ape Yacht Club or an artist or organization platform where it launches You can expect it to happen.” recorded as.