Coinbase Launching NFT Marketplace With Social Features to Grow Creator Community ‘Exponentially’ – Exchanges Bitcoin News
Cryptocurrency exchange Coinbase is launching a peer-to-peer market for non-fungible tokens (NFTs). The Nasdaq-listed firm 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 introduced Tuesday that it’s launching a market for non-fungible tokens (NFTs). Sanchan Saxena, VP of Products at Coinbase, wrote:
Today, we’re saying Coinbase NFT, a peer-to-peer market that may make minting, buying, showcasing, and discovering NFTs simpler 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 additional defined: “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 customers can now join early entry.
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 famous, “If you’ve tried to create or purchase an NFT, you’ve probably found the user experience lacking.”
Coinbase goals to make the method less complicated, 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 emphasised:
We’re going to develop the creator neighborhood exponentially, a win for artists and for followers.
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