Cryptocurrency exchange Coinbase announced the launch of “Coinbase NFT”, a peer-to-peer marketplace for the minting, purchasing, showcasing, and discovering non-fungible tokens (NFTs).
The crypto exchange said that it wanted to make NFTs more accessible by building user-friendly interfaces that put the complexity behind the scenes.
Coinbase will be adding social features that open new avenues for conversation and discovery as well as grow the creator community.
The company will enable artists to maintain creative control through decentralised contracts and metadata transparency where all NFTs will be on-chain.
The initial launch will support Ethereum based ERC-721 and ERC-1155 standards with multi-chain support planned soon after.
Users can join the Coinbase NFT waitlist for early access.
Sanchan Saxena, VP of Product, Ecosystem at Coinbase said,
“By fostering connections, Coinbase NFT will help creators, collectors, and fans build community. Based on your interests we’ll curate your personal feed.
Your profile will showcase all your NFTs in one place, helping you connect with like-minded fans or artists. The social element shapes the future by sharing passions, birthing new collaborations, and firing up the imagination.”
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