logo |

News

    Home   >     Industry    >     Main body

    Coinbase to Launch Its Own NFT Marketplace

    Abstract:Coinbase, a US-listed cryptocurrency exchange, announced on Tuesday the launch of its waiting list for its non-fungible tokens (NFTs) marketplace, Coinbase NFT. According to a press release shared with Finance Magnates, users will be able to mint, purchase, and showcase NFTs.
    coinbase

      Coinbase to Launch Its Own NFT Marketplace

      The new peer-to-peer NFT marketplace will support Ethereum-based ERC-721 and ERC-1155 standards.

      Coinbase, a US-listed cryptocurrency exchange, announced on Tuesday the launch of its waiting list for its non-fungible tokens (NFTs) marketplace, Coinbase NFT. According to a press release shared with Finance Magnates, users will be able to mint, purchase, and showcase NFTs.

      The initial launch will support Ethereum-based ERC-721 and ERC-1155 standards, and Coinbase confirmed it will have multi-chain support in the ‘near future.’

      “NFT artists have shaken up the traditional art world. Industries such as fashion, gaming, and music are recognizing the power of NFTs to unlock new forms of creativity and ownership. (…) 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. And were going to grow the creator community exponentially, a win for artists and for fans,” Sanchan Saxena, VP of Product, Ecosystem at Coinbase, commented on the NFT marketplace.

      That said, Coinbase NFT will be a peer-to-peer marketplace whose filters will be based on the user‘s interests. “People are inherently creative. We create art, express our individuality, build community, and seek meaning. But there’s never been a universal way for creators to own, control, and benefit from their creations, particularly in the digital world,” Saxena added.

      NFT Activity Metrics during Summer 2021

      NFT trading activity had been significantly rising, with skyrocketing numbers seen over the summer, as it had around 280,000 unique buyers and sellers by the end of August, according to metrics collected by Statista.

      The announcement comes weeks after the US-listed crypto company announced that it would add phone support and deploy a series of measures to strengthen its customer support area. Coinbase stated in September that 24/7 phone assistance would be available by the end of the year for all retail customers from the United States, Germany, Japan, and the United Kingdom.

    pasted

    United Arab Emirates Dirham

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United Arab Emirates Dirham
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.