On April 20, Coinbase, a US-based and Nasdaq-listed crypto exchange, announced the beta launch of a Web3 social marketplace for non-fungible tokens (NFTs) on its Twitter account.
“Today we kick things off with a full-access experience for some of our waitlist friends,” the crypto exchange said in a tweet. On the first edition of Coinbase NFT, anyone can browse the enormous array of NFTs as we ramp up.”
In a blog post on the Coinbase website, Sanchan Saxena, VP of Product, Ecosystem Products, expounded on the project’s details:
In the Web 3.0 marketplace, beta testers will be able to create a Coinbase NFT profile and purchase and sell NFTs with any self-custody wallet, including Coinbase wallets.
Real people that test in a production setting on the same hardware and networks as the final version are known as beta testers.
For a short period, the exchange will not collect transaction fees. However, fees will be added later in accordance with Web3 industry norms, and users will be notified before any changes are made.
Anyone may check out and explore the initial edition of the Coinbase NFT collection on the Ethereum blockchain at the Coinbase NFT website.
Its goal is to create the crypto market a location where makers and collectors can come together to establish and engage their communities.
Since October 2021, Coinbase has been working on the project with assistance from the NFT community.
To read our blog on “To launch beta version of NFT platform, Coinbase unites with 0x protocol” click here.
