If you’re sad that you did not get early access to Coinbase NFT, your misery shall come to an end! The Coinbase marketplace is officially in beta, and more people can access it to buy and sell their favorite digital assets, for FREE! Coinbase will charge 0% fees for all transactions, at least for now.
Updates on the Coinbase NFT marketplace
Coinbase NFT has been circling the NFT space since last year. As one of the largest crypto exchanges in the world today, having an NFT marketplace is almost compulsory to complete the Coinbase ecosystem. For the past 2 weeks, around 1.5m users had the privilege to enjoy the platform before the beta version went live.
Since the early access went live, some of the members expressed their frustration with the platform. Coinbase assures the community that they are still trying to work things out, and the beta release will allow the community to aid them in the process. The access will follow your position on the waitlist as the company gradually allows more users to enter.
Is it just another NFT marketplace?
With this platform, the company is looking to add drops, minting, and token-gated communities. There will also be an option to buy NFTs with your Coinbase account or a credit card. As the industry progresses, the Coinbase marketplace understands the need to add support for NFTs on other blockchains as well. When the time comes, they will also look to decentralize more features.
Aside from improving the user experience from all aspects, Coinbase is focusing on the social aspect, which sets it apart from other platforms.
Similar to social media platforms, users can curate their personal profiles with the NFTs that tell their stories. Users can connect to any self-custody wallet and choose to display or hide their digital assets. There is even a comment section under each NFT, allowing engagement between collectors and creators.