A peer-to-peer platform for the Non-Fungible Token will be launched by the Nasdaq-listed company, Coinbase. The Coinbase NFT platform will have the capability to make minting, showcasing, discovering NFTs, and purchasing a lot easier than many available platforms. The firm has also announced to grow the creator community exponentially.
Coinbase NFT platform:
The non-Fungible Token (NFT) market is touching new heights and institutions are investing in this. NFT market with the promise to preserve the art, music, and anything precious and unique, digitally is growing very rapidly. Coinbase, a Nasdaq-listed, company is getting ready to launch an NFT platform with the name “Coinbase NFT platform”. The firm has confirmed the launch of the marketplace yesterday.
Vice president of Products at Coinbase, Sanchan Saxena, announced the launch of the Coinbase NFT platform. He expressed his excitement by saying that firm will provide easy access to the NFT market as it has done previously with Bitcoin. He added:
Today, we’re announcing Coinbase NFT, a peer-to-peer marketplace that will make minting, purchasing, showcasing, and discovering NFTs easier than ever.
Ethereum based ERC-721 and ERC-1155 are supported in the initial launch of the Coinbase NFT platform, which will be further extended to multi-chain support. The firm has claimed to provide the best user experience and told that interested users can now sign up for early access. The platform will have user-friendly interfaces and leave the complexity behind. We’re going to grow the creator community exponentially, a win for artists and fans, explained Coinbase.
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 noted, “If you’ve tried to create or purchase an NFT, you’ve probably found the user experience lacking. Coinbase NFT platform is a big step towards a better future of the NFT market.
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