Coinbase NFT is a digital marketplace where users can mint, collect, find, and display their Non-Fungible Tokens (NFTs) in one convenient location^[1].

Overview

Coinbase NFT is also a peer-to-peer marketplace that will make minting, purchasing, showcasing, and discovering NFTs easier than ever. Coinbase NFTs are more accessible by building user-friendly interfaces that put the complexity behind the scenes.

As a peer-to-peer marketplace, Coinbase NFT empowers the imagination with an intuitive design that is built on top of a decentralized marketplace, Coinbase NFT puts the art and artist’s experience at the forefront^[2].

All Coinbase NFTs are on-chain. The initial launch supported Ethereum-based ERC-721 and ERC-1155 standards with multi-chain support planned soon after. Coinbase NFT allows everyone to benefit from their creative spark; to contribute to a future where the “creator economy” isn’t a small subset of the “real” economy, but a central driver.

Coinbase NFT has core features which are buying and selling of Non-fungible tokens. By fostering connections, Coinbase NFT helps creators, collectors, and fans to build community^[3].

Partnership & Trends

Since its October launch, Coinbase has received over 2.5 million emails from people wanting to sign up for the platform^[4].

According to data tracker DappRadar, "the largest extant NFT marketplace, OpenSea, had around 236,000 unique user addresses connected with it in the last 30 days. OpenSea is backed by Coinbase".

To increase predictability, Coinbase has been working to diversify its revenue by courting institutional traders, and offering and looking to offer other services, of which NFT trading is just one. Coinbase NFT will allow its users to mint, collect and trade NFTs. A waitlist is currently available for early access to the platform.