Coinbase opens NFT marketplace to all
Coinbase has opened its NFT marketplace, still in the beta version, to the public after testing it with a select group of users in April
NASDAQ-listed global cryptocurrency exchange Coinbase has opened the gates of its much-anticipated NFT marketplace to all. The NFT marketplace is still in its beta version. The announcement of its launch was initially made back in October 2021.
Coinbase had first opened the marketplace to a small invite-only group of users at the end of April. In the debut week of its beta version, the marketplace witnessed over 900 transactions and sales volume amounting to 73 ETH or $210,000.
The Coinbase NFT marketplace has a variety of NFTs from brands and creators to offer its users. Some of the major attractions include Doodles–the colourful line-drawn NFT avatars people use as profile pictures on social media; the NFT collection by actor Bill Murray in collaboration with The Chive that’s rewriting the ways for sharing and telling stories; Boss Beauties–the first NFT artwork collection to be displayed in the halls of NYSE, themed on female empowerment, and many more such gems.
The authenticity of the NFT collections on the marketplace is verified through verification badges. While the marketplace will have a dedicated team to weed out scams and duplicate collections, the marketplace is also depending on the users to report fake collections.
NFTs can be bought on the Coinbase marketplace using a self-custody wallet, a digital wallet for cryptocurrencies and digital assets secured by a private key. The Coinbase NFT marketplace has been designed to be an open-for-all marketplace where users can disconnect their digital wallets at any time they desire and carry their NFTs elsewhere.