Coinbase has announced the launch of its non-fungible token marketplace (NFT), which is available in beta version. For the moment, only a handful of users, who were part of the waiting list, can experience its new features.
The new Coinbase NFT marketplace
The American giant Coinbase announced, this Wednesday, that its new marketplace dedicated to non-fungible tokens (NFT) is online. Anyone can go visit it, but only a handful of users who were on the waiting list can experience the new features of the platform.
Before allowing access to everyone, the marketplace will gradually expand the circle of users according to their ranking in this waiting list, which was established this fall.
For the time being, and for a limited period of time, Coinbase has informed that no transaction fees (excluding gas) will be applied to the purchase and sale of NFT. A strategy that consists in a way of a call price to bring people to discover the latest addition to an already very competitive sector.
With this new platform, Coinbase intends to offer the best possible user experience:
“We’ve learned that people don’t just want better tools to buy and sell NFTs: they want better ways to discover them, better ways to find the right communities, and better spaces in which they can feel connected to each other.”
One of the interesting propositions we find is this community dimension, thanks to a commenting system that allows you to express yourself under each item listed for sale. For the rest, the general presentation remains very similar to what we find elsewhere.
If Ethereum (ETH) is currently the only network available, other blockchains will arrive soon, as well as the possibility to pay by credit card directly. Note also that Coinbase allows to connect with any non-custodial wallet and not only their own.
If Coinbase already has a certain notoriety as an exchange, it attacks here a market already well saturated, but whose youth leaves the door open to new value propositions.
While Brian Armstrong’s company sometimes seems to be overtaken by other giants such as Binance or FTX, the NFT sector could perhaps allow it to reshuffle the cards, although the challenge is considerable.