NFT Marketplace Launches in Beta on Coinbase Exchange
Coinbase Global Inc, a Nasdaq-listed cryptocurrency trading platform, has announced the debut of the Beta version of its Non-Fungible Token (NFT) marketplace, months after announcing plans to launch the service. Coinbase stated at a press conference that the Beta version is only available to a small group of customers who were chosen based on their position on the queue when it was launched for registration last year. Only Ethereum-based collections such as Doodles, Azuki, World of Women (WoW), and Where My Vans Go will be available on the Coinbase NFT marketplace at launch. For a limited period, no costs will be paid, and when fees are charged, they will be in the single digits and competitive with industry standards, according to the trading platform. Growth Strategies for the Non-Financial-Transactions (NFT) Market Coinbase is launching its NFT marketplace well aware that there are dominant competitors in this industry, like OpenSea, Rarible, and LooksRare, among others. Based on this information, Coinbase has designed its marketplace to be much more than a trading platform for digital artworks and collectibles, but also a catalyst for community building. “Were developing a marketplace where you can buy and trade NFTs, but more importantly, you can engage,” said Sanchan Saxena, VP of