April 21, 2022

Coinbase launches its much-awaited NFT marketplace

The US crypto exchange giant unveiled a beta version of its new NFT marketplace that looks like Instagram. 

The marketplace will support Ethereum-based NFT trading. 

There will be no transaction fees on NFTs on the Coinbase markeplace for a limited time, Sanchan Saxena 

Aiming to create a "web3 social marketplace," the NFT marketplace will allow users to showcase their personal profiles and follow others' account.  

Users will also be allowed to like and comment on each other's posts. 

Coinbase is also planning to partner with NFT artists globally, who will do collection drops on the NFT marketplace. 

With Coinbase entering the NFT marketplace, the crypto community is eager to see how it will compete with OpenSea.