NFT

Coinbase NFT Marketplace Launches New Function To Support AI-generated NFTs

Key Points:

Coinbase NFT Marketplace launches Instamint for AI-generated NFTs.
Beta platform emphasizes community interaction for buying and selling NFTs.
Major exchanges, including Coinbase and Binance, embrace AI integration in a fee-free 2023 shift.

Coinbase NFT Marketplace is elevating its game in the competitive AI space by introducing a cutting-edge feature enabling users to craft NFTs using artificial intelligence.

Coinbase NFT Marketplace Unveils Instamint: Pioneering AI-Generated NFTs

Through the newly launched Coinbase NFT Instamint function, users can now delve into the world of AI-generated NFTs, positioning the platform as a pioneer in this burgeoning field.

As a relatively new player in the NFT arena, Coinbase NFT Marketplace has quickly distinguished itself as a community-centric platform still in beta. Facilitating the buying and selling of NFTs, the platform also serves as a hub for collectors to engage with each other through comments and follows.

For a limited period, Coinbase is offering a fee-free experience for NFT transactions, although users will still incur Ethereum gas fees, covering the cost of recording transactions on the blockchain.

The move towards integrating artificial intelligence into NFT platforms signifies a broader industry trend. In 2023, AI, particularly deep-learning machines like ChatGPT and Dall-E, took center stage, marking a pivotal year for widespread AI integration. Major exchanges like Binance and Coinbase are at the forefront of this shift, leveraging AI to introduce innovative features.

Binance, for instance, introduced Binance Bicasso last year, an AI NFT generator empowering users to create personalized digital art by submitting text or images. This strategic move showcases the industry’s commitment to harnessing the potential of AI, transforming 2023 into the year of AI’s pervasive influence on NFT platforms.

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.