Coinbase said on Wednesday that the public beta version of its non-fungible token (NFT) marketplace is now available for everyone.
“[W]hat does it mean to be in open beta? It means we’re still working on adding more features to the product, but eager for you to help us build in public,” the company tweeted yesterday.
Last month, Coinbase announced that its NFT marketplace is in beta, and that “a small set of beta testers who’ll be invited based on their position” on the waitlist will be welcomed. However, in the first week of its beta, the NFT marketplace witnessed just 900 transactions and 73 ETH (about $210,000) in sales volume, however, Coinbase did not specify how many users were given access to the site.
Coinbase NFT marketplace’s primary difference, according to the firm, will be a new “social function” that aims to increase the connection between artists and users, allowing them to build an endlessly growing community of creators.
Some teaser images of the marketplace have been revealed that resemble a mix of Instagram and OpenSea. Users may create profiles to display their collections (which others can follow), as well as a discover feed that, according to Coinbase, can suggest NFTs to you “based on what you buy, what’s trending, who you follow, and more.” The upcoming NFT marketplace, as OpenSea and other markets, promotes favouring NFTs.
On January 18, the largest cryptocurrency exchange in the United States announced an important collaboration with a well-known payment firm Mastercard. This event is intended to make it easier for NFT buyers to buy and sell NFTs without owning any cryptocurrency, thereby increasing the popularity of NFT trading even for those who have not yet entered the crypto market.
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