Coinbase to launch its platform for digital collectibles
Coinbase NFT will have a more community approach, focused on the interaction between artists and collectors and will compete with Binance and OpenSea
The cryptocurrency exchange Coinbase will soon launch its own platform for trading digital collectibles, Coinbase NFT, “a P2P market which will make minting, buying, displaying and discovering NFT easier than ever.” It was announced in a statement posted on its official blog.
With this new decision Coinbase enters the non-fungible token (NFT) market with the aim of creating a simple and easy access that allows establishing a “community of creators of digital art” and a database of interested persons in the sector. In addition, they hope be a space for developers, content creators and emerging artists.
The platform is designed in an intuitive way, trying to make the process quite simple for users, with a focus on the interactions between artists and collectors. The exchange guarantees that the creative control of the NFTs “belongs to the creators, just until the moment in which the digital assets are effectively traded, all visible through the blockchain.”
The creators will have a profile that will make it easier for them to show all the NFTs marketed by them, while collectors and fans will observe the gallery of artists’ work, giving greater visibility to both the works and the trajectory of the person in charge.
In principle, the Coinbase NFT will support only the NFTs that operate with the ethereum network, “under the ERC-721 and ERC-1155 standards”. However, they hope to incorporate very soon collectors from other blockchains in order to extend the commercial spectrum with other markets and other networks.
With this platform Coinbase will compete with the exchanges FTX, and Binance and OpenSea, which currently registers the highest volume of commercial operations in this type of assets.
M. Rodríguez
Source: diariobitcoin.com
