Coinbase NFT Marketplace is now open to all users, still in beta

Coinbase Global is opening its non-fungible token (NFT) marketplace to all users, the US cryptocurrency exchange said in a Twitter post on Wednesday, a platform it previously rolled out for some users in the US. .

Coinbase said its NFT marketplace is in beta stage and the company is still working on adding more features to the platform.

First announced in October last year, the platform was opened to a “small number” of users in the United States in April and the company said at the time that more users would added from a waiting list over the next three to five weeks while the platform is tested.

NFTs are a type of digital asset, which uses blockchain technology to record ownership of digital files such as an image, video, or piece of text. The popularity of these assets skyrocketed in 2021, but its growth has shown signs of slowing down lately.

About a week ago, Coinbase first announced the release of a beta version of its non-fungible token (NFT) marketplace for testers. The crypto exchange said it won’t charge any transaction fees on the buying and selling of NFTs during the testing phase. He said users will be notified of the plan to add fees whenever it happens.

Meanwhile, Kraken, another crypto exchange, also recently launched a waitlist for its NFT marketplace. Kraken said users won’t have to pay blockchain network fees for trading NFTs that the company custodians.

Cryptocurrency is an unregulated digital currency, which is not legal tender and is subject to market risk. The information provided in the article is not intended to be and does not constitute financial advice, business advice or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV shall not be liable for any loss resulting from any investment based on any perceived recommendation, forecast or any other information contained in the article.


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button