The announcement of the Coinbase NFT launch was first released in October 2021. Earlier in March, the major US crypto exchange confirmed its plans on Twitter. The platform also allowed users to join the waitlist, which gathered more than 2.5 million people. Today, after 6 months, the Coinbase NFT finally went live in beta.
The first few members of the waitlist can access all the features of Coinbase NFT. The platform invites more and more users over time, based on their position on the waitlist. With this launch, users can now create and collect NFTs by connecting their wallets.
The early users can create a profile on Coinbase NFT to buy and sell NFTs. The platform is also making efforts to allow creators to build and engage with their communities. Additionally, the early birds can also enjoy the NFT transactions free of any charges. However, this offer is valid for a limited period.
The leading crypto exchange platform looks forward to adding more features to the Coinbase NFT. It is building a Web3 social marketplace and allows users to interact within the platform. As a result, users can follow creators, comment on NFTs, upvote or downvote the comments. Coinbase is also planning to add advanced features like the option to buy NFTs with a crypto credit card.
Eventually, Coinbase is planning to decentralize its features by migrating them from Coinbase tech to decentralized solutions. With a large customer base around the globe, Coinbase has the potential to transform the present NFT landscape.