Coinbase has announced that it will be making its own NFT marketplace native to the exchange. The company says that NFTs play an important role in its mission to “increase economic freedom in the world.”
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The new marketplace, called Coinbase NFT, will be a peer-to-peer marketplace that will allow users to mint, purchase, showcase and discover NFTs. The initial launch will support Ethereum based ERC-721 and ERC-1155 smart contract NFT standards. Coinbase plans to add multi-chain support to the marketplace soon after launch.
The marketplace will create personal feeds for users based on interests and include social media-like elements.
This story is developing.
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