Coinbase: Web3 social marketplace for NFTs

Apr 20, 2022 - 18:26
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Coinbase: Web3 social marketplace for NFTs

Well-known cryptocurrency exchange Coinbase has decided to ride on the wave of popularity of Web3 standards and irreplaceable tokens, so it launched a new platform for the exchange of NFT.

The new Coinbase NFT exchange platform announced half a year ago was officially launched this week in beta. The company says that they have been collecting feedback from the community from this announcement so that their platform can be adapted to those who will use it. 

As a result, Coinbase NFT was created, a place where NFTs will be able to buy and sell, but also discover new authors that will connect this community like a social network.

Beta free of charge

In the beta version, which is publicly available, Coinbase NFT already offers a large selection of digital tokens. 

Trading through Coinbase Wallet and other digital wallets was supported, and the company decided not to charge transaction fees in the first place. Once introduced, they will comply with industry standards for Web3, it was announced.

https://twitter.com/Coinbase_NFT/status/1516769926278569985?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1516769926278569985%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.bug.hr%2Finternet%2Fcoinbase-pokrenuo-web3-drustvenu-trznicu-za-nft-e-26799

Beta testers of the new service can create profiles, on a regular social network, enrich them with NFT from their own collection, as well as connect with them all digital wallets they own - so Coinbase NFT has an aspiration to become not only a market but also a gathering place for the global digital community. 

Of course, there are also options for comments, likes, and similar social activities, and over time the capabilities of the platform will be upgraded.

Coinbase has about 89 million users who trade cryptocurrencies worth almost $ 200 billion a month on that platform. They hope that part of that traffic and users will now be transferred to the new NFT platform, where they will also be able to market, but also earn some money. 

Mastercard launches the first payment card with crypto credit

Mastercard has partnered with the company Nexo and, together with the DiPocket platform, is launching the first crypto payment card. It will allow holders to pay on a daily basis without having to sell their digital assets. 

The credit card is covered in cryptocurrencies and gives its holders the liquidity they can use to shop at more than 92 million merchants worldwide: wherever they accept Mastercard cards.