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Coinbase Opens NFT Marketplace to All
The crypto exchange has opened the floodgates to its Ethereum-based marketplace after testing the beta version with a select group of users in April.
Crypto exchange Coinbase (COIN) said Wednesday it has opened the beta version of its non-fungible token (NFT) marketplace to the public.
The exchange unveiled the marketplace to a small group of invited users at the end of April, nearly seven months after announcing its launch in October 2021.
STORY CONTINUES BELOW
The marketplace saw just 900 transactions and 73 ETH (around $210,000) of sales volume in the debut week of its beta, though Coinbase did not say how many users had been granted access to the platform.
IT’S ALL HAPPENING!
— Coinbase 🛡️ (@coinbase) May 4, 2022
We’re super excited to announce we're opening @Coinbase_NFT Beta up to everyone.
Go set up your new profile now → https://t.co/yBSzpEo7Ar pic.twitter.com/ECjaJhjo60
Coinbase NFT will look to take a chunk of market share from the NFT marketplace kingpin OpenSea, debuting with zero-transaction fees for a limited time, the company’s vice president of product, Sanchan Saxena, said last month during a press briefing.
The company says it plans to grow its user base in part with a series of NFT collection partnerships tying back to the platform, one of which is a Bored Ape Yacht Club film trilogy to debut at NFT.NYC in June.
Read more: Bored Apes Go Hollywood With Coinbase-Produced Movie Trilogy
Eli Tan
Eli was a news reporter for CoinDesk who covered NFTs, gaming and the metaverse. He graduated from St. Olaf College with a degree in English. He holds ETH, SOL, AVAX and a few NFTs above CoinDesk's disclosure threshold of $1000.
