Coinbase has announced the launch of their latest NFT marketplace, where they have a lot in store for all future NFT collectors that aim to utilize their platform.
Coinbase (NASDAQ:COIN) Teases the Marketplace
Through an official announcement made on Twitter (NYSE:TWTR) on March 14, 2022, Coinbase announced that they will launch their own native NFT marketplace, “Soon”
Wen Coinbase NFT? Soon.We recently met with 100+ creators and we’re continuing to build the product based on community feedback. We appreciate your patience and can’t wait to show you what we’re cooking up. -Coinbase NFTIn fact, according to the announcement, they met with over 100 creators and are continuing to build the product based on the feedback they have received from the community.— Coinbase NFT (@Coinbase_NFT) March 14, 2022
They also thanked their followers for the patience they have showcased.
However, nowhere within this announcement do they showcase an official launch date. However, it is clear that the marketplace should be launched somewhere within the near future and that it will feature several tools and innovations as a means of enabling it to stand out from the competition.
The main difference, according to Coinbase, will be the new “social function,” which aims to improve the interaction between the artists as well as the users and allow them to create a community of creators which can grow exponentially.
On the Flipside
- There is currently extreme competition within the NFT marketplace space, as even LimeWire is relaunching as an NFT platform and marketplace.
Why You Should Care
Healthy competition within the NFT marketplace sphere is beneficial to both collectors as well as creators, as it enables both sides of the equation to gain higher exposure, either to buyers or to the overall NFT market.
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