Coinbase has announced the upcoming launch for their latest NFT marketplace. The popular exchange claims they have a lot in store for all future NFT collectors looking to utilize their platform.
Coinbase Teases Marketplace
Through an official announcement made on Twitter on March 14th, 2022, Coinbase announced that their native NFT marketplace would be launching “Soon.”
Wen Coinbase NFT? Soon.— Coinbase NFT (@Coinbase_NFT) March 14, 2022
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 NFT
In fact, according to the announcement, the exchange has met with over 100 creators throughout the creation of the platform, and is continuing to build based on the feedback they have received from the community.
They also thanked their followers for their patience.
At this time, no official launch date has been stated, however, it is clear that the marketplace is intended to be launched in the near future, and will feature several tools and innovations that make it 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 are currently extreme levels of competition in the NFT marketplace space, as even LimeWire make plans to relaunch as an NFT platform and marketplace.
Why You Should Care
Healthy competition among the NFT marketplaces is beneficial to both collectors and creators as it enables both sides to obtain more exposure among both buyers and the overall NFT market.