Coinbase announces launch of NFT marketplace
Nasdaq-listed bitcoin exchange Coinbase has announced the creation of a platform for non-exchangeable tokens (NFT).
According to the announcement, Coinbase NFT will enable users to issue, buy and display collectible digital assets.
Initially, the marketplace will support Ethereum-based ERC-721 and ERC-1155 tokens. The company plans to add other networks in the future.
Coinbase described the future NFT platform as a "peer-to-peer trading platform".
"Buying and selling will be the core functions of Coinbase NFT. We will have a dynamic, secure marketplace. But we believe we can do much more. We are designing social relationships. By strengthening connections, the platform will help authors, collectors and fans build a community," Coinbase said.
Recall that analysts at financial conglomerate Bank of America were optimistic about the prospects for the NFT sector, while China's state media warned of a potential bubble in the segment.
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