Coinbase Makes NFT Marketplace Beta Functionality Available to Everyone

Just two weeks after its launch, cryptocurrency exchange Coinbase has opened the beta version of its NFT trading platform to all potential users.

“What do you mean open beta? It means we are still working on adding new features to the product, but really want you to help us build it,” the company tweeted on Wednesday afternoon.

Up to this point, the marketplace has only been open to a select group of users on a waiting list compiled in October 2021, with a total of 1.5 million people. During the past two weeks, these users have been able to buy or sell NFTs. For everyone else, the site was available only in view mode, it was impossible to trade.

Privileges for NFT Users

“We are creating a marketplace where you can buy and sell NFTs, of course, but more importantly, you can interact,” Sanchan Saxena, Coinbase Product Manager, told a press briefing. “You can interact with the creator. You can interact with the collector. And you can interact with fellow collectors in the community around this NFT. That’s an important part of our strategy.”

In addition to Coinbase, Binance, Okcoin, and FTX exchanges have launched their NFT trading platforms.

Two weeks ago, in a blog post, Coinbase described its future plans for the development of the marketplace:

“We plan to add (in the coming weeks and months) dropshipping, minting, and the ability to buy NFTs with a Coinbase account or credit card. We will also add NFT support on multiple blockchains. And over time, we intend to decentralize even more features by porting them from Coinbase technologies for decentralized solutions.

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