Coinbase has announced that it will be opening a waitlist for a NFT marketplace it is set to launch later this year.
Sanchan Saxena vice president of product and ecosystem for Coinbase said the NFT marketplace would allow its users to mint, buy, discover and showcase Ethereum-based tokens. The offering will allow creators to maintain control of their artwork through decentralized contracts and metadata transparency.
The Coinbase announcement comes following crypto exchange FTX and its United States-based subsidiary introducing a marketplace where users are able to trade NFTs cross-chain through the Ethereum and Solana blockchains. With over 68 million verified users, Coinbase’s entry into the NFT industry could be competition for established marketplaces like OpenSea and Rarible
