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Coinbase Opens NFT Marketplace to All
The crypto exchange has opened the floodgates to its Ethereum-based marketplace after testing the beta version with a select group of users in April.
Crypto exchange Coinbase (COIN) said Wednesday it has opened the beta version of its non-fungible token (NFT) marketplace to the public.
The exchange unveiled the marketplace to a small group of invited users at the end of April, nearly seven months after announcing its launch in October 2021.
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The marketplace saw just 900 transactions and 73 ETH (around $210,000) of sales volume in the debut week of its beta, though Coinbase did not say how many users had been granted access to the platform.
IT’S ALL HAPPENING!
— Coinbase 🛡️ (@coinbase) May 4, 2022
We’re super excited to announce we're opening @Coinbase_NFT Beta up to everyone.
Go set up your new profile now → https://t.co/yBSzpEo7Ar pic.twitter.com/ECjaJhjo60
Coinbase NFT will look to take a chunk of market share from the NFT marketplace kingpin OpenSea, debuting with zero-transaction fees for a limited time, the company’s vice president of product, Sanchan Saxena, said last month during a press briefing.
The company says it plans to grow its user base in part with a series of NFT collection partnerships tying back to the platform, one of which is a Bored Ape Yacht Club film trilogy to debut at NFT.NYC in June.
Read more: Bored Apes Go Hollywood With Coinbase-Produced Movie Trilogy
Eli Tan
Eli was a news reporter for CoinDesk who covered NFTs, gaming and the metaverse. He graduated from St. Olaf College with a degree in English. He holds ETH, SOL, AVAX and a few NFTs above CoinDesk's disclosure threshold of $1000.
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