Coinbase is a publicly-traded cryptocurrency exchange platform that has about 89 million users, according to the most recent data published on its website.
In October of 2021, the popular crypto exchange announced the launch of a peer-to-peer marketplace for minting, buying, and discovering NFTs along with an invite to join a waitlist that reached 2.5 million. On April 20, 2022, Coinbase launched the marketplace in beta version. It was originally only open to users that registered on the waitlist, but as of May 2022, anyone can now buy and sell NFTs on the platform.
Coinbase NFT describes itself as a “social marketplace powered by web3”. They recently rolled out a number of exciting new enhancements since its original public beta launch. Coinbase NFT has added the following: an NFT “Bulk Manage” feature, a “Liked” tab, the ability to edit list prices, an insights page, and a notification hub. It has also added rarity filters, time-delayed listings, a “Following” feed, and the ability for users to connect up to 10 crypto wallets to a single Coinbase NFT account.
