13/10/2021 Coinbase launching NFT marketplace

Coinbase launching NFT marketplace

The cryptocurrency exchange says it will 'make minting, purchasing, showcasing and discovering NFTs easier than ever'

Coinbase Global Inc. is on a mission to make it a breeze to create, buy, advertise and learn about nonfungible tokens – and the company aims to do so by starting a new NFTmarketplaceby the end of the year.

Thecryptocurrencyexchange announced Tuesday that it will be rolling out "Coinbase NFT," which it says will be a "peer-to-peer marketplace that will make minting, purchasing, showcasing, and discovering NFTs easier than ever."

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Coinbase Bitcoin

Ä°stanbul, Turkey - February 19, 2018: Close up shot of Bitcoin, Litecoin and Ethereum memorial coins on a black background. Bitcoin, Litecoin and Ethereum are crypto currencies and worldwide payment system(istock / iStock)

Ticker Security Last Change Change %
COIN COINBASE GLOBAL, INC. 249.33 -7.17 -2.80%

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The blog post by Coinbase vice president of product Sanchan Saxena reads, "Just as Coinbase helped millions of people access Bitcoin for the first time in an easy and trusted way — we want to do the same for the NFTs."

NFTs are unique digital tokens that are secured using the same technology behindcryptocurrencies, and the intangible assets have gained in popularity over the past year. They can be works of art, videos, photographs or even memes. But there are far more buyers, so far, than sellers, driving up the price for those seeking to own the tokens either for sentimental or investment reasons.

Part of Coinbase's forthcoming NFT platform is aimed at making it easier for creators to sell their wares, and the exchange makes a direct pitch to artists.

"Creating an NFT should be as simple as tapping a few buttons," the company's announcement states. "Anything more complicated is a barrier to creativity."

"We will make it effortless for artists to maintain creative control through decentralized contracts and metadata transparency," Coinbase vows, saying that "all NFTs are on-chain."

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"The initial launch will support Ethereum based ERC-721 and ERC-1155 standards with multi-chain support planned soon after," Saxena explains. "We’ll provide the best user experience, but we’ll never lock creators in."

The New York Post pointed out that Coinbase's new venture presents a threat to OpenSea, the largest current marketplace for NFTs and backed by billionaire Mark Cuban.

Arts

https://www.foxbusiness.com/markets/coinbase-launching-nft-marketplace

Interesting NFTs
CryptoPunk #3011
The CryptoPunks are 10,000 uniquely generated characters. No two are exactly alike, and each one of them can be officially owned by a single person on the Ethereum blockchain. Originally, they could be claimed for free by anybody with an Ethereum wallet, but all 10,000 were quickly claimed. Now they must be purchased from someone via the marketplace that's also embedded in the blockchain.
Pine Seedlings on the First Rat Day (female diver pleasured by octopuses)
Katsushika Hokusai (1760-1849) Pine Seedlings on the First Rat Day (female diver pleasured by octopuses) 1814 - Japan
ˈSÄ-V(Ə-)RƏN-TĒ
"I'm not smart enough to be an astronaut." That is what 7 year old Rayden told Micah the first time they met. How can a 7-year-old already feel limitations on his dreams? For centuries, the black community has been the target of a system designed to limit their power, their earning potential, their dreams. Now is your opportunity to help destroy the system. For the next 11 years, on each brother's birthday, (Rayden, Aug. 10/ Jacque Nov. 6), you the viewer, will be able to directly contribute Bitcoin to a wallet that will be given to each child upon turning 18. In what is one of the most powerful use cases for Bitcoin, 100% of your contributions and earnings will open all new doors for these special young men.
CryptoKitties
Oh hi! I'm Kitty #430332. My friends describe me as ridiculous and gorgeous. Some people say I'm the Cersei Lannister of the group. I hope you like kitten around as much as I do!
Who Is The Creator 2
The idea for this piece was borne out of a tweet of mine that caused a bit of a stir. I’d posted a link to a blog article I’d written a number of months previous titled ‘Who is the Creator’ discussing various types of creative collaborations and why I hire people to work on my animations. It generated a lot of debate around creation and attribution with the community split on whether it’s right or wrong for an artist to hire other professionals to help them realize their art projects. I decided to push the boundaries even further and see how the cryptoart community responded. What if I quite literally had nothing to do with the physical or digital elements of the work other than coming up with the concept and coordinating it? I decided there was one artist in the space who could add huge value to this idea on levels that none other could and so I gathered my courage and contacted the great JosĂ© Delbo to ask him if he’d be interested in a very unique collaboration. I explained to him that to make this piece ‘work’ he couldn't have any say in what I produced and moreover, he wouldn’t even be allowed to see the animation until it was dropped on MakersPlace. To my surprise, Mr Delbo agreed to my proposal. The animation tells the story of the creative process, which includes my roles as writer, director, and producer working with a team and making edits and changes ‘in real time’. The dialogue between myself and my ‘hired guns’ plays out in front of the viewer. The music written for the piece adds to the nostalgia of the comic book superhero theme but other elements such as the snapping and kicking of the pencil and the signing of my signature at the bottom incorporates further layers and challenges the viewer to ask important questions, such as, is the ‘Art’ the final animation (the creation) or is the ‘Art’ the concept/credit for the creation itself?