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

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Pending Gerbil #10/23
The #PendingGerbil drew his breath nervously. Fail Dropped Dropped and Replaced There were nothing in this world he feared more. He looked at the chords that crossed the abyss in front of him. They were loaded with pending gerbils, clinging for their life. No open space to be seen. The world machine creaked under the load. As the wheel turned and settled on a new block with a load bang, the chords vibrated, and short shrieks were heard as tired paws lost their grip and the gerbils fell into oblivion. #PendingGerbil closed his eyes, sent a short prayer to @VitalikButerin, and took the leap. Written by: @Werekitty1 Pending Gerbil is a very special collaboration with NonFunGerbils (https://nonfungerbils.com/pendinggerbil)
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Who is Satoshi Nakamoto?
"Who is Satoshi Nakamoto?" is dedicated to the mysterious creation of Bitcoin, and acts as the showcase artwork within Javier Arrés’ exploratory series "Bitcoin, The Origin". "Who is the creator of Bitcoin?" The artist, Arrés, explores this question, and the feelings of doubt and mystery that accompany it, through his unique artistic language. An unknown, an enigma. It should be remembered that the name Satoshi Nakamoto is a pseudonym of Bitcoin's author or authors and gives us little insight into its true creator. For this Visual Toy, Arrés uses the signature claw machine, his famous half-operation, to symbolize our collective ignorance and unconfirmed belief: As soon as it has the stuffed animal within its grasp and appears to have solved the puzzle, the animal escapes again, and again. At present, there are three more public and studied possibilities who are either believed to be the creators of the currency or who directly claim the creation of it. It may be all or none of them, yet these three personalities leave us clues which are an important part of this interesting enigma. For this moment, it will remain unknown... In this artwork, Arrés elevates the claw machine from the apparatus, to an iconic pop art object serving as an important element to the Bitcoin creation narrative. Action is everywhere, with each movement serving an iconographical or metaphorical purpose related directly to cryptocurrency: Various ups and downs, roller coasters, mining points, robot, coins and more speak to a sense of hope, risk, mystery, randomness and possibility of pay out. Hundreds of manically thought out details make this creation one of the artist’s most complex Visual Toys to date. ------- "Bitcoin, The Origin" is a set of two Visual Toys, titled "Who is Satoshi Nakamoto" and "It’s Alive!" which reflect and explore the mystery and enigmas behind the creation of Bitcoin. Arrés presents these proposals to us in his signature style, full of iconography, fantasy, maniacal animations and a panoply of details (both subtle and overt) which simultaneously fascinate, hypnotize, and narrate this historical milestone through the singular vision of the artist. Through this series, Arrés freezes a crucial moment of cryptocurrency history, taking a still photo under his vision and turning it into two unique crypto artworks. ---- More info about Javier Arrés: https://javierarres.com/about.html