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)

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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
LIZ LEMON
Hi-ya! I'm LIZ LEMON. I'm a Skydiving Instructor by day, and I like swiping right by night. I once got in a fight with a chimpanzee, and won. I hope you like kitten around as much as I do!
The Complete MF Collection
THE COMPLETE MF COLLECTION by Beeple
Genesis
José Delbo sent me his striking pencil sketch and powerful inked work, which I then interpreted in oil on canvas. I wanted to create a very painterly piece with obvious brush marks etc, but I was also aiming for a nostalgic feel, a kind of 1980’s superhero comic book look, the kind I grew up with. My goal with this animation was to try to recreate, in part, the creative process that both artists went through with the visual information I had. I was able to showcase my painting process more accurately as I could take photographs of my progress throughout. Consecutive images could then be layered like brush strokes over José’s drawing to create the impression that this was one continuous artwork from pencil, to ink, to completed painting. The representation of the line sketch at the beginning, then pencil/ink and lastly the paint layers being applied demonstrate both artists’ struggle for the right lines, tone, form, and colour until the work is finally completed. As the oil was still wet with each photograph the glare of my studio lights can be seen in the brush strokes. Eventually, the figure emerges and as it does, our hero comes to life, looking directly at the viewer -- but is he grimacing in approval or disgust? We will never know for sure as just before he can say anything, white paint is brushed across the canvas entirely and the process begins again. Only the bat is quick enough to escape.
Crossroad
LIMITED EDITION 1/1 | includes signed limited edition prints of all 3 states (pre-election, Trump win, Biden win) This piece is a first for Nifty, a token that will change based on the outcome of the election. If anything is constant about the times we now live in, it's uncertainty. This uncertainty is perfectly encapsulated in this piece of artwork as the person buying the piece will not know the final artwork. The artwork will be one state at auction before the election, and after the results of the election are known, will forever change to reflect a Trump or Biden win. PLEASE FUCKING NOTE: If trump wins, this token will change to that video of sexy boi king trump stomping through hell FOREVER. I don’t want you coming back to me bitching that you spent $2M* on this and now it’s a video of orangeman going HAM and it’s keeping u up at night popping mad boners. should have voted bruh. *and stfu that this isn’t gonna be worth a fuckton more when I hit 30 years of everydays and have a permanent collection in the MOMA. smh.
#72471
By OthersideDeployer