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 ā€“ 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."

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%

ROB GROWNKOWSKI HOOKING UP WITH TOM BRADY'S NFT VENTURE

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 ā€” 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."

GET FOX BUSINESS ON THE GO BY CLICKING HERE

"The initial launch will support Ethereum based ERC-721 and ERC-1155 standards with multi-chain support planned soon after," Saxena explains. "Weā€™ll provide the best user experience, but weā€™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
Tile [20, 5] - Bring It to Me
20 5
The Scion
A young figure caught in a moment of distraction, aware only ephemerally of his unconscious being, as it engages in psychological and psychedelic layer spaces. His right arm casually cradles a moray eel; the figure is comfortable but not truly aware of the potentials for danger in such negligence. His shirt reads ā€œBelloā€ in Pokemon style font, harkening back to a childhood straddling the millennial threshold. To his right side, out of the unconscious deep, shrouded alien heads propagate as a fractal totem, each new iteration a more sophisticated rendering of emotional masking over the cold mystery of the greys. As the scion of the Budgie-Sattva, the young man, in his distraction, is also simultaneously aware of higher levels of self discovery. To his left a psychological topology sets beneath the oracle side of an 8 ball ,hovering; its message a purest concept of acceptance. The ā€œScionā€ lettering is in 80ā€™s HeMan style bold declaration. The lower right side of the painting is like a hybrid of melon, feathers, and seeds. The crystals in the background bring light; conducted, refracted, reflected, and dispersed, to balance the dark shadow of the figureā€™s physical body. The aura of the scion succeeds in layers to point, with a finger, and the crown chakra, toward a center of a mandala existing as nigh pure application of strokes, in essence painterly abstraction, but also revealing hints of the Aura of migraine, and the bi-hemispherical nature of the brainā€“noting concerns of the possibility of inherited mental disease. Yet the flourish of chakra as it sets against that center is robust, active, coherent, and reveling against all fear. Fundamentally, the piece speaks to the activation of oneā€™s potential to begin to ā€œKnow Thyselfā€, and find greater awareness out of the enigmas of the mindā€“as an inculcated seed given to the rich soil of oneā€™s own birthright.
mint + alien parent
Uh, hi! I'm mint + alien parent. I believe that one day cats will rule this planet. When no one's home, I invite my pals over and we listen to Ace of Base. We can be friends, but keep the ultra purrsonal stuff to yourself, please.
CryptoPunk #8857
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.
#92379
By OthersideDeployer