Coinbase will create an NFT marketplace

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Nasdaq-listed Bitcoin exchange Coinbase has announced the creation of a platform for non-fungible tokens (NFT).

According to the statement, Coinbase NFT will give users the ability to issue, buy and display collectible digital assets.

Initially, the marketplace will support Ethereum-based ERC-721 and ERC-1155 tokens. In the future, the company plans to add other networks.

Coinbase described the upcoming NFT platform as a “peer-to-peer marketplace”.

Data: Coinbase.

The company has opened a waiting list for early access to the service.

“Buying and Selling will be the core features of Coinbase NFT. We will have a dynamic, secure marketplace. But we believe we can do much more. We design social relationships. By forging connections, the platform will help creators, collectors and fans build a community, ”Coinbase said.

Earlier, analysts at the financial conglomerate Bank of America were optimistic about the prospects for the NFT sector, and China’s state media warned of a potential bubble in the segment.

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