Coinbase has just announced that they will be launching its NFT marketplace in the near future. Today, a Twitter account called Coinbase NFT posted a statement on its official Twitter account that Coinbase has met with more than 100 content creators to work on the launch of their new NFT marketplace.
However, so far, there is no clear date on the official launch. What is clear is that the market will be launched in the near future and will feature some tools and innovations not offered by competitors.
According to Coinbase, what makes their NFT market unique with other competitors is the new “social functionality” feature that Coinbase allows for interaction between artists and users. Not only that, users can create a community to expand the influence of artists/creators.
Brian Armstrong, CEO of Coinbase, recently said that the NFT market has the potential to outperform cryptocurrencies. On that basis, Coinbase is serious about developing markets that offer a better experience in NFT such as social networks Instagram or Facebook.
Coinbase NFT has already received more than 2.5 million registrations from users on the waiting list to join the platform, just 5 months after it was announced.
On the other hand, according to DappRadar statistics, OpenSea, Coinbase NFT’s biggest competitor, has seen a 15% decline in the past 30 days. Turnover decreased by 42.65%. So, while Coinbase has not yet announced a specific date for the launch of the new NFT platform, most likely once it launches, it will attract many artists and users.
