Coinbase Engages Content Creators in Anticipated NFT Marketplace

NFT Marketplace

Cryptocurrency exchange Coinbase has met with over 100 content producers to plan the launch of its non-fungible token marketplace.

The announcement, which provided no details on the launch date, notes that the marketplace will have multiple tools and innovations of a kind in the market.

The US crypto exchange says that its offering will be differentiated by having a social function that connects artists and users in a community setup.

The firm’s CEO, Brian Armstrong, expects the NFT market to outperform cryptocurrencies. He adds that his plan is to develop a marketplace that provides immersive experiences akin to social media platforms.

The news follows a DappRadar report that rival NFT marketplace OpenSea recorded a 15% dip from transactions and active users in the past month. The trading volumes have equally dropped by 42.65%.

Source: Twitter

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Read More

Is Bitcoin dying?

Is Bitcoin dying? Speculations are rising, but the future of crypto is always full of surprises. 🌐💰 Media…