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Monday, September 16, 2024

Coinbase Announced Launch Of NFT Marketplace

The first public cryptocurrency exchange has already opened an entry for customers to receive early access to the trading platform of non fungible tokens.

The world’s first public cryptocurrency exchange, Coinbase, has announced the launch of its own non fungible token (NFT) marketplace.

Crypto exchange users will be able to create, sell and buy NFT tokens on the Ethereum blockchain (ERC-721 and ERC-1155 standards). Coinbase plans to add support for other blockchains in the future. From October 12, users can apply for early access to the NFT marketplace.

In April 2021, Coinbase became the world’s first public crypto exchange – it was listed on the NASDAQ (no IPO).

At the peak, the value of the company’s shares reached $ 429.5 per share, then they began to fall in price. As of October 12, the premarket quotation of the first public crypto exchange is $ 249 per share.

In May of this year, Binance, the world’s largest cryptocurrency exchange in terms of trading volume, announced the launch of its own NFT marketplace.

The trading platform for non fungible tokens, Binance, was launched as early as June. Exchange users got access to the marketplace through their accounts. They will also be able to transfer their own NFTs to the site for further sale or auction.

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