Coinbase Opens NFT Marketplace to All

The crypto exchange has opened the floodgates to its Ethereum-based marketplace after testing the beta version with a select group of users in April.

AccessTimeIconMay 4, 2022 at 5:42 p.m. UTC
Updated May 4, 2022 at 5:51 p.m. UTC
Daniel Alegre
CEO
Yuga Labs
Hear from Yuga Labs new CEO in his first public appearance since assuming the position.
Daniel Alegre
CEO
Yuga Labs
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Hear from Yuga Labs new CEO in his first public appearance since assuming the position.

Eli is a news reporter for CoinDesk. He holds ETH, SOL and AVAX.

Daniel Alegre
CEO
Yuga Labs
Hear from Yuga Labs new CEO in his first public appearance since assuming the position.
Daniel Alegre
CEO
Yuga Labs
Consensus 2023 Logo
Hear from Yuga Labs new CEO in his first public appearance since assuming the position.

Crypto exchange Coinbase (COIN) said Wednesday it has opened the beta version of its non-fungible token (NFT) marketplace to the public.

The exchange unveiled the marketplace to a small group of invited users at the end of April, nearly seven months after announcing its launch in October 2021.

The marketplace saw just 900 transactions and 73 ETH (around $210,000) of sales volume in the debut week of its beta, though Coinbase did not say how many users had been granted access to the platform.

Coinbase NFT will look to take a chunk of market share from the NFT marketplace kingpin OpenSea, debuting with zero-transaction fees for a limited time, the company’s vice president of product, Sanchan Saxena, said last month during a press briefing.

The company says it plans to grow its user base in part with a series of NFT collection partnerships tying back to the platform, one of which is a Bored Ape Yacht Club film trilogy to debut at NFT.NYC in June.

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Eli is a news reporter for CoinDesk. He holds ETH, SOL and AVAX.


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Eli is a news reporter for CoinDesk. He holds ETH, SOL and AVAX.


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