Coinbase has announced plans to make NFT more easily approached for the general public. Although the new NFT platform is not available at this time, Coinbase has launched a waiting list for those who are interested in trying themselves. Among other things, Coinbase says the NFT platform will include social features, centralized shower, and invention features.
Non-fungible (NFTS) tokens are the latest Fad Blockchain; Simply put, the creator can sell content as NFT with their choice of Crypto rewards, providing a unique market for creators and collectors. Like the initial Crypto, NFTS is not easily accessible by the average person who just stirs on the market.
Coinbase aims to help change it with NFT coinbase, which according to the company as a peer-to-peer market is designed to simplify the entire NFT process. The company said that in addition to facilitating minting and showing off NFT, the platform will also allow viewers to find new offers that they might like and buy them.
Coinbase says the NFT platform will have a user friendly UI that hides the complexity of non-fungible tokens “behind the scenes.” The company said Coinbase NFT would facilitate the creator to “maintain creative control” from their content, including with transparency of metadata and decentralized contracts. The initial launch will support the ERC-721 and ERC-1155 standards, both of which are based Ethereum.
Other features will include curative personal feeds, profiles to show off working in centralized ways, and social tools to form a community. Coinbase NFT is not yet available, but the company encourages users to register for initial access. Additional information will be available in the future, although the launch date has not been provided.