First announced in October 2021, the highly anticipated Coinbase NFT Marketplace is now live. This platform enables users to create, collect, and trade NFTs while connecting with a community of like-minded enthusiasts. By entering the NFT space, Coinbase joins competitors like Binance and Crypto.com, offering unique social features to enhance user engagement.
Currently in beta, access is invite-only. Waitlist registrants receive a one-time access code via email to sign up.
Key Features of the Coinbase NFT Marketplace
Similar to OpenSea, the Coinbase NFT Marketplace lets users discover, showcase, and purchase digital assets. Below are its standout features:
1. Waitlist & Priority Access
New users can still join the waitlist. Sharing referral links boosts your queue position, though invites may arrive without referrals.
2. Zero Fee Marketplace
Beta participants enjoy 0% platform fees. The marketplace hosts top-tier collections like CryptoPunks, Bored Ape Yacht Club (BAYC), Moonbirds, and Azuki.
3. Social & Discovery Tools
- Profiles: Customize with bios, pictures, and portfolio displays ("Owned" vs. "Created" tabs).
- Interaction: Follow creators, comment on listings (with voting), and like items.
- Feeds: Algorithmic recommendations based on activity.
4. Shopping & Payments
- Discover: Browse NFTs by popularity or niche trends.
- Trending: Weekly volume rankings for top collections.
- Payments: Ethereum-only (Mastercard support planned).
5. Customer Support
Contact support via online forms or phone across multiple time zones.
How to Sign Up for the Coinbase NFT Marketplace
- Join the waitlist.
- Upon invite, visit the Marketplace.
- Enter your access code and connect a wallet (Coinbase Wallet or MetaMask).
- Complete your profile (username, bio, etc.).
Buying & Selling NFTs
- Buy: Navigate to Shop > Buy Now and pay in ETH.
- Sell: Under Created, select NFTs to list (deselect unwanted items).
Future Updates
- Broader access: Public availability post-beta.
- Payment expansion: Mastercard and multi-crypto support.
Early adopters gain a competitive edge, but exploring other NFT marketplaces is recommended while waiting.
FAQ
Q: Is the Coinbase NFT Marketplace free to use?
A: Yes, beta users currently pay 0% fees.
Q: Which wallets are supported?
A: Coinbase Wallet and MetaMask.
Q: Can I sell any NFT here?
A: Only Ethereum-based NFTs are supported for now.
Q: How do I contact support?
A: Via the platform’s online form or phone.
Q: Will other blockchains be added?
A: Yes, future updates may include Solana and Polygon.
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