Coinbase follows FTX and Binance in launching NFT marketplace

Major crypto exchange Coinbase (NASDAQ:COIN) has announced that it will be opening a waitlist for a nonfungible marketplace it will launch later this year.

In a Tuesday blog post, Coinbase vice president of product and ecosystem Sanchan Saxena said the nonfungible token, or NFT, marketplace would allow its users to mint, purchase, discover and showcase Ethereum-based tokens. According to Saxena, the offering will allow creators to maintain control of their artwork “through decentralized contracts and metadata transparency,” with all NFTs on-chain.

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