The long-awaited beta testing debut of Coinbase’s long-awaited NFT platform was revealed today (April 20) in the NFT industry.
Coinbase, the world’s largest crypto exchange, is now allowing a limited number of beta testers into its new NFT marketplace, which was first announced in October.
In spite of the fact that the Coinbase NFT marketplace beta testing is open, the team behind it has declared through Twitter that they would begin with those at the top of their queue and gradually spread access.
Aside from this, they made it clear that those who do get early access may use whatever non-custodial wallet they choose to purchase and sell NFTs, which means that popular NFT wallets like MetaMask and Rainbow will work.
In the last several months, a lot of people have been wondering how Coinbase stacks up against the other major NFT platforms and markets.
It seems that following beta testing and the formal debut, users will be able to create, gather, and communicate in a broad range of ways when the official launch of the platform is complete.
According to Coinbase’s VP of Product, Sanchan Saxena, “in the next weeks and months, we’ll introduce additional features that will gradually bring our vision of a web3 social marketplace to life.”
Customers and credit cardholders will soon be able to acquire NFTs using their Coinbase accounts or credit cards.
Our beta is officially live!
Today we kick things off with a full-access experience for some of our waitlist frens. As we ramp up, everyone can explore the vast collection of NFTs on the first version of Coinbase NFT.
— Coinbase NFT (@Coinbase_NFT) April 20, 2022
Furthermore, according to Saxena, the Coinbase NFT team wants to provide support for NFTs on different chains in the near future, as well as explore additional decentralized features by moving away from Coinbase technology and towards decentralized, long-term solutions.
It was just a few months ago that nft now was fortunate enough to meet with Saxena to discuss the future of Coinbase NFT and what it would imply for the NFT ecosystem in general if the new platform was released.