coinbase-nft.mobirisesite.com Open in urlscan Pro
54.156.16.143  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Embed Instagram Feed
Free Website Creator Mobirise v5.6.8 Easy Website Maker

The site was created with Mobirise Free Website Builder Software

Create Your Website! Remove This Banner


COINBASE NFT 

The long-awaited Coinbase NFT (NASDAQ: COIN) NFT (non-fungible token) platform
is here, at least for a select group of people who have access to the beta site.
Founder and Chief Executive Officer Brian Armstrong has said that NFTs could be
a bigger business than crypto trading eventually, and this is a step in that
direction.

For now, the platform has a limited number of NFT collections, only includes the
Ethereum blockchain, and has limited users. But this could be a major step in
creating a bigger vision of being the central point of digital and financial
identity in cryptocurrency for millions of users.



What we know about Coinbase NFT
Let's start with a few things we know about Coinbase NFT from the company's blog
post.

NFT transactions will be free for a short time and then "market rate," probably
2% to 2.5%.
Users can create a profile with curated NFTs.
There will be a social aspect that allows users to comment on NFTs (think
commenting on an Instagram post) and follow creators and collectors.
Browsing features and trending collections of NFTs.

None of these concepts are new, but Coinbase has put them together in a new
platform that, for now, looks a little easier to use and brings in more social
networking than OpenSea, the current dominant player in NFTs. But it's what the
company is planning long term that could be more interesting.


The future vision for Coinbase NFT
In time, management hopes to build a more fully featured ecosystem, saying:

In the coming weeks and months, we'll add more features that will gradually
bring our vision for a web3 social marketplace to life. We're planning to add
drops, minting, token-gated communities, and the option to buy NFTs with your
Coinbase account or a credit card. We'll also add support for NFTs on multiple
chains. And over time, we intend to decentralize more features by moving them
from Coinbase tech to decentralized solutions.

The key lines to point out here are token-gated communities, minting, Coinbase
account integration, and multichain support. I think Coinbase is building the
platform for NFT communities to be started and stay connected.

Add this functionality to the fact that Coinbase is integrating its trading
platform and self-custody wallet in more ways and has a "Sign In With Coinbase"
platform for developers to use, and this could be the central point of identity
in the future.

Coinbase stock looks like a great buy
As positive as I think this news is for Coinbase Nft , the market doesn't seem
to agree. Shares are down nearly 60% from their high and are bouncing near an
all-time low. The stock even trades for less than 10 times trailing earnings.

Built with ‌

Mobirise