Nasdaq-listed digital currency trading platform, Coinbase Global Inc has unveiled its Non-Fungible Token (NFT) marketplace for digital artists and creators, joining its competing marketplaces including Binance and FTX Derivatives exchange in floating a similar platform. The exchange said the platform will facilitate the buying and selling of digital artworks that are resident on the blockchain in a decentralized manner.
While the NFT metaverse has seen impressive growth in the year-to-date period, there is still a major drawback in terms of user experience for entrants into the marketplace. According to Coinbase, the marketplace is designed with enhanced user-experience features, and it will currently support ERC-721, and ERC-1155 standards with multi-chain support planned soon after.
“We will make it effortless for artists to maintain creative control through decentralized contracts and metadata transparency. All NFTs are on-chain. The initial launch will support Ethereum based ERC-
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