What are the features of the Coinbase NFT platform?

0XXP, BlockBeats

Coinbase's NFT platform attracted millions of users on its first day of signing up, another sign for NFT. Nasdaq's listing platform is about to start supporting NFT trading, which is undoubtedly another global promotion of NFT.

Details of Coinbase's NFT platform were revealed on social media by Sanchan S Sexena, vice president of Coinbase, who said the NFT trading platform will use unofficial servers not controlled by Coinbase to achieve decentralization. There are no lock-in restrictions on NFT transactions, and users can transfer NFT transactions from other platforms to Coinbase NFT, or from Coinbase NFT.

Here's Sanchan S Sexena on Coinbase's NFT platform:

We recently launched the Coinbase NFT marketplace. Thanks a lot to the community for supporting us so much, I'd like to briefly share a few points here and I'll be updating you with more details in the coming weeks.

Open to all creators: Creators from all over the world can enjoy their creativity here. We're building an open marketplace for all creators to create a profile, build a community, or sell their NFT.

Your NFT belongs to you:

As Brian Armstrong pointed out, Coinbase has embraced decentralization. Each NFT will be cast on the chain, and the metadata will be stored on non-CB servers (such as IPFS). From day one, you can put your NFT anywhere without restriction.

Sale of NFT:

If you have already minted your NFT elsewhere, you can easily list it in the CB NFT market. If you wish, you can also cast NFT on CB NFT quickly and easily. Of course, you can sell these NFTS in any other market, and the platform doesn't lock them in.

Inherent sociality:

NFT has become a trend because of the communities involved. We developed this product not just to participate in transactions, but to help build communities, collaborate with their followers, and foster a new trend that goes beyond the transactional.

Buy the way you like:

Collectors will be able to purchase NFT using their preferred self-managed wallet (CB Wallet, Metamask, etc.) or simply log into their Coinbase managed account (and host it on CB after purchase). Of course, it is also possible to buy directly in US dollars.

Single interface for cross-chain NFT:

While we will be laying out the interface on Ethereum first, we hope to build a single interface in the future where collectors can purchase NFT on any chain. Just as you can buy every Crypto on CB today, you can also buy NFT on any chain with CB NFT.

Finally, we want to work with you to develop this product. We will share the latest information and development methods in the development process every week, so that you can get a sneak peek at our latest products.

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