Cryptocurrency exchange Coinbase has officially launched its own marketplace for non-fungible tokens (NFTs), but in beta mode for select users only. The exchange said in a blog announcement that beta testers can create their profiles to buy and sell digital collectibles using any self-custody wallet.
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As part of the beta test, there'll be no transaction fees. However, eventually Coinbase will add fees, which the exchange plans will be "in-line with Web3 industry standards." The exchange added that beta testers are selected depending on their position on waitlist:
"We'll start at the top of the waitlist and open access to more people over time."
In the beta mode, users can follow each other's profiles and start the conversation with comments. The marketplace also has a discover feed, which is planned to be personalized in the future depending on what a user buys, what's trending, and more. Coinbase first opened waitlist for an early access to its marketplace back in October 2021. Initially, the marketplace will support only NFTs based on ERC-721 and ERC-1155 standards with multi-chain support planned soon after.
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