{"id":201518,"date":"2021-10-15T02:00:03","date_gmt":"2021-10-15T01:00:03","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=201518"},"modified":"2021-10-14T17:53:27","modified_gmt":"2021-10-14T16:53:27","slug":"coinbase-prepares-to-launch-a-peer-to-peer-marketplace-for-nfts","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/coinbase-prepares-to-launch-a-peer-to-peer-marketplace-for-nfts\/","title":{"rendered":"Coinbase prepares to launch a peer-to-peer marketplace for NFTs"},"content":{"rendered":"<p><a href=\"https:\/\/cryptoslate.com\/companies\/coinbase\/\"><span style=\"font-weight: 400;\">Coinbase<\/span><\/a><span style=\"font-weight: 400;\"> recently <\/span><a href=\"https:\/\/blog.coinbase.com\/coinbase-nft-is-coming-soon-join-the-waitlist-today-for-early-access-cc7bac29fd72\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> the launching of its new peer-to-peer marketplace for non-fungible tokens (<\/span><a href=\"https:\/\/cryptoslate.com\/cryptos\/nft\/\"><span style=\"font-weight: 400;\">NFTs<\/span><\/a><span style=\"font-weight: 400;\">).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The waitlist for early access to Coinbase NFT, which will enable users to mint, buy, sell, showcase and discover NFTs, blew up already on the first day of signups, according to the insiders.<\/span><\/p>\n<h2><strong>Instant user response<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">\u201cWe just announced the upcoming launch of Coinbase NFT. We are getting a LOT of signups &#8211; so grateful for all your interest,\u201d said Sanchan Saxena, product vice president at Coinbase, on Twitter.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe are seeing insane loads on our servers and our team is working hard to get this resolved,\u201d Saxena added, as the user interest overflooded the waitlist.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We just announced the upcoming launch of Coinbase   NFT (<a href=\"https:\/\/t.co\/U1ymWieRT3\">https:\/\/t.co\/U1ymWieRT3<\/a>). We are getting a LOT of signups &#8211; so grateful for all your interest ??.<\/p>\n<p>We are seeing insane loads on our servers and our team is working hard to get this resolved. Check back soon! <a href=\"https:\/\/twitter.com\/hashtag\/Coinbase?src=hash&ref_src=twsrc%5Etfw\">#Coinbase<\/a><\/p>\n<p>&mdash; Sanchan S Saxena (@sanchans) <a href=\"https:\/\/twitter.com\/sanchans\/status\/1447992616910409732?ref_src=twsrc%5Etfw\">October 12, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">There were more than one million signups on the Coinbase NFT waitlist on the first day, <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-14\/coinbase-s-nft-waitlist-tops-one-million-signups-on-first-day?srnd=premium-asia\"><i><span style=\"font-weight: 400;\">Bloomberg<\/span><\/i><\/a><span style=\"font-weight: 400;\"> reported, citing a person familiar with the situation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It wasn\u2019t clear whether some of the signups were duplicates or spam, the person told <\/span><i><span style=\"font-weight: 400;\">Bloomberg<\/span><\/i><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the announcement, \u201cthe initial launch will support Ethereum based ERC-721 and ERC-1155 standards with multi-chain support planned soon after.\u201d\u00a0<\/span><\/p>\n<h2><strong>A new revenue stream<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Coinbase, which is currently mainly reliant on exchange fees, made a strategic move by stepping into the NFT game.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cJust as Coinbase helped millions of people access Bitcoin for the first time in an easy and trusted way \u2014 we want to do the same for the NFTs,\u201d said the cryptocurrency exchange in the announcement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">NFT sales volume <\/span><a href=\"https:\/\/cryptoslate.com\/nft-fever-returns-as-sales-surge-to-10-7-billion-on-ethereum-solana-and-other-blockchains\/\"><span style=\"font-weight: 400;\">surged<\/span><\/a><span style=\"font-weight: 400;\"> to $10,7 billion in the third quarter of 2021, according to DappRadar\u2019s latest blockchain industry report.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe\u2019re making NFTs more accessible by building user-friendly interfaces that put the complexity behind the scenes. We\u2019re adding social features that open new avenues for conversation and discovery. And we\u2019re going to grow the creator community exponentially, a win for artists and for fans,\u201d added Coinbase, ready to diversify its revenue by tapping into the booming market.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase recently announced the launching of its new peer-to-peer marketplace for non-fungible tokens (NFTs). The waitlist for early access to Coinbase NFT, which will enable users to mint, buy, sell, showcase and discover NFTs, blew up already on the first day of signups, according to the insiders. Instant user response \u201cWe just announced the upcoming [&hellip;]<\/p>\n","protected":false},"author":699,"featured_media":199503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,76232],"tags":[76674],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase prepares to launch a peer-to-peer marketplace for NFTs<\/title>\n<meta name=\"description\" content=\"Coinbase recently announced the launching of its new peer-to-peer marketplace for nonfungible tokens (NFTs).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/coinbase-prepares-to-launch-a-peer-to-peer-marketplace-for-nfts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase prepares to launch a peer-to-peer marketplace for NFTs\" \/>\n<meta property=\"og:description\" content=\"Coinbase recently announced the launching of its new peer-to-peer marketplace for nonfungible tokens (NFTs).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/coinbase-prepares-to-launch-a-peer-to-peer-marketplace-for-nfts\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-15T01:00:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-14T16:53:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/09\/coinbase-lending.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ana Grabundzija\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ana Grabundzija\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/coinbase-prepares-to-launch-a-peer-to-peer-marketplace-for-nfts\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/coinbase-prepares-to-launch-a-peer-to-peer-marketplace-for-nfts\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/ana-grabundzija\/#person\",\"name\":\"Ana Grabundzija\",\"url\":\"https:\/\/cryptoslate.com\/author\/ana-grabundzija\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/ana-grabundzija\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/ana-grabundzija\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/05\/cs-author-ana-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/05\/cs-author-ana-300x300.jpg\",\"caption\":\"Ana Grabundzija\"},\"jobTitle\":\"Journalist\",\"description\":\"Dr. Ana Grabundzija is a Zagreb-bred writer with an academic background in anthropology. 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In her Ph.D., she focused on the diffusion and adoption of new technologies. Her research on the spread of technological innovation in ancient societies led to a modern-day fascination with crypto and it\u2019s real-time evolution. She is currently based in Berlin immersed in the vibrant scenes of both Crypto and Techno.","url":"https:\/\/cryptoslate.com\/author\/ana-grabundzija\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/201518"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/699"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=201518"}],"version-history":[{"count":3,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/201518\/revisions"}],"predecessor-version":[{"id":201523,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/201518\/revisions\/201523"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/199503"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=201518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=201518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=201518"},{"taxonomy":"prediction_market_topic","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/prediction_market_topic?post=201518"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=201518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}