Last year we announced Coinbase NFT, a Web3 social marketplace for NFTs. Since then, we’ve been building in the open and getting input from the NFT community.
By Sanchan Saxena
, April 20, 2022
, 4 min read time
gm NFT Community,
Last year we announced Coinbase NFT, a Web3 social marketplace for NFTs. Since then, we’ve been building in the open and getting input from the NFT community. We shared previews of our progress with collectors and creators and received amazing feedback. We learned that people don’t just want better tools to buy and sell NFTs: they want better ways to discover them, better ways to find the right communities, and better spaces in which they can feel connected with each other. That’s why we’re building a product that’s much more than a transaction. We’re looking to empower people to create, collect, and connect.
We’re taking the first step on that journey by releasing our beta. Starting today, anyone can check out the first version of Coinbase NFT at nft.coinbase.com and explore the vast collection of NFTs on the Ethereum blockchain.
Beta testers will be able to create a Coinbase NFT profile to buy and sell NFTs using any self-custody wallet, whether that’s Coinbase Wallet or something else. For a limited time, there’ll be no Coinbase transaction fees. We’ll eventually add fees, which will be in-line with Web3 industry standards, and we’ll provide notice before anything changes.
We’re starting with a small set of beta testers who’ll be invited based on their position on our waitlist. We’ll start at the top of the waitlist and open access to more people over time. Stay tuned as we gradually make access to create profiles, buy, and sell on Coinbase NFT available to everyone.
Here’s what else you’ll find in the product
You can create a profile that represents you by curating it with the NFTs that tell your story. Connect any self-custody wallet to select the NFTs you want to highlight, or hide, on your profile.
The rise of NFT communities have shown us that online conversation extends far beyond the moments around transactions. We’re building a place that’s for more than just buying and selling. We want Coinbase NFT to be a place that helps creators and collectors build and engage their communities.
Follow other profiles and start the conversation with comments. Once signed in, you can post comments directly on NFTs, and can up/downvote comments as conversations unfold.
Effortlessly browse NFTs for sale with the Discover feed. We’ll make personalized NFT recommendations to save you time searching for them. As you engage with the marketplace, recommendations will improve based on what you buy, what’s trending, who you follow, and more.
We‘ve made buying and selling NFTs simple and easy. Get inspired by the NFTs in your feed, on collection pages, and on profiles. Check out everything that’s for sale on the Shop Tab and find one that you love.
As you explore these features, you’ll notice a wide range of projects from featured creators like Doodles, Boss Beauties, and Azuki. Creators are the lifeblood of our community and an essential component of our vision. Look out for more updates from us in the coming months on how we’ll continue to invest in creators to help more people break into the creator economy, including an update about how we’ll be honoring creator royalties.
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.
We’re just getting started and can’t wait to explore new ways to bring people together around NFTs and the creators behind them. We’ll continue to listen, learn, and build based on feedback. To stay updated and tell us what you think, and follow us on Twitter.
About Sanchan Saxena
Sanchan Saxena is a Vice President of Product at Coinbase, where he is responsible for working on the latest innovations in crypto — including Coinbase’s NFT marketplace and products that allow customers to access the new world of decentralized finance (DeFi). Prior to Coinbase, Sanchan was the General Manager at Airbnb, where he led a cross-functional team focusing on product management, engineering, design and operations. Before Airbnb, Sanchan spent time at Facebook and Instagram building social and commerce products like Instagram Shopping. Sanchan received his Bachelor of Science degree from Punjab Engineering College in India.
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Customers in Singapore can now transfer funds to and from their Coinbase accounts using any bank in Singapore for free, and Singpass has been introduced to make joining the platform even easier.
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