Coinbase has opened the beta version of its non-fungible token (NFT) marketplace.
The company is starting with a small set of beta testers who’ll be invited based on their position on their waitlist.
In April, cryptocurrency exchange Coinbase invited a select number of users to the new NFT platform, nearly seven months after announcing the service in October.
Coinbase has not disclosed the number of users that had early access to the marketplace, but the platform generated 73 ETH ($210,000) in 900 transactions during the first week of its beta.
For a limited time, the new platform will have zero transaction fees, according to Sanchan Saxena, the company’s vice president of product.
Coinbase will eventually add fees, which will be in-line with Web3 industry standards and will provide notice before anything changes.
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,” stated Coinbase.
“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.”