Coinbase’s NFT market enters beta for select customers

Coinbase’s non-fungible token (NFT) platform launched its beta version for select customers on Wednesday.

See related article: Coinbase and Binance move to diversify; Stablecoins under scrutiny

Fast facts

• Only a few customers of the three million on the waitlist can access the beta market, but it is also open for public view.
  
• The beta platform supports Ethereum-based NFTs to be purchased with ETH, though other blockchains are expected to be added in the future.
  
• The Nasdaq-listed exchange’s NFT store will accept fiat payments in the future through its partnership with Mastercard, which was revealed earlier this year.
  
• Coinbase joins a growing list of exchanges launching their own NFT platforms, including Binance and FTX.
  
• The U.S.-based exchange expands on existing NFT marketplace rivals with social media features, like comments and upvote/downvotes.

See related article: NFT Marketplace Competition Heats Up