Coinbase NFT Marketplace is set to launch soon

Coinbase has announced that it has met with hundreds of NFT producers to collaborate on its future NFT marketplace, which is set to open "soon."

The crypto exchange Coinbase has just revealed that their non-fungible token (NFT) marketplace will open "soon."

Coinbase NFT, the account for Coinbase's planned NFT marketplace, announced on March 14 that its team met with more than 100 content creators to work on the launch of their new NFT marketplace.

However, no official launch date has been set as of yet. What is certain is that the marketplace will launch soon and will include a number of features and technologies that the competition does not.

The crypto exchange's primary differentiator, according to the company, will be a new "social function" that aims to improve the interaction between artists and users, allowing them to build an endlessly growing community of creators.

Note that Coinbase CEO Brian Armstrong recently stated that the NFT market might ultimately overtake that of cryptocurrencies, which is why the company is developing a marketplace that provides a more immersive experience similar to that of social media platforms such as Instagram or Facebook.

"We're very excited about NFTs; it's going to be a huge area for crypto in the future, and it already is," says the team.

Only 5 months after its announcement, Coinbase NFT has received more than 2.5 million registrations from users on the waiting list to join the network.