Coinbase NFT Marketplace and Social Feed Coming This Year

Coinbase has been teasing an NFT platform since the spring but has offered little in terms of details. That changed on Tuesday when the cryptocurrency giant announced "Coinbase NFT," a service that promises an easy way for users to mint and purchase NFTs.
"Creating an NFT should be as simple as tapping a few buttons ... Coinbase NFT will be a peer-to-peer marketplace built to enable creativity [w]ith an intuitive design built on top of a decentralized marketplace," said the company in a blog post.
The company announced a waitlist for customers to sign up for the NFT service (NFT is short for non-fungible token and describes a unique digital asset registered to the blockchain) but did not provide a specific date for when it would be available. A spokesperson, however, told Decrypt that Coinbase NFT should be live by the end of the year.
Coinbase is also describing its NFT platform as built atop a "decentralized marketplace" that will "never lock you in."

This description suggests that Coinbase is modeling its offering after OpenSea, the most popular NFT marketplace, that permits anyone to mint, buy and sell works of all sorts. This is in contrast to more specialized offerings like Gemini's Nifty Gateway that provide a more curated experience, but one that doesn't permit users to move the NFTs they buy off the platform.
Coinbase's plans to take a run at the NFT market leader is also apparent from the term "OpenSea killer," which is how one person involved with the project, who was not authorized to discuss it publicly, described it.
The most intriguing aspect of Coinbase NFT, however, may be what the company describes as a "personal feed." While Coinbase offered few specifics about how this will work, it appears the goal is to blend social media and NFTs, allowing users to follow favorite artists or share their interests with friends.
"We’re designing for social engagement. By fostering connections, Coinbase NFT will help creators, collectors, and fans build community. Based on your interests we’ll curate your personal feed. Your profile will showcase all your NFTs in one place, helping you connect with like-minded fans or artists," said the company.

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