Coinbase will launch the NFT market at the end of the year

According to CoinDesk, Coinbase announced on Tuesday that it will launch the NFT market “Coinbase NFT”, and the waiting list has been released. This new product, led by Sanchan Saxena, Vice President of Products at Coinbase, will allow users to cast, purchase and showcase NFTs. Initially it will support Ethereum-based NFTs, but plans to expand to other chains after launch. According to a spokeswoman, the platform will use self-hosted wallets, so users do not need to pass KYC checks. The company will not disclose the fees, but plans to share these details before the platform is officially launched. According to sources, Coinbase’s NFT platform is expected to be launched by the end of this year.

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