Coinbase NFT Marketplace Initial Review
People don't just want better tools to buy and sell NFTs, they want better ways to discover them, better ways to find the right communities, and better spaces for them to feel connected to each other.
After waiting more than six months and a waiting list of more than 4 millionCoinbase NFT The marketplace finally went live in beta tonight and unveiled its mystery. Currently, although the NFT marketplace only supports some specific users who have received invitations to log in and trade NFT, most of its pages are freely accessible. Next, Chain Catcher will provide a detailed introduction to the functions and features of the Coinbase NFT marketplace based on the current public information to help you understand the platform more easily.
First of all, Coinbase NFT market is not similar to the fully centralized Coinan NFT market, currently only supports Metamask wallet, Coinbase wallet and other decentralized wallet login, but also currently only supports the display and trading of NFT on the main Ethernet network, and will support more public chains in the future, which means that the Coinbase NFT market is directly comparable to This also means that Coinbase NFT market is directly compared with decentralized NFT market such as Opensea.
In order to attract more users as soon as possible, the Coinbase NFT marketplace has indicated that the fee will be 0 in the short term, but will still charge a fee in the future based on industry standards. In the future, the marketplace also plans to support users using their Coinbase accounts or credit cards to purchase NFT, further lowering the threshold for users to purchase NFT.
But the bigger killer feature of the Coinbase NFT Marketplace than the aforementioned features is the social aspect. In a blog post announcing the launch, Coinbase made no secret of its huge ambitions for the social aspect of the Coinbase NFT Marketplace, calling it a Web3 social marketplace for NFT and a platform to help creators and collectors build and engage in communities, rather than just a trading marketplace.
"We've learned that people don't just want better tools to buy and sell NFTs: they want better ways to discover them, better ways to find the right community, and better spaces to feel connected to each other. That's why we want to build products that are more than just transactions. We want to empower people to create, collect and connect." Coinbase states.
The emphasis on social is also reflected in the various pages of the Coinbase NFT Marketplace.
First of all, there is the user homepage, which supports the same avatar and nickname settings as Opensea and the associated ethereal address, but also supports the ability for users to add a profile, hide specific NFTs, show their own created NFTs, and associate with Twitter and Instagram. In addition, the Coinbase NFT Marketplace also supports the follow function, which allows any user to view their followers and followed status on other users' homepages.
On the specific NFT page, users can publicly post comments as well as likes in the comment section. It is foreseeable that this feature can become an important platform for buyers and sellers to communicate or for the crowd to gather and discuss.
On the Discover page, the Coinbase NFT marketplace then presents NFTs for sale in a stream of information, personalized recommendations, and as users interact more with the platform, the Discover page is optimized based on the products they buy, trends, people they follow, etc.
In addition, at the bottom of the homepage, the Coinbase NFT Marketplace also features recommendations for creators on the platform to help them better reach their users and build their communities.
In addition to the aforementioned features, the Coinbase NFT Marketplace is also characterized by a relatively simple and flatter style. Previously, Coinbase has also said it will focus on building a user-friendly interface that puts complexity behind the scenes and makes NFT more accessible. "It will make casting, buying, displaying and discovering NFT easier than ever before. Just as Coinbase is helping millions of people access bitcoin in a simple and trusted way for the first time." Coinbase stated.
In contrast to the simplicity, there are relatively few features. In addition to the aforementioned social features, many NFT details are not presented, such as scarcity ratios of specific NFT attributes, price K-lines, and historical information areas are also folded.
In addition, the Coinbase NFT Marketplace's main feature options include Shop and Trending. On the Shop page, users can directly view the NFTs that are already priced for sale and select them by type of collection. On the Trending page, users can view the highest volume NFT sets from the last 7 days and see a specific list.
In a blog post, Coinbase said that new features such as NFT casting, Drop (generally referred to as whitelist snapping) and token gated communities (where only users with certain NFTs can access the community) will also be added in the coming weeks or months, with NFT gated communities likely to be one of the core competencies of the platform's social features, allowing it to truly realize its vision of helping creators build communities on the platform The NFT gated community feature will likely be one of the core competencies of the platform's social features, which can truly realize the vision of helping creators build a community on the platform and bring more loyal users to the platform.
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