Major U.S. crypto exchange Coinbase Global Inc launched its NFT marketplace on Wednesday, in a sign of confidence in the niche digital asset even as the market shows signs of cooling.
A non-fungible token displayed on the website of NFT marketplace OpenSea is seen through a magnifying glass, in this illustration picture taken February 28, 2022. REUTERS/Florence Lo/Illustrationlaunched its NFT marketplace on Wednesday, in a sign of confidence in the niche digital asset even as the market shows signs of cooling.
The platform, first announced in October, will initially be available for a "small number" of people in the United States, a Coinbase spokesperson said. More users will be added from a waiting list over the next three to five weeks as the platform is tested. Non-fungible tokens are a type of crypto asset which uses blockchain to record the ownership of digital files such as an image, video or piece of text.They exploded in popularity in 2021, echoing the ballooning embrace of crypto such as bitcoin by mainstream investors and companies. Some NFTs have fetched millions of dollars worth of cryptocurrency, but growth has slowed in 2022.
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