Coinbase is about to start the NFT marketplace

Coinbase plans to open a marketplace for non-fungible tokens (NFTS), as the largest US exchange for trading with crypto-assets joins the boom of digital collector's items.

The stock exchange, which was noted in New York at the beginning of this year and recently subjected the supervisory authorities to an increased examination, announced that Coinbase and users would create, buy or sell the increasingly popular digital tokens that represent works of art or other collectibles.

The company wants to "let everyone benefit from their creative spark" and help to make the "creator economy" a central driver of the real economy.

In the event of success, the new Coinbase marketplace could create a lucrative new source of income for NFTs in view of the continued hustle and bustle.

Last month Openea, the most popular NFT marketplace, has made it possible for data from Dappradar NFT transactions worth almost 2.8 billion US dollars on its platform, although the volume has easily slowed down in the past few weeks. Openea takes 2.5 percent of all sales on its platform.

Coinbase did not comment on what its fee structure would look like, but said that the users would not have to pay additional fees for the creation, listing or promotion of NFTs, beyond the "gas" fee, which is necessary for the registration of an NFT in the blockchain.

While the first start will initially only support the shape on the Ethereum blockchain, the company will "soon" support other blockchains, added.

critics have dismissed the NFT fever as a bladder and warned of the risk of fraud in the loosely regulated room. But Mark Zuckerberg, CEO of Facebook, suggested that one day NFTs could be an ubiquitous part of the online "meta personation", a virtual universe, whose establishment Facebook would like to play a role.

Last month, OpenSea admitted that one of his top managers had used insider knowledge to buy articles on the market before their doctorate.

Coinbase said that his "insider trade guidelines are designed in such a way that nobody can act with the company associated crypto-assets (including NFTS) with non-public information," and added that some of his leaders had to comply with even stricter guidelines.

Coinbase recently stopped another product called Lend after the US stock exchange supervisory authority (Securities and Exchange Commission) had warned that the group could not pay interest on cryptocurrencies that were inserted without permission. The CEO of Coinbase, Brian Armstrong, accused the regulatory authority "sketchy behavior".