As revealed in a press conference, Coinbase said the Beta version is only available to selected users. These selected users are the ones that were picked based on their number. These numbers are on the basis of the waitlist that was opened for registration last year.

Moreover, the Coinbase NFT marketplace is launching with only Ethereum-based collections such as Doodles, Azuki, World of Women (WoW), and Where My Vans Go. No fees will be applicable for a limited time. According to Coinbase, the trading is single-digit and competes with industry standards.

Growth Strategies for the NFT Marketplace By Coinbase

Coinbase is releasing its NFT marketplace, fully realizing that this space has dominant players. These players include OpenSea, Rarible, and LooksRare, amongst others. 

Based on this knowledge, Coinbase has built its marketplace to serve much more than just a zone for digital arts and collectables trading. They are building a hub for the crypto community.

“We’re building a marketplace where you can buy and sell NFTs, but more importantly, you can engage,” said Sanchan Saxena, Coinbase Exchange’s VP of Product. “You can engage with the creator. You can engage with the collector. And you can engage with fellow collectors from a community around that NFT. This is an important piece of our strategy.”

Moreover, in a bid to reduce the gas fee incurred by users, Coinbase said it has partnered with 0x Protocol. They want to explore every option to make its new marketplace attractive. Also, they want to make the market appealing to the broad user base right from the start.

The growth in the adoption of NFTs has made top trading platforms like Binance, FTX, OKCoin and others reputable platforms.

In addition, with Coinbase investors’ support, the outfit is fixated on building a competitive outfit. It will be as simple as its main crypto trading platform.

The post Coinbase Exchange’s NFT Marketplace Goes Live in Beta appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

As per the announcement in the company’s blog, Signal Payments will offer a fast and private peer-to-peer payments service. The first protocol it supports is MobileCoin, a privacy-focused cryptocurrency that allows instant and secure digital payment transactions. According to TechCrunch, MobileCoin received technical guidance from Signal’s creator Moxie Marlinspike.

The blog post says that Signal users will be able to link their accounts to MobileCoin wallets. Then, they can easily send and receive funds to and from their contacts. Moreover, the messenger will not have access to the information in the users’ MobileCoin wallets to protect user privacy.  

Messaging app Signal allows for private and secure communication between its users enabled by end-to-end encryption. Moreover, it is a non-profit organization. As BTC Manager previously reported, in March of this year Signal Technology Foundation enabled its users and anyone who wishes to support the platform to make donations in cryptocurrencies such as Bitcoin, Ether, and 10 other tokens.  

The post Signal introduces cryptocurrency payments for UK users in beta appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.