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Coinbase CEO Anticipates Planned NFT Marketplace More Akin to Instagram than eBay, Make NFTs Easier to Use
Summary: Brian Armstrong, chief executive officer of crypto exchange Coinbase Global Inc, said Tuesday during the company’s third-quarter earnings call that the company aims to provide a social experience through its planned NFT marketplace, making the platform more akin to Instagram than eBay. According to previous news, Coinbase aims to launch an NFT marketplace in the ...
Brian Armstrong, chief executive officer of crypto exchange Coinbase Global Inc, said Tuesday during the company’s third-quarter earnings call that the company aims to provide a social experience through its planned NFT marketplace, making the platform more akin to Instagram than eBay.
According to previous news, Coinbase aims to launch an NFT marketplace in the next quarter or two, joining the competition with OpenSea and rival exchange FTX, which recently launched its NFT marketplace.
Armstrong said, “I think having people follow your favorite artists or creators, and having a bit of content that gets populated from those people you follow, that can be really powerful. And in addition, you can go there and buy an NFT if you really like it, and showcase it in your own social profile.” He also said he hopes Coinbase’s planned marketplace could make NFTs easier to use.
By Amy Liu
Tags: Brian Armstrong,Coinbase,NFT
Link: Coinbase CEO Anticipates Planned NFT Marketplace More Akin to Instagram than eBay, Make NFTs Easier to Use [Copy]
