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Blockchain.com has launched an NFT marketplace for buying, selling, and keeping Ethereum-based non-fungible tokens today. It is the wallet and trading platform run by CEO Peter Smith.
Blockchain.com Launches the NFT Marketplace
According to the news, the functionality will be ready in a few weeks, and it is now accepting waitlist signups. These days, crypto exchanges aren't happy with just sucking up money from Bitcoin and altcoin trading. They're putting a lot of effort into NFT trading.
According to a press release, "We aim to make accessing the NFT market as simple as entering the crypto market." "You'll be able to explore, purchase, sell, and securely store NFTs without ever leaving your Blockchain.com Wallet with the Blockchain.com NFT marketplace (in beta)." (Even though users may quit, the wallet is non-custodial, which means NFTs can be moved to other wallets.)
Smart contracts on a blockchain, such as Ethereum, Flow, or Solana, are used to produce NFTs, digital proofs of ownership. They're usually associated with digital art, collectibles, and music files, but they may also be related to physical items.
With its NFT marketplace, Blockchain has a huge potential user base to tap into. It was founded in 2011 as a block explorer and one of the first Bitcoin wallets, enabling users to store their bitcoin keys securely. It has over 80 million wallets in its possession.
Current Support for Solana Tokens
Coinbase NFT will be available before the end of the year. Yesterday, FTX NFTs, FTX US's marketplace, added Ethereum collectibles like the popular CryptoPunks and Bored Ape Yacht Club NFTs to its current support for Solana tokens.
However, developing something does not guarantee that others will utilize it. Gemini purchased nifty Gateway, the exchange created by Cameron and Tyler Winklevoss, in 2019, more than a year before digital collectibles were fashionable again. Following a strong start in early 2021, Nifty Gateway has seen trade volume and mintings decline as other firms enter the market to compete with OpenSea, Rarible, and others.