As we already reported, the NFT craze continues, and the industry is gaining more and more popularity. One of the latest players that hopped in the game is crypto exchange Coinbase.

Coinbase enters NFT craze

In a new blog post, Coinbase revealed the creation of Coinbase NFT, a platform that aims to allow users to easily buy and sell NFTs .

VP of product and ecosystem Sanchan Saxena said the following:

“If you’ve tried to create or purchase an NFT, you’ve probably found the user experience lacking. Creating an NFT should be as simple as tapping a few buttons. Anything more complicated is a barrier to creativity.”

The marketplace will reportedly enable users to mint, buy and showcase digital works of art – this will be happening in a secure and user-friendly manner. Emphasis will be given to discovery and discussion.

“Just as Coinbase helped millions of people access Bitcoin [BTC] for the first time in an easy and trusted way – we want to do the same for the NFTs.”

Coinbase’s NFT waitlist tops $1 million on first day

Bloomberg notes that there were more than one million signups on the crypto exchange’s NFT waitlist on the first day it opened.

The popular online publication noted that a person familiar with the situation said this on Wednesday.

“It wasn’t clear whether some of the signups were duplicates or spam, the person said.,” according to Bloomberg.

On the other hand, Coinbase noted that “The rise of NFT art has been made possible by provable ownership recorded via tokens on blockchains like Ethereum [ETH]. NFT art has attracted artists from all over the world, leading to an explosion in the variety of art work available.”

The exchange also said the following:

“we are already seeing crypto and mainstream culture merge, led by various [social media and celebrity] influencers.”

Check out the complete details in Coinbase’s official post.

Stay tuned for more news.

The post Coinbase’s NFT Waitlist Topped 1 Million Signups During First Day first appeared on CryptoGazette - Cryptocurrency News.