Although relatively new, the Coinbase NFTs marketplace is a notable place for buying and selling NFTs. In this post, we will examine some of the NFT assets that may be traded on this marketplace.
An NFT stands for a non-fungible token. Non-fungible tokens are blockchain-based digital assets that represent tangible items such as pieces of art, media variables, etc.
Non-fungible tokens cannot be traded for any other token of the same denomination, unlike fungible tokens such as Bitcoin. Therefore before we dive into which NFTs are tradeable on the Coinbase marketplace (Coinbase NFT), we would first discuss what exactly is an NFT Marketplace.
What is an NFT Marketplace?
An NFT marketplace is a platform for buying and selling NFTs. It is vital to remember that the marketplace is not owned by a centralized body. The market is a protocol that operates on a decentralized network.
You may purchase or sell NFTs on this platform, and you can also discover unusual kinds of art such as virtual land or pets. In addition, NFT markets permit the purchase of NFTs using virtual currencies such as ETH.
Examples of NFT Marketplaces
There are several NFT markets available today. The following is a list of them:
- Binance NFT marketplace
- Nifty Gateway
- Larva labs
- NBA Top Shot Marketplace
- The Axie marketplace
- Coinbase nft
The list above only contains a few out of the different NFTs marketplace available for trading non-fungible tokens. However, for the sake of the article, we will take a brief look at the Coinbase NFT marketplace.
Coinbase NFT Marketplace
The Coinbase NFT marketplace is the official marketplace for the Coinbase cryptocurrency exchange. It is a peer-to-peer marketplace that permits the minting, purchase, display, and discovery of NFTs.
It is also one of the most popular NFT markets currently available. The Coinbase NFTs marketplace enables users to purchase and trade digital assets directly.
Even though the exchange only offers a few non-fungible tokens, it is a wonderful location to acquire your first non-fungible tokens. Having known about this marketplace, one may inquire, about what NFTs may be exchanged in this market.
What NFTs are tradeable on Coinbase?
Having full knowledge that the Coinbase NFTs marketplace acts as a platform for the sale and acquisition of the asset class, some of the NFTs that are tradable on Coinbase are listed below.
- Bored Ape Yacht club
- Crypto Punks
- Otherdeed for Otherside
- BAP GENESIS BULLS
- Max pain and Frens
- Party Penguin
- Meka Rhinos
This is one of the most popular non-fungible tokens. Coinbase is a great place to start buying and selling CryptoKitties. These unique digital assets may only be purchased, sold, or traded for other CryptoKitties.
CryptoKitties is a game about breedable, collectible, and cute animals. Each cat is unique and entirely yours; it cannot be duplicated, stolen, or damaged.
Bored Ape Yacht Club
The Bored Ape yacht club (BAYC) non-fungible tokens (NFTs) are a one-of-a-kind digital asset that is built on the Ethereum blockchain. There are a total of 10000 Bored Ape NFTs collectibles.
The Crypto Punk was introduced in 2017, and it is a one-of-a-kind collection of 10,000 NFTs that adhere to the ERC-20 standard. These NFTs were developed using the Ethereum blockchain technology.
Otherdeed for Otherside
When it comes to staking a claim on territory in the Otherside metaverse, the Otherdeed NFT is essential. Each has a distinct combination of environment and sediment, with some harboring valuable resources and others containing potent artifacts. The collection has 99,999 distinct pieces.
Doodles is a collection of 10,000 generative NFTs. The project follows in the footsteps of predecessors such as CryptoPunks, Bored Apes, and Cool Cats by randomly combining these individual qualities to form the whole Doodles collection.
The VeeFriends brand includes Mini Drops, Book Games, and a large-scale “Series 2” collection, all of which spring from the first drop of 10,255 distinct VeeFriends items.
BAP Genesis Bulls
The Bulls & Apes Project is a collection of 10,501 distinct artifacts. Holders are rewarded with stunning 3D art, complex tokenomics, entertaining gamification, and IRL events.
Holding NFTs in your collection grants you access to an exclusive “Inner Circle” club that offers networking opportunities, masterminds, VC deal flow (for authorized investors), and more.
Max pain and Frens
This NFT collection was created by XCOPY, there are a total of 7469 NFTs in circulation, they are owned by 4237 individual owners, and they have a market capitalization of $5,788,819.86.
Party Penguins is an NFT collection of 9,999 unique and flippin’ awesome penguins. “They have relocated from Antarctica to the Ethereum blockchain, where the actual party is.”
Meka Rhinos is a 3,333 NFT collection mainly concerned with Rhinoceros conservation and awareness. 20% of all revenues are allocated to conservation initiatives.
The NFTs mentioned in this article are only a few of the different tokens present on the Coinbase marketplace. However, the platform is putting in efforts to increase its number of supported tokens.
It is also advised that you take your time to study each of the listed tokens (and those not listed) before taking a step toward investing in them.