NFT Industry News

Mastercard and Coinbase are partners for easier access to NFT

Mastercard has partnered with cryptocurrency exchange Coinbase to make non-fungible tokens (NFTs) more accessible to everyone. Coinbase’s upcoming as a NFT marketplace and connect to  Mastercards.

Buying digital goods should be as simple as buying a T-shirt or coffee pods on an e-commerce site. You can make your purchase with one click — that’s it.

That’s not the case for many NFTs, or non-fungible tokens. Today, if you want to buy an NFT — such as a digital art piece — you first need to open a crypto wallet, buy crypto, then use it to purchase an NFT in an online marketplace.

Trader are used to this process. But for most people, it’s not simple, it’s not intuitive. We think it should be much easier. That will ensure NFTs can be for everyone. So Mastercard try to connected to Coinbase to safe this patterns.

Coinbase announced in October last year that it is launching an NFT marketplace. The company described “Coinbase NFT” as “a peer-to-peer marketplace that will make minting, purchasing, showcasing and discovering NFTs easier than ever.”

The Nasdaq-listed crypto exchange detailed: “We’re making NFTs more accessible by building user-friendly interfaces that put the complexity behind the scenes. We’re adding social features that open new avenues for conversation and discovery. And we’re going to grow the creator community exponentially, a win for artists and for fans.”.


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