The newly announced Coinbase NFT platform already has more than 1.35 million people on the waiting list.

Coinbase Global Inc., a popular and heavily used ‘gateway’ for new investors making their first purchases of cryptocurrency like bitcoin and Ether, recently announced a soon-to-be-launched platform dedicated exclusively to trading of Non-Fungible Tokens (NFTs). It will be known as Coinbase NFT.

Since being founded in June 2012, Coinbase has experienced explosive growth in terms of the company’s popularity with cryptocurrency newcomers. The popularity of the exchange can be attributed primarily to how well the company’s trading platform accommodates newbies making their initial cryptocurrency purchases.

## Coinbase Announce NFTs

Now, with Coinbase NFT it hopes to become the next “first stop” for investors who have developed an appetite for the raging NFT market. And why not? The NFT market went stratospheric in the third quarter, recording a mind-boggling sales volume of more than $10 billion. 

Historically, much of the NFT trading activity has taken place on exchanges like Nifty Gateway, [Rarible](https://rarible.com/), and OpenSea. The latter of the three, OpenSea, has thus far handled the lion’s share of the market’s NFT trading volume. In fact, the site saw more than $3 billion in transaction volume in the last 30 days alone. Should Coinbase NFT be as successful as the company was with their original cryptocurrency platform, the company stands to gain considerably from a very lucrative NFT exchange market.

## What are NFTs?

While it’s hard _not_ to be aware of the recent NFT mania, there are those of us still struggling to gain a clear understanding of what these little rascals truly are. For my part, NFTs are certainly a niche market, _very_ niche. And their explanation is comically simple: NFTs are _digital versions_ of collectible items, like digital art. That’s it. Ultimately, NFTs give investors the ability to lay claim to digital content that they can store in personal digital wallets like they can with other cryptocurrencies. The types of NFTs are widely varied, but the NFTs that have been especially newsworthy lately are digital artwork NFTs.

According to Coinbase, their new NFT platform will be a digital marketplace “where you can mint, collect, discover, and showcase your NFTs, all in one place.”  If the new Coinbase NFT platform is successful at demonstrating that the process of buying NFTs can be just as simple as it is to buy cryptocurrencies, then Coinbase popularity will only further accelerate once their NFT site is online. 

## A New Way of Art Collection

The fun and pride-of-ownership that are so inherent in certain collectibles, like baseball cards, has always been something we enjoyed not only as kids, but as adults as well. Once an easy-to-use platform like Coinbase NFT is available, it will likely generate an entirely new segment of art collectors in our society, and that’s a good thing for the artists behind the NFTs.

1.3 Million in Line for New Coinbase NFT Platform

Visa has recently launched an NFT- centric programme with creator of the NFT character, Aku, Micah Johnson, who is a well known artist amongst the crypto community.

The aim of the programme is to create a range of Visa collectibles using blockchain technology and support the creator economy.

## Visa Crypto Collectible

The first piece of work is an exclusive Visa Crypto Collectible card which demonstrates how cryptocurrency works on the Visa network. The card uses NFT technology to bring this all together so it’s only available as a digital asset.

The Vice President and Head of Crypto at Visa, Cuy Sheffield, tweeted "We believe that we are at the beginning of digital renaissance in the world of art and content creation- a flourishing ecosystem of artists, musicians, writers, photographers and curators building communities at the intersection of culture and commerce".

For more [NFT news](/news/category/nft-news).

VISA News: NFT Programme Launched

Since Non-Fungible Tokens (NFTs) first burst into the limelight and turned the artwork world upside down with Beeple’s mega-auction, the public’s fascination with NFT projects is only expected to accelerate. Investors who are hungry for more are increasingly turning their attention towards NFT projects to invest in, even those that are beginning to show even the earliest signs of promise.

In short, the world is developing an insatiable appetite for new Non-Fungible Tokens.

For those new to the scene, NFTs are individual units of data stored on the blockchain. A certificate, if you will, confirming that the digital asset (NFT) is entirely unique and not “fungible” or tradeable. NFTs largely apply to videos, photos, audio and pretty much any kind of digital file.

Here are some of the most promising NFT projects coming up:

## SupDucks 

Flex yo Ducks people! [SupDucks](https://supducks.com/) NFTs are a MegaVoltCorp effort brought to you by a team of 5 individuals. It’s an artistic collection of 10,000 hand-drawn duck heads in the avatar style featuring a swath of unique features including 16 different backgrounds, 18 skins, 38 clothes, 38 hats, 27 mouths, and 27 eyes, and the project didn’t stop there. You can even buy your own collection of 10 duck heads.

Each duck head has a unique combination of characteristics adding to its rarity, and because of the way the NFTs are generated, they’ve established a very loyal base of buyers. There are already [SupDucks](https://supducks.com/) being bought for six-figure sums.

## Veefriends

Brought to you by one time wine critic and now social media mogul, [Gary Vaynerchuk](https://en.wikipedia.org/wiki/Gary_Vaynerchuk), or better known as "Gary Vee.” [Veefriends](https://www.garyvaynerchuk.com/how-to-buy-your-first-veefriends/) is the brainchild of Gary Vee who unilaterally, and quite successfully, created his own collection of NFTs consisting of 10,255 tokens.

The popularity of this NFT project can be attributed directly to Gary Vee himself. NFT owners can take pride knowing that they are a bona fide owner of the digital guru’s personal drawings, imagined and created by the man himself. On Friday, Oct. 1st, British auction house, Christie’s, put up five of Gary Vee’s “art works” for bidding. They went for over $1.2 million.

## World of Women

This project deals very effectively with the under-representation of women in the cryptocurrency market. Yam Karkai launched the NFTs with her partner Raphael Malavieille on June 27th, 2021. Both have a history in the art world and recognized the NFT phenomenon as a way of further promoting their artwork. Now, the combined value of the project, which consists of a collection of 10,000 NFTs, is at least $51 million and continuing upward.

Upcoming Non-Fungible Tokens (NFT) Projects

When Forbes magazine, widely-recognised as the bastion of strategic investing, publishes an article touting Non-Fungible Tokens as a _must have_ and declaring them an asset class that is _here to stay_, as they did last summer, investment communities were officially being put on notice - it is time to start talking about NFTs. 

Let’s start with a simple description: Non-Fungible Tokens, or NFTs, are tokens guaranteeing ownership of a distinct and unique asset — usually a digital asset such as a piece of art, music, or even a video. NFTs are digital proof of ownership used to represent virtually any type of real or digital item. NFTs are _created_ and _managed_ on digital ledger technology systems referred to as blockchains with the Ethereum network being the most popular. 

If that isn’t helpful, we’ll put it this way: “Non-fungible” tells us that the asset is unique and _cannot_ be replaced with anything. For example, one bitcoin is fungible — you can trade one for another bitcoin, and you will have exactly the same thing. A one-of-a-kind trading card, on the other hand, _isn’t_ the same thing.  It is one of a kind.  It is…non-fungible.

The important thing to remember is that no two NFTs are the same.

Here’s how and where to buy them.

## Places to Buy Non-Fungible Tokens

In most cases, you will be required to set up and fund a crypto wallet with Ethereum (a popular cryptocurrency) as one of the first steps in buying NFTs on exchanges (or marketplaces). MetaMask is one of the most common for purchasing NFTs and also seems to be the easiest crypto wallet for newbies to set up.

The popularity of NFT investing is proliferating a variety of new trading platforms where you can buy, sell, and even create them. Based on our research, we believe the following three marketplaces are the most resourceful for those who are new to NFT investing. 

### OpenSea

Arguably the most popular choice, OpenSea is the largest digital marketplace for NFTs offering millions to choose from in categories like art, music, and collectibles. Launched back in 2017, OpenSea continues to focus on offering consumers a trading experience that is quick, easy, and fun.  In fact, the marketplace recently launched an app for users in the Google Play and Apple App Store.

One of the key advantages of using OpenSea is the platform’s application of smart contracts to keep transactions legit. The advantage being that if either party _doesn’t_ fulfill their end of the deal, the transaction becomes void and neither party is out anything.

### Rarible

The [Rarible](https://rarible.com/) marketplace is an all-in-one platform that was launched in 2020 where creators, sellers, and buyers of NFTs can convene to trade and conduct their business. Quite simply, new investors interested in a creator centric NFT marketplace that allows for creating, selling, or collecting NFTs will find that Rarible is an appealing platform to use because of how it simplifies the process of trading without needing a middleman.

### Nifty Gateway

Launched in 2018, [Nifty Gateway](https://niftygateway.com/) is an NFT digital art marketplace that makes it easy for users to buy and sell NFTs as easily as one can buy products on eBay. Nifty Gateway offers NFTs from celebrities, popular digital artists, and major brands. It is a marketplace that distinguishes itself as a platform that continues to build a wide offering of desirable, high-value assets that have huge investment potential. 

One great thing about Nifty Gateway is that this platform allows you to buy and sell NFTs in US dollars, meaning that besides a crypto wallet you can also connect your account directly to your bank.

## Now What?

The opening up of NFTs as another class of investments creates a wide array of opportunities. Consider that it was only four years ago that the head of JP Morgan infamously called Bitcoin “worse than tulip bulbs” referring to the Tulip Mania bubble in the 1600s. Today, that same bank is looking at how cryptocurrencies may be an alternative to gold assets for hedging against inflation. 

NFTs are now in a similar place to where cryptocurrencies were a couple of years back – the opportunity has not yet been seized in the mainstream. None of us have a crystal ball, and you always want to be prudent in your research, but the bottom line is that millennials and Gen Z are living lives that are becoming increasingly more digital. Isn’t it only natural to want to take digital representations of luxury brands, music, and art into these worlds?  Now you can with NFTs.

We Need to Talk About Non-Fungible Tokens

What do a British music icon, a social media mega-platform and a European crown prince all have in common? The NFT market.

This week they have all confirmed they are joining the NFT juggernaut, further boosting the NFT market’s position.

As the cryptocurrency industry prepares for an autumn boom, as predicted by market analysts and industry commentators, it is widely expected that the NFT marketplace will see a further surge in interest and value.

As this week’s developments show, NFTs are a hot topic, attracting international media attention and massive price tags. However, to many they remain something of a mystery.

## What are NFTs?

Here we take a look at the fast-developing NFT market, explain some of the basics and discuss some of the high-profile entrants to NFTs announced this week.

For those of you who may not be aware, NFT stands for Non-Fungible Token which, in the simplest terms, means a unique digital certificate of authentication.

Consternation over the rapid growth of NFTs arises from the perception that people are paying astronomical sums for what are, essentially, pixel constructed pictures (to put it in very basic terms).

Well, the explanation is that NFTs are not just that.

In the ‘real’ world, you may have a physical certificate of ownership for an individual piece of art, proving you have ownership and which you would hand over with the artwork should you sell.

An NFT has a similar job, just in a different environment. An NFT is a digital token of ownership and authenticity for a digital artwork that lives in the digital sphere, making the NFT and the piece of digital art interchangeable.

## The NFT Marketplace

The NFT marketplace represents the frontier between the physical and digital worlds.

The amounts people are prepared to spend on NFTs demonstrates there are plenty who believe there is a high future value for digital art. That explains the rapid growth of the market, and the rush from celebrities, artists and international brands to get a slice of the action.

For example, veteran British DJ Paul Okenfold has announced plans to release his latest album as an NFT (digital download) on the Cardano blockchain. Every part of album Zombie Lobster is set to be tokenised, including cover art, individual tracks and sleeve notes. The move is part of a collaborative partnership with NFT specialist Starship Universe.

TikTok also joined the NFT club this week when it announced plans for a creator-led NFT collection, demonstrating the social media giant’s confidence in the burgeoning sector. TikTok Moments is a collection of videos from six of the platform’s most influential content creators and all proceeds from sales go directly to the stars and NFT designers.

## Non-Fungible Castle Conference

Even royalty are getting involved. This week the Crown Prince of the Czech Republic, William Rudolf Lobkowicz, launched his own collection of NFT works aiming to reflect historical pieces held at home.

The House of Lobkowicz traces its roots back to the 14th Century and has a reputation for retaining and preserving a wide range of works of art, from Beethoven to Canaletto. Visitors to the ‘Non-Fungible Castle Conference’ this month will be able undertake virtual tours and view some of the historical pieces alongside their digital representation.

Lobokowizc said: ‘By investing in an NFT, a patron receives ownership of a unique digital asset while directly supporting conservation efforts and other cultural activities.’

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