Mastercard, the world’s largest payments company, and Coinbase, a cryptocurrency exchange, announced their partnership on Tuesday. “We’re making it easy for everyone to buy NFTs,” according to Mastercard.
Coinbase announced the establishment of an NFT marketplace in October last year. “Coinbase NFT” is “a peer-to-peer marketplace that will make minting, acquiring, displaying, and finding NFTs easier than ever,” per the company.
“We’re making NFTs more accessible by designing user-friendly interfaces that hide the complexities behind the scenes,” the Nasdaq-listed crypto exchange explained. We’re introducing social features that will provide additional opportunities for interaction and discovery. And we’re going to massively increase the creative community, which will be a win for both artists and viewers.
NFTs (non-fungible tokens) were one of the most popular crypto trends in 2021. The Merge by Pak, the most expensive sculpture, sold for USD 91.8 million. The list of the most expensive NFTs sold in 2021 is dominated by work by NFT artist Beeple and NFT project CryptoPunks, with many pieces selling for millions.
