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Coinbase’s NFT Marketplace and Ethereum Layer-2 Network

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  • The head of protocols at Coinbase shared the plan for NFT marketplace and Base.
  • The company is working to change the misconception of people as it is ready to do product innovation, its head of protocols said.

At ETH Denver, Coinbase’s head of protocols Jesse Pollak said that the company is aiming to change the thoughts of most people. As he said “If we look at the history of Coinbase and crypto over the last 10 years, it’s been very trading-centric. Our investment in Base is an investment in creating a platform that makes it easy for developers to build useful products on an on-chain platform, and then makes it easy for users to use those products through interfaces like Coinbase and Coinbase Wallet.”

Base is an Ethereum layer-2 sandbox for decentralized applications. Coinbase– a crypto exchange, launched Base last month. And joining Coinbase in the launch includes some blockchain companies such as oracle network Chainlink, Ethereum block explorer Etherscan, and DeFi protocol Aave.

Earlier this year, the crypto exchange added new features to its Coinbase Wallet. The…

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