More than 900,000 people signed up for Coinbase’s NFT platform waitlist — and it’s only day one

Startups • October 13, 2021, 4:21PM EDT
UPDATED: October 13, 2021, 4:25PM EDT
The Block

So many people tried to sign onto the waiting list for Coinbase’s new NFT platform that the traffic broke the site. 

“We are getting a LOT of signups — so grateful for all your interest,” wrote Coinbase’s Vice President of Product Sanchen Saxena on Twitter. “We are seeing insane loads on our servers and our team is working hard to get this resolved. Check back soon!”

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At the time of publication, 930,263 are waiting to join Coinbase’s forthcoming NFT marketplace, which is slated to launch in late 2021. Currently, only people older than 18 and who reside in the US can join the waitlist, through the crypto exchange plans to add more countries in the future. 

Coinbase’s NFT platform will allow users to mint, display and discover NFTs. It will also feature self-custody wallets and forgo the know-your-customer (KYC) checks that the platform requires for its brokerage clients. 

Coinbase is the second exchange this week to announce that it will launch an NFT platform. FTX.US launched the Solana-based NFT platform on Monday.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

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