Coinbase To Launch New Section of Browser Wallet That Supports NFTs

Top US exchange Coinbase is launching support for non-fungible tokens (NFTs) in its browser wallet.

The new upgrade, set to roll out in “just a few days,” will enable Coinbase Wallet customers to view NFT collections and access NFT marketplaces from the wallet’s browser extension, according to a recent announcement from the exchange.

Coinbase Wallet customers are also now able to access their token balances across all supported networks in one view, including the Ethereum mainnet, Arbitrum, Avalanche, Binance Smart Chain, Fantom, Optimism, Polygon, and xdai networks.

The exchange says it plans to roll out additional features for Coinbase Wallet in 2022, including adding support for hardware wallets.

“We have ambitious plans for Wallet next year, including making our native DEX [decentralized exchange] trading feature more accessible and affordable and leveling up the experience of buying, selling, and collecting NFTs.”

In Coinbase’s Q3 earnings call earlier this year, the exchange’s chief executive Brian Armstrong stressed the importance of NFTs to the crypto space at large.

“I think this is going to be a very large area for crypto in the future, and it already is today.

I mean, traditionally, Coinbase was focused on FTs, fungible tokens, and we’re equally excited about NFTs.

I think it could be as big or bigger. We don’t know.”

 

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