Coinbase's vice president announced details of the Coinbase NFT trading platform, which will be decentralized with non-Coinbase servers

On October 18, Sanchan S Saxena, vice president of Coinbase, tweeted details about Coinbase's NFT trading platform. Saxena stressed that the NFT trading platform will be hosted on unofficial servers not controlled by Coinbase to achieve decentralization. There are no lock-in restrictions on NFT transactions, and users can transfer NFT transactions from other platforms to Coinbase NFT, or from Coinbase NFT. Users will also be able to choose their own wallets connected to Coinbase's NFT trading platform, which will support NFT on several blockchains, including Ethereum, in the future.