Will Tezos Be The First NFT Marketplace To Be Added To Coinbase?

Coinbase, one of the world’s largest cryptocurrency exchanges, is exploring the possibility of supporting Tezos’ NFT marketplace. NFTs are very green and are often tokenized digital artworks. Most artists are aware of the immense amount of energy Ethereum consumes to keep their work running. With Tezos, they can easily adopt a clean NFT environment.

Tezos’ decentralized network has other advantages, such as lower fees and faster transactions. Over the last couple of weeks, various successful NFT sales have been made on Tezos. In February, an exhibition by Vertical Art was able to raise over 16,000 Tez in sales. Due to his growing interest in NFTs, rapper Snoop Dogg has announced that he would be investing in more of the decentralized networks. The NFT community’s influence was also highlighted this week after it was revealed that its community was able to raise over $60,000 in donations for Ukraine. If Coinbase eventually adds support for Tezos, it would become one of the earliest major platforms to support this emerging network.