{"id":395770,"date":"2022-01-18T20:35:00","date_gmt":"2022-01-18T17:35:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/coinbase-partners-with-mastercard-for-nft-marketplace-purchases\/"},"modified":"2022-01-18T20:35:00","modified_gmt":"2022-01-18T17:35:00","slug":"coinbase-partners-with-mastercard-for-nft-marketplace-purchases","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/coinbase-partners-with-mastercard-for-nft-marketplace-purchases\/","title":{"rendered":"# Coinbase partners with Mastercard for NFT marketplace purchases"},"content":{"rendered":"

“# Coinbase partners with Mastercard for NFT marketplace purchases <\/strong>”
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Credit card company Mastercard has announced users of Coinbase\u2019s upcoming nonfungible token (NFT) marketplace will be able to use their cards to make purchases as part of a new partnership.<\/p>\n

In a Tuesday blog post, Mastercard executive vice president of digital asset and blockchain products Raj Dhamodharan said<\/a> under the agreement, NFTs would be considered \u201cdigital goods\u201d and could be purchased using a credit card. The measure is aimed at allowing non-crypto natives to get into NFTs without using a wallet and buying Ether (ETH) or other tokens. <\/p>\n

\u201cCryptocurrency enthusiasts are used to this process,\u201d said Dhamodharan. \u201cBut for most people, it’s not simple, it\u2019s not intuitive. We think it should be much easier. That will ensure NFTs can be for everyone […] Getting more people involved safely and securely is perhaps the best way to help the NFT market thrive.\u201d<\/p>\n

Since Coinbase first announced<\/a> its NFT marketplace \u2014 under the planned name \u201cCoinbase NFT\u201d \u2014 in October, more than 1 million people have signed up to be on the waiting list. The crypto exchange plans to make the NFT platform available to U.S. users before opening it up to users in other countries. <\/p>\n

Related: <\/em><\/strong>AI-generative art predicted to be next trend for NFT sector<\/em><\/strong><\/p>\n

Following the growth of and interest in the NFT sector in 2021, major crypto exchanges FTX and Binance launched their own NFT marketplaces prior to Coinbase\u2019s October announcement. In June, Binance launched an NFT platform aimed at \u201cproviding the highest liquidity and cheapest fees for users.\u201d FTX followed in September with a platform exclusively for United States-based customers.<\/p>\n

According to a recent report from Dapp<\/a>Radar, there may be a higher demand for NFTs in 2022 following the surge the previous year. The platform reported<\/a> that NFT trades generated $10.7 billion in the third quarter of 2021 to $11.9 billion in Q4, with the first ten days of 2022 “looking strong.”<\/p>\n

“Despite the volatile cryptocurrencies cycles, NFTs maintain a stagnant positive trend,” said DappRadar analyst\u00a0Pedro Herrera.\u00a0<\/p>\n