Coinbase NFT is the next big thing to come from the NFT world and you should not miss this chance.
This is really your great opportunity to own free NFTs, all you need to do is to join the waitlist. New to NFT? Read a little about NFT and how you can join the Coinbase NFT waitlist.
What Is NFT?
NFT simply means non-fungible token. By non-fungible it means it is unique, indivisible and rare. They are digital assets that can not be exchanged for another. NFT includes drawings, songs, items in video game, GIF, etc.
In the real sense, we can say that NFT is a unique, indivisible and non-interchangeable data unit that is stored on the Blockchain.
Opposite of non-fungible is fungible which means it can be interchanged because they are identical. Non-fungible means none of the assets are identical.
For example, Ethereum can be exchanged for another Ethereum because they are identical, no NFT can be exchanged for another NFT.
With NFT, you can buy and sell ownership of unique digital items and the Blockchain will keep track of the item ownership.
To make it simple, NFT is a digital version of owning autograph, art, or anything digital. For example, the NFT of Twitter owner’s first ever tweet was sold for $2.9million. The Twitter owner, Jack Dorsey retains control of the tweet but the buyer owns it like an autograph, that is a perfect example of NFT.
Most NFTs are part of Ethereum Blockchain because the Blockchain supports NFT which stores different information making them work differently from the ETH coin.
So in the real sense, you can easily say that NFT have unique codes and metadata which differentiates them from each other.
They can not be traded or exchanged unlike cryptocurrencies. They can be used to represent real life items like real estate, artwork and autograph.
It can also be used to represent people’s identities, right of property and others.
NFT can be used for identity management or to connect artists with audiences because they are based on blockchains.
NFT is currently centered around collectibles like Digital work, rarities, sports cards, in-game items like avatars, digital and non-digital collectibles, event tickets and domain names.
What Is Coinbase?
Coinbase is a digital currency exchange platform that allows cryptocurrency investors to store, sell, and buy cryptocurrencies. COinbase is unarguably the largest cryptocurrency exchange platform in the United States. You can buy, sell, transfer, and store cryptocurrency securely with Coinbase.
How To Get Coinbase NFT
To get the Coinbase NFT, you need to join the waitlist now to stand a chance of gaining early access to the NFTs once they are released, all that is needed is a functional email. To get the Coinbase NFT, follow the steps below.
- Click here to start the process.
- Insert your email address and click Join or Okay.
- Go to your email box and click on the mail from Coinbase, open the mail and click on ‘Click here to verify your email’.
- It will open the coinbase page and you have successfully joined the waitlist.
You will be notified by Coinbase when to sign up and create your account. To climb the leaderboard, copy your referral and share it to your friends and contacts.
To check your Coinbase NFT leaderboard and know your standing, open the second email sent to you by Coinbase, scroll down and click on the link that has your referral code.