Coinbase is diversifying with NFT Marketplace which is Instagram for Web3 🖼; Another bold move: Brex buys financial management platform Pry 💸; Y Combinator clone from Andreessen Horowitz 🚀
Good Morning FinTech, 21 April
Good day Everyone,
And happy Thursday! Despite we’re almost done with this week, the excitement in the space seems to only go up. Check it out yourself, as these 3 great FinTech stories just can’t be ignored:
Coinbase is diversifying with NFT Marketplace which is Instagram for Web3 🖼
The launch 🚀 Coinbase ($COIN), America’s largest crypto exchange, has finally launched a version of its non-fungible token marketplace. Announced last year, its NFT product garnered a 3 million person-long wait-list.
More about this 👉 The marketplace will launch in beta with zero transaction fees, will support Ethereum-based NFT trading and “all sorts of self-custody wallets,” enable fiat purchases made via credit cards and incorporate social media functionality as it aims to distinguish itself from competitors like OpenSea.
Ultimately, this move is all about diversification. Oh, and it seems that Coinbase didn’t launch an NFT platform - it launched a Web3 Instagram… 🤯 Here’s the takeaway: