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    Home»Other»Coinbase develops tools for the metaverse
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    Coinbase develops tools for the metaverse

    AdministratorBy Administrator17.12.2021No Comments2 Mins Read
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    With their help, users will be able to comfortably travel through virtual worlds.

    The popular cryptocurrency exchange Coinbase is developing tools with which platform users will be able to enter the world of the metaverse. Information about this appeared in the project blog.

    • In particular, Coinbase develops tools for identifying users in virtual worlds. To create them, platform representatives plan to use the capabilities of non-fungible tokens (NFT).

    “At Coinbase, we want to help piece together all the elements of identity – essentially creating an identity as we enter the Metaverse,” reads the Coinbase blog.

    • The developments of the crypto exchange, according to its representatives, will allow users to “carry” a unique identifier through different virtual worlds.
    • To this end, Coinbase, among other things, creates tools for acquiring avatars and creating digital profiles. The project team is also developing a technology for fast entry into metaverse applications.
    • As a reminder, Coinbase made a bet on NFT after the unsuccessful completion of Q3 2021. According to the head of the crypto exchange Brian Armstrong, the division of the company associated with non-fungible tokens may, over time, surpass its crypto business in scale. As part of the Coinbase initiative, it plans to launch an NFT marketplace with elements of a social network.

    We will remind, earlier in the network there was information that Coinbase entered into partnership agreements with the manufacturer of sports goods Adidas.




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