Cryptocurrency exchange Coinbase's non-fungible token (nft) marketplace has launched a new ai-generated nft feature.
According to an X post on January 18, Coinbase is introducing a new “Instamint” feature to the marketplace that allows users to create NFTs using artificial intelligence (ai).
For a limited period, Coinbase is offering a free nft transaction experience, although users will still incur ethereum gas fees that cover the cost of recording transactions on the blockchain. The new tool is currently available in beta.
To generate their own nft, users must upload an image from which the token will be created. It is also necessary to indicate the name and description of the nft, as well as its price (at the user's discretion) starting at $0.01.
<img decoding="async" width="1024" height="663" src="https://crypto.news/app/uploads/2024/01/Screenshot-2024-01-18-at-13.07.47-1024×663.png” alt=”Coinbase Introduces ai-Generated nft Creation – 1″/>
Coinbase has become another exchange that has supported artificial intelligence technologies. Notably, major cryptocurrency exchange Binance introduced Binance Bicasso last year, an ai nft generator that allows users to create personalized digital artwork by sending text or images. This strategic move demonstrates the industry's commitment to harnessing the potential of ai, making 2023 the year of widespread ai impact on nft platforms.
The Coinbase exchange announced the launch of a platform for non-fungible tokens in May 2022. According to the platform, Coinbase nft will provide users with the ability to issue, purchase, and display collectible digital assets.
