NFT was the buzzword in 2021, setting new records for Google search queries and transaction volumes. The meteoric rise of NFTs makes it apparent that the population is open to accepting this new form of art and tech. NFTs are a historical step for mankind, marking the first juncture of perfect integration between technology and art. It has sparked debates, made artists rich, and opened an entirely new market. As a natural progression, payment companies would want to make the most of this opportunity by offering new ways for customers to buy NFTs. To capitalize on this opportunity, payment giant MasterCard has decided to partner with Coinbase to offer its customers an easier NFT buying experience. People buy NFTs primarily from NFT marketplaces like OpenSea. Payment options in these NFT marketplaces are not very varied and many people find it difficult to find a payment gateway of choice.
Coinbase is all set to join the NFT space with its planned NFT marketplace. The cryptocurrency exchange recently announced the new Coinbase NFT and urged customers to sign up for early access. As part of the agreement with MasterCard, Coinbase NFT will make it possible for MasterCard debit and credit card holders to buy NFTs directly from the platform. It would make the NFT buying experience much easier than it was. MasterCard also shared news of the same and expressed their hopes and aspirations from the partnership. Buying NFTs would be easier than ever with Coinbase NFT and the ability to buy NFTs through MasterCard.