Coinbase’s NFT platform aims to differentiate from existing platforms by combining a marketplace experience with social media features.

Coinbase — and centralized NFT exchanges — will have significant advantages when it comes to capital, custody, distribution, brand, IP and partnerships, and vertical integrations.

However, centralized exchanges will also have significant disadvantages related to listing certain NFTs, regulatory compliance, and integrating permissionlessly with the rest of the Web3 ecosystem.

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