For example, the final cost of an NFT priced at the equivalent of $40 in Ethereum might reach $150 to $200 due to gas fees. When the NFT is purchased, it is stored in a crypto wallet on the same blockchain, on a different blockchain, or in decentralized storage.
Read moreCan I sell NFT on Coinbase?
The cryptocurrency exchange already allows users to store NFTs in its external Coinbase wallet. But its new NFT marketplace product will make it easier than ever for users to mint, showcase, buy, and sell NFTs .
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