Huobi Launches NFT Marketplace, Offers Discount for First Mint

Huobi launches nft
  • Huobi has launched its NFT marketplace.
  • Creators received a 50% discount on their first NFT mint.
  • Meanwhile, Coinbase is launching its NFT marketplace.

Cryptocurrency exchange Huobi has launched its very own non-fungible token (NFT) marketplace. Specifically, the marketplace started going live at 20:00 (UTC +8) on October 25. 

According to the website, creators can enjoy a 50% discount when minting their first NFT on the marketplace. Consequently, some creators took advantage of the offer and minted their token on the marketplace even before the platform opened.

However, upon initial visit to the website, users were able to observe some layout issues. 

Huobi NFT marketplace

One user also commented that the Huobi banner was misplaced.

Aside from the website layout concerns, Huobi stated that the marketplace is unavailable to users from Mainland China.

In another news, Coinbase announced that it will also have its own NFT marketplace before this year ends. The platform will be available to all users based in the US, although Coinbase said that it will be opened to people from other countries later on.

The waitlist for the Coinbase NFT marketplace has reached more than 1 million, and the exchange is expecting the list to grow longer.

NFTs are cryptographic tokens that are unique, which means that no two NFTs will be precisely identical. This is the reason why artists prefer NFTs, aside from providing a new and convenient way to sell their artworks.

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