Coinbase unveils NFT marketplace with an eye on growth, revival

Coinbase Global’s marketplace for nonfungible tokens is finally here in what could be key to reviving the crypto exchange’s growth prospects a year after its fizzling public debut.

A trial version of its long-awaited platform — designed to sell ownership of digital art and possibly other items — was unveiled on Wednesday in the company’s latest attempt to diversify its revenue and bring more predictability to the business.

When Coinbase went public a year ago, investors had high hopes for a growth story. But with sales growth expected to go from triple digits in 2021 to negative this year, shares have tanked