Here’s How Coinbase Is Planning To Join The Metaverse

As everyone from Meta ( (MVRS) – Get Meta Report) and Roblox ( (RBLX) – Get Roblox Corp. Class A Report) to Nike ( (NKE) – Get NIKE, Inc. Class B Report) expand into the metaverse, the latest company to lay out a plan for doing so is Coinbase ( (COIN) ).

Built through a combination of virtual reality, augmented reality and video, the metaverse is a broad word referring to an online world that is currently popular with streamers and gamers but is increasingly being adapted by the broader public.

In a Medium blog post published on Thursday, the cryptocurrency platform’s CEO Brian Armstrong and Identity Product Lead Alex Reeve wrote that Coinbase is planning to launch username-based NFTs.