Reportedly, Sanchan Saxena, the Vice President of product at Coinbase, took to the firm's official blog post and disclosed the Coinbase NFT waitlist. The Vice President announced the “insane” amount of 1.1 million people signing up to the waitlist temporarily broke the site. In addition, the platform dubbed “Coinbase NFT” will initially support the Ethereum-based ERC-721 and ERC-1155 token standards. Coinbase even plans to expand support for other Blockchains in the future.