The U.S. arm of the cryptocurrency exchange, FTX, is now entering the NFT market with a platform in the Solana ecosystem.
Another Push to Solana-based NFTs
FTX.US launched its NFT marketplace on Oct.11 based on the Solana blockchain network through which users can trade existing NFTs, create new NFTs, auction them, and even authenticate NFTs.
All Solana-based NFTs that adhere to the Metaplex standard will be supported by the marketplace. In the near future, the platform also plans to inculcate NFTs based on the Ethereum blockchain. Any newly minted NFTs on the marketplace can be listed in ETH, SOL or, USD.
“The NFT ecosystem has started to infiltrate pop culture but has been lacking a platform that provides easy access and exposure to the mainstream audience. With the FTX NFT Platform, we have the ability to provide simpler, safer, and easier tools to remove the barriers to entry for that audience to enter the NFT space,” explained Brett Harrison further on their motive for stepping into the NFT marketplace through the official press release of the launch.
Since FTX.US is completely regulated in the United States, apart from users from certain restricted regions, users in the country can manage their NFTs in a secure manner. While both US and non-US residents can sign up for an FTX US account and access the newly launched NFT marketplace.
FTX is essentially a cryptocurrency derivatives exchange led by Sam Bankman-Fried, one of the most eminent figures of the cryptocurrency markets. Its U.S. arm, FTX.US is one of the top ten spot crypto trading exchanges in the world, as per volume data from CoinMarketCap.
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Source : solana.news