NFT marketplace gets launched by Crypto exchange FTX for US-based users

Syed AhadWeb Editor

06th Sep, 2021. 06:44 pm
NFT marketplace

Crypto exchange FTX has announced a native NFT marketplace planned to exploit the sector’s parabolic development over the last year.

After perceiving the parabolic growth of the nonfungible token (NFT) ecosystem since the turn of the year, the famous crypto exchange FTX has come to be the newest crypto platform to publicize the unveiling of a native NFT marketplace.

Limited for United States-based clients, the platform will allow customers to mint, purchase, and sell NFTs — all traded cross-chain through the Ethereum (ETH) and Solana blockchains.

Deposits and withdrawals are as well likely to be launched in the upcoming weeks, opening up the ability to deposit external NFTs onto the platform.

In a public exhibition of the novel feature, the exchange has hurled a word-art style picture that only reads “Test.” The picture has a present offer of $1,100 and an enduring period of 19 hours.

FTX founder Sam Bankman-Fried said, “It could lead to just incredibly fast and giant adoption. It could also lead, frankly, to sort of a sour taste in people’s mouth if there’s a crash, and no one ever quite figured out what it was.”

FTX is not the first crypto exchange to division into this space throughout 2021. Straight opponent Binance hurled its own NFT marketplace in June with a different “100 Creators” project in partnership with the likes of soccer performers Michael Owen and Alphonso Davies, other than singer-songwriter Lewis Capaldi and artist Trevor Jones.

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