Crypto Exchange FTX US Announces New NFT Marketplace

FTX US is the latest leading US cryptocurrency exchange to announce the launch of its own NFT platform. The new marketplace, named FTX NFTs, will allow users to create NFTs, transfer existing ones to the marketplace, and also provide creators with full control in how they sell their NFTs.

Initially, the platform will only support NFTs on the Solana blockchain; support for Ethereum integration will be rolled out at later stage. FTX US will be one of the NFT platforms with the lowest fees in the hopes of attracting a wider audience. Users will be able to list NFTs for sale in USD, SOL or ETH.

Brett Harrison, President of FTX US, stated: “We decided to create an NFT marketplace on FTX US after becoming immersed ourselves in the NFT ecosystem. In learning about so many of these projects, we’ve come to a comprehensive understanding of the needs of creators and collectors in the space. With the launch of this platform, we hope to provide both US and global users with a regulated marketplace that is intuitive and responsive to their needs.”

In addition to offering fixed-price NFTs, FTX US will also have an auction feature with a bidding system. The company has said that it will work directly with project creators to help ensure the authenticity of NFTs. All Solana NFTs must comply with the Metaplex standard in order to be listed on the FTX US NFT marketplace.

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,” said Harrison. The competition between NFT marketplaces is certainly getting stiff, and we are yet to see which ones will manage to attract a steady audience and stay at the top.

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

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