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FTX Launched An NFT Marketplace Exclusive For US-based Customers

FTX Launched An NFT Marketplace Exclusive
  • FTX exchange recently launched its native NFT marketplace, catering to US-based customers.
  • FTX decided to do this after witnessing NFTs parabolic growth since the beginning of the year.
  • According to reports, FTX is the most recent crypto platform to announce its launch of a native NFT marketplace.

NFTs or non-fungible tokens are taking the world by storm. Over the past months, big companies and famous personalities have shown interest in NFTs, purchasing one of their own.

In line with this, FTX surprised the world by displaying a word-art style image that simply read “Test.” More so, as FTX’ followers deciphered, this was FTX’ way of displaying its new feature—the launch of their own NFT marketplace.

Right now, its highest bid is $2,000 with a total of 22 bids, and a 15-hour time remaining.

At present, FTX only allows users to view and store NFTs within the exchange. Further, the new feature that FTX launched will soon allow deposits and withdrawals. Through this, users will be able to “sell mainstream NFT projects on the exchange.”

Furthermore, FTX’ new project is an NFT marketplace exclusive for US-based customers. The platform will allow the users to mint, buy, and sell NFTs. Also, all NFTs will be cross-chain—across the Ethereum and Solana blockchains. FTX CEO Sam Bankman-Fried claimed this.

However, it is important to note that FTX mentioned that it will charge 5% to the buyer and to the seller on each sale—with a total of 10% fee.

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Cho Amisola is a passionate writer for both creative writing and digital publishing. She’s been featured and published in both areas and is now focusing on blockchain news.