Cryptocurrency and derivatives exchange, FTX is the latest to launch its NFTs Marketplace. The decision to launch the NFT platform is to leverage on the NFTs rave and the increased volume in the purchase of Non-Fungible tokens according to reports.
However, the FTX marketplace will only be available to users of the exchange that are based in the United States. They’ll be able to use the platform to mint, purchase or make sales of their NFTs. NFTs that are traded across Solana and Ethereum blockchains would be available for trade on the launched marketplace.
See also:El Salvador Purchases Additional 200 Bitcoins Ahead Adopting Bitcoin as a Legal Tender Today
Likewise, the deposit and withdrawal feature is expected to be integrated into the marketplace as soon as possible. This will enable the trading of external NFTs to be listed for trading on the platform via deposits.
There is a current word art that reads “test” on the newly launched marketplace. It has a bid of $13,000 with about 1 hour left at the time of this publication.
Cryptocurrency Exchanges Leveraging on the NFTs Rave
FTX isn’t the only exchange that has launched an NFT marketplace to capitalize on the volume from the industry. OpenSea; an NFT platform, crossed 3billion in volume last month. This might have prompted exchanges to create their native marketplaces for NFTs.
This year has seen Binance, the largest cryptocurrency exchange, launching an NFT marketplace around June this year with a unique 100 creators project.
Okex is another cryptocurrency exchange that has launched its own native Non-Fungible tokens marketplace where its users can mint, buy and sell NFTs.
What do you think? Share your comments below
Latest Episode on Inside Blockchain
Crypto News Update
Blue Chip NFTs: What are they and Why are they Popular?
NFTs came into the global market after the frenzy of cryptocurrencies with earlier projects like CryptoPunk in 2017. By 2021,...
Court Orders Liquidation of Three Arrows Capital
Three Arrows Capital has been ordered to be liquidated by a British Virgin Islands court. The liquidation of Three Arrows...
Iran to Roll Out Test Version of its CBDC; Crypto Rial
The Tehran government set to release crypto rial; Iran’s new digital currency. The test stage is slated to begin within...
The Harmony Horizon’s Bridge Feared Hacked for $100 Million
The Harmony network’s Horizon Bridge has been halted as it is suspected of being hacked for up to $100 million...
Move-to-earn: Get Rewarded For Your Everyday Activity on Actifit
Technology is transforming our daily lives; innovative technological solutions are having an impact on many aspects of life and living....