FTX US to Launch FTX NFTs Marketplace

Scott CookOctober 12, 2021Last Updated: October 12, 2021

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FTX US recently announced the launch of a new marketplace, FTX NFTs. The platform will allow FTX users to transfer NFTs to the marketplace, and mint NFTs, providing complete control to creators.

For the initial stage, the marketplace will support NFTs on Solana with plans to offer support for Ethereum-based NFTs in the future. Since FTX is already a huge name in the US crypto industry, the latest announcement enticed traders to find an FTX review to understand its operations.

FTX NFTs will offer a regulated exchange where users can authenticate, trade, mint, and hold NFTs. Moreover, the marketplace boasts the lowest fees currently charged in the NFT industry. Users should note that only FTX US customers can access the solutions. However, users can apply for the FTX US account with a simple procedure.

Brett Harrison, FTX US President, talked about the development. According to Brett, FTX decided to develop a marketplace after being immersed in the NFT industry. After comprehending the sector and multiple projects, the exchange has figured out what collectors and creators demand. The latest platform is an attempt to assist both US-based and global customers with a regulated exchange that is responsive and intuitive.

The marketplace will support NFT auctions with a seamless bidding system. Moreover, it will perform the primary job of listing NFTs for a fixed price. The platform will directly collaborate with Solana creators to maintain completely authentic NFTs on the marketplace. FTX US will support every Solana NFT that meets the Metaplex standard.

FTX users can fund the accounts for bidding or purchasing NFTs via cryptocurrencies, wire transfers, credit cards, or ACH bank transfers. They can also list the newly minted NFTs in SOL, ETH, or USD.

Brett added that the NFT industry has already breached pop culture. However, it lacks exposure and easy access to cater to mainstream users. The latest FTX NFT marketplace will offer the solutions to facilitate safer, easier, and simpler tools to enter the NFT industry.