FTX.US, the US subsidiary of FTX global exchange, has announced the launch of a new NFT Marketplace that will support Solana-based NFTs.
The announcement states that the new NFT Marketplace will allow Solana tokens to be minted, stored, authenticated and exchanged on a US-regulated platform. He also plans to roll out support for Ethereum NFT in the near future.
For US customers only for now
According to the announcement, the market will have some of the lowest fees of existing NFT markets. It also mentions that the FTX NFT platform and its services will be available exclusively to FTX US customers.
It further states that FTX US will support NFT auctions with a bidding system, in addition to listing NFTs with a fixed purchase price. FTX US will work directly with the creators of the Solana project to ensure the verification of the authenticity of the NFTs brought to market from the Solana ecosystem. All Solana NFTs that conform to the Metaplex standard will be supported on the FTX US platform.
Brett Harrison, president of FTX US, commented on the news, stating, “We decided to create an NFT market on FTX US after immersing ourselves in the NFT ecosystem. By learning about so many of these projects, we have come to a complete understanding of the needs of creators and collectors in space. With the launch of this platform, we hope to provide US and global users with a regulated market that is intuitive and responsive to their needs. "
The NFT craze
NFTs have taken the cryptocurrency industry by storm, and many platforms are finding ways to integrate and offer services in one shape or form in space. Most NFTs come in the form of digital art, but they have evolved to be much more because they have use cases and applications that are still being discovered. An example will be the application in play-to-earning gaming services such as that of Axie Infinity and the application of NFTs in the real estate sector.
The desire to offer these services in some form or form has caused a frenzy in the NFT market with millions of transactions established and traded on a daily basis. Open Seas, a leading NFT platform for digital art trading, has a transaction volume of over $ 2,81 billion (802,25 Ether at quotation current) in the last 30 days.
Visa bought an NFT set called "CryptoPunks" for $ 150.000 and Ripple, the creators of the XRP token launched a $ 250 million fund for creators, markets and brands to explore new use cases for non-fungible tokens (NFTs) on its blockchain, the XRPL.
Many analysts have argued that the NFT space, especially that of digital art, is in a bubble, but that hasn't stopped many from making a good deal of money trading digital art.
The announcement also mentions that Marketplace users can fund their accounts for buying and offering on NFT with cryptocurrencies, ACH bank wire transfers, bank wire transfers, or credit cards. He added that the new NFTs minted on the Marketplace can be listed in USD, SOL or ETH.
