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FTX, Crypto Exchange Announced The Launch Of A New Ethereum-Based NFT Marketplace

Crypto exchange giant FTX is now showing support for Ethereum-base non-fungible tokens (NFTs). Of course, this is through the launch of a marketplace.

Furthermore, FTX in an announcement explains to it’s Twitter audience of 330,000 followers. Then, notes that the Ethereum-based NFT marketplace is now active. Notably, this is just in two months after the launch of its Solana-base NFT platform.

So, The Crypto Exchange FTX explains.
“We’re excited to expand our NFT marketplace, allowing users to buy, sell,…”
“and display their Ethereum NFTs alongside their Solana NFTs for the first time!”

“This move comes after FTX founder and CEO Sam Bankman-Fried said that he had his eye…”
“on the nascent sector and that he thought NFTs could be the…”
“one thing that triggers mass adoption of cryptocurrencies.”

More so, Crypto Exchange FTX adds.

“I would now put NFTs in that top category probability-wise with a couple of other things…”
“in terms of what brings a non-crypto native audience to crypto…”
“for something other than financial investing.”

So, Crypto Exchange FTX continues.

“…Whether it’s integrating with video games, whether it’s ticketing for venues, or events,…”
“or teams, I think that we’re seeing really active movements on those fronts.”

Additionally, FTX is not the first crypto exchange to go into the world of NFTs.
Of course, recently, American crypto titan Coinbase announces launching its own NFT marketplace. More so, this is as The CEO, Brian Armstrong makes massive predictions for the sector.

“I think this is going to be a very large area for crypto in the future, and it already is today…”
“I mean, traditionally, Coinbase was focused on FTs, fungible tokens,…”
“and we’re equally excited about NFTs. I think it could be as big or bigger. We don’t know.”

Lastly, FTX native token FTT is currently trading at $51.01, indicating an 9% increase from its seven-day low of $46.66.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.