• The FTX digital asset exchange is launching its NFT marketplace

  • Non-Fungible Tokens (NFT) have gained mainstream attention in the art world. The popularity of such crypto tokens was seen plummeting in mid-May as the market crashed. However, based on the current market, it appears that the craze for NFTs is resuming. FTX, a crypto assets exchange that provides trading services, recently launched its own native NFTs marketplace. The platform is intended to capitalize on the industry’s previous year’s parabolic growth. It is worth noting that crypto exchanges such as FTX and OKEx are introducing their platforms for the production of NFTs.

    FTX will launch an NFT marketplace.

    In recent years, the NFT ecosystem has expanded dramatically. Since the beginning of this year, the industry’s growth has been unmistakably parabolic. As a result of such a scenario, FTX, a large crypto assets exchange, has become the most recent platform to launch an initial NFT hub.

    The exclusive NFTs market in the United States

    Notably, the platform is only available to clients based in the United States. As a result, users will be able to mint, buy, and sell Non-Fungible Tokens on the marketplace. All of these tokens can be traded on the Ethereum and Solana blockchains.

    Deposit and withdrawal features, on the other hand, are expected to be introduced in the coming weeks. Finally, the platform will enable the deposit of external crypto tokens onto the FTX exchange’s marketplace.

    For $1,100, you can get a word art style “Test” image.

    The exchange has a public display of the new outline during the platform’s launch. A word-art style image with the word “Test” has been released. Notably, the image has a current bid of $1,100 and a remaining time of 3 hours as of press time.

    In a recent interview, Sam Bankman-Fried, the founder of the crypto exchange, asserted buzzer. He pursued the rapid transition of the NFT ecosystem, implying that investors may become vulnerable in such a vibrant market if they are not properly educated on the potential risks.

    Crypto exchanges are interested in the NFTs exosystem.

    It has been observed that FTX is not the only digital asset exchange to enter the NFT space this year. Binance, a direct competitor, also launched its marketplace in June with a unique “100 Creators” project in collaboration with soccer players Michael Owen and Alphonso Davies. Binance also included singer-songwriter Lewis Capaldi and artist Trevor Jones on its roster.

    OKEx, the crypto spot and derivatives exchange, has, on the other hand, launched its marketplace. Users can also mint, buy, and sell such crypto tokens within the exchange’s native ecosystem.

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