Crypto Exchange FTX Joins The NFT Trend, Launches NFT Marketplace.

Hosted on Both main FTX exchange and FTX.US exchange websites.
Crypto Exchange FTX Joins The NFT Trend

To meet the growing demand, exchanges all across the world are launching their own NFT marketplaces, and the popular crypto exchange FTX joins the NFT trend. The Hong Kong-based cryptocurrency exchange FTX opened a marketplace for non-fungible tokens.

The number of NFTs already listed on the market is hosted on both main FTX exchange and FTX.US exchange websites.

Several of FTX’s NFTs are associated with physical things and can be “redeemed” for their tangible counterparts. For instance, An NFT associated with a photograph of three KAWS statuettes should result in three actual KAWS statuettes.

One new NFT token, “SBF lunch,” redeemable for an in-person lunch or 30 minutes zoom call with FTX CEO Sam Bankman-Fried. The most significant bid for the NFT at the time of writing was $100,000.  The bidding for the NFT closes on June 17.

These tokens appear based on Solana and Ethereum. Block explorers for both platforms are available to view on the platform. Some other NFTs include FTX and FTX.US branded caps, hoodies, t-shirt, and socks.  Several third parties have also listed NFTs.

Users of the marketplace will be able to buy, sell and hold NFTs. They will also “Soon” be able to withdraw tokens to their personal wallet, according to a statement on FTX’s website. FTX will charge both purchaser and seller on NFTs 5% fee.

NFTs made global headlines when MetaKovan (also known as Vignesh Sundaresan) paid $69.3 million for an NFT created by Digital artist Beeple.  Made the acquisition during march sale conducted by centuries-old auction house Christie’s.

FTX’s NFT platform follows Binance announcement last month about the launch of an NFT platform in June. Binance owned Wazrix and South Korea’s korbit crypto exchange has already launched their NFT platforms.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts