Arabic AR Chinese (Simplified) ZH-CN English EN French FR German DE Japanese JA Portuguese PT Russian RU Spanish ES Turkish TR
Connect with us

Hi, what are you looking for?

Cryptocurrency

FTX US launches marketplace for trading Solana-based NFTs

Quick Take

  • Crypto exchange FTX.US has expanded its marketplace to support externally made Solana-based NFTs.
  • Previously, the exchange was only supporting NFTs that were minted on its website.

Crypto exchange FTX.US has fully launched its NFT marketplace, which will support trading for a range of Solana-based NFTs.

Up until now, FTX.US’s NFT marketplace had been limited to buying and selling NFTs that have been minted directly on its website. Trading of the majority of Solana-based NFT collections — such as Solana Monkey Business, Degenerate Ape Academy and Aurory — has taken place elsewhere, typically on emerging marketplaces like Solanart and Digital Eyes. But with no one established marketplace, FTX.US is now throwing its hat in the ring.

“With the launch of this platform, we hope to provide both US and global users with a regulated marketplace that is intuitive and responsive to their needs,” said FTX.US president Brett Harrison in a statement.

FTX.US’s expansion will begin with 75 NFT projects, according to Harrison. It intends to add support for all NFTs that are based on Solana’s Metaplex standard, but it does have a few exceptions. Unlike current marketplaces that have few restrictions, FTX.US is not listing projects that regulators might consider securities offerings — such as projects that offer royalties.

To help protect customers from buying fake NFTs, FTX.US will work with NFT creators to ensure that it verifies the authenticity of the NFTs available for sale.

FTX.US’s marketplace will let customers buy and sell NFTs at fixed prices and will also have an auction system — similar to how OpenSea operates. Customers can fund their accounts for buying NFTs with bank transfers, credit card payments or crypto transactions. NFTs can be purchased in US dollars, solana (SOL) or ether (ETH).

The new marketplace will also let customers withdraw NFTs from the platform to external wallets. Currently, it’s limited to Solana-based NFTs (the FTX brand is closely linked with the Solana ecosystem) but it intends to add support for Ethereum-based NFTs. Harrison said this feature will be “coming soon.”

theblockcrypto

Featured

NFT

Worldwide music and entertainment giant Warner Music Group (WMG) has joined forces with OpenSea to introduce dedicated landing pages for their artists. The WMG roster will...

Finance

Though the recent months haven’t been very good for the crypto industry, this could not deter some crypto investors from being bullish about this...

Altcoin

The down-trending market that took its resistance from $1.35134 on the 10th of September did not go too far before it begins to face...

Crypto News

Robinhood, a leading investment app, has rolled out its newest product — a crypto wallet that charges zero transaction fees to its users. For...