Crypto Exchange FTX Launches New Ethereum Based NFT Marketplace

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Crypto exchange giant FTX is adding Ethereum-based non-fungible tokens (NFTs) to its arsenal of digital assets.

The company informs its 330,000 Twitter followers that the Ethereum-based NFT marketplace is up and running, just two months after launching its Solana-based NFT platform.

“We are excited to expand our NFT marketplace, allowing users to buy, sell and display their Ethereum NFTs alongside their Solana NFTs for the first time! “

The move comes after FTX Founder and CEO Sam Bankman-Fried said he has his eye on the nascent industry and believes NFTs may be the only thing triggering massive crypto adoption. -coins.

“I would now put NFTs in that higher category in terms of probability along with a few other things in terms of what brings a non-crypto native audience to crypto for something other than financial investing.

… Whether it’s integrating video games, whether it’s ticketing for venues, events or teams, I think we’re seeing some very active movements on those fronts.

FTX isn’t the only major crypto exchange to venture into the world of NFTs. Recently, US crypto titan Coinbase announced its own NFT marketplace, and CEO Brian Armstrong predicted big things to come for the industry.

“I think this is going to be a very big area for crypto going forward, and it already is today. I mean, traditionally Coinbase has focused on FTs, fungible tokens, and we’re excited about NFTs as well. I think he could be as tall or taller. We do not know.

FTX’s native FTT token trades hands at $ 51.01 at the time of writing, a 9% increase from its seven-day low of $ 46.66.

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