The main takeaway:
- San Francisco-based crypto exchange FTX.US has started offering Solana NFTs on its website
- The new market is set to include 75 groups, with support for more to come
- According to the head of FTX.US, the Ethereum-based NFT “is coming soon”
Crypto exchange FTX.US has added support for Solana’s non-fungible (NFT) tokens that are based on Solana’s Metaplex standard. The exchange lists 62 Solana sets and 370 minted sets on the FTX.US website, as of this moment.
FTX.US wants to compete with NFT markets such as Solanart and Digital Eyes
The listing of Solana-based NFTs marks the first time that FTX.US has hosted non-minted NFTs directly on its website. FTX.US users can now purchase unique digital items belonging to prominent NFT groups, such as Cyber Frogs and Degenerate Ape Academy.
The company announced the launch of the new Solana NFT Marketplace on Twitter.
Solana was one of the most successful digital assets in 2021, gaining more than 9,300%, due in large part to prospective NFT sales. For example, the NFT for Degenerate Apes continued to sell just 8 minutes before the items sold, with the highest priced NFT selling for 100,000 SOL (worth over $6 million USD at the time).
FTX.US plans to list 75 NFT projects in the near future, and is looking to expand its offerings in the coming months. In an effort to stay clear with the regulators, the exchange decided not to list NFT projects that could be considered securities, i.e. projects that pay royalties.
FTX.US uses a similar approach as OpenSea, which allows users to exchange NFTs at fixed rates, or by entering into an open auction. Users can use USD, SOL, or ETH to purchase NFT items.
Statement by FTX.US President Brett Harrison on the listing of Solana-based NFT Groups on the trading platform:
“With the launch of this platform, we hope to provide American and global users with a structured marketplace that is intuitive and responsive to their needs.”
While the US-based exchange currently offers Solana and native NFT blockchains, FTX.US reportedly plans to add support for Ethereum-based NFTs as well.
David is a cryptocurrency enthusiast and an expert in personal finance. He has authored several publications for different platforms. He loves to explore new things, and this is how he discovered blockchain in the first place.
