FTX launched the Solana NFT marketplace for all US-based customers, as we can see from the tweet posted by the exchange today. We read more about it in today’s altcoin news.
The Solana NFT marketplace has officially launched, according to the latest tweet from the exchange, so any NFT collection on the new platform must be on the Solana blockchain first, but there are plans to support tokens. ETH-based notifications are the industry standard. The US branch of the FTX.US exchange will enable users to coin, hold and trade NFT on the marketplace integrated into the platform.
Solana NFT Marketplace is active on @ftx_us!
How to load NFT into FTXUS: https://t.co/mg87scI6sy pic.twitter.com/vHe2t9EJ56
– FTX – Built by dealers for dealers (@FTX_Official) October 11, 2021
The marketplace charges buyers and sellers a 2% fee for each sale or transaction, plus a $ 1 fee for minting NFTs. All tokens on the platform will use the Metaplex Solana protocol, which means that it is hardly compatible with other leading markets unless they are built into the technology. Due to regulations, FTX has strict KYC requirements for NFT trading that are not required in other markets like OpenSea. This can prevent artists from wanting to remain anonymous while promoting their work.
1 / Some quick updates:
-40 of our approx. 70 tested collections are shown. If you’re verified and haven’t been in the market yet, all you and your community need to do is submit your NFT. They will automatically create and populate a verified collection page for you!
– Brett Harrison (@Brett_FTXUS) October 11, 2021
FTX supports bank transfers and credit card purchases for NFT with newly minted tokens listed in USD, SOL, and ETH.
FTX launched the Solana NFT marketplace, and now the platform’s founder, Sam Bankman Fried, has not elaborated on why the system is based on the Solana network. Brett Harrison, President of FTX.US said:
“We decided to create an NFT marketplace on FTX US after immersing ourselves in the NFT ecosystem. The ecosystem has started to infiltrate popular culture, but it still lacks a platform that provides easy access and exposure to a mainstream audience. ”
Harrison says roughly 40 of the 70 collections verified are visible. Solana’s SOL token burned this year, fueling the momentum of the exchange marketed in the US. SOL is down slightly today but down 5.5% last day. SOL is also changing hands at $ 143, down 14.5% last week. This token is down 33% versus the ATH from $ 213 but has risen nearly 300% since early August, while the FTT token is down 2% over the day, trading at $ 53, but then up 37% versus the ATH of $ 84.
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