Crypto Exchange FTX Launches New Ethereum-Based NFT Marketplace

Crypto Exchange FTX Launches New Ethereum-Based NFT Marketplace

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

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

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

This move comes after FTX founder and CEO Sam Bankman-Fried said that he had his eye on the nascent sector and that he thought NFTs could be the one thing that triggers mass adoption of cryptocurrencies.

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

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

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

“I think this is going to be a very large area for crypto in the future, and it already is today. I mean, traditionally, Coinbase was focused on FTs, fungible tokens, and we’re equally excited about NFTs. I think it could be as big or bigger. We don’t know.”

FTX’s native token FTT is exchanging hands at $51.01 as of writing, an 9% increase from its seven-day low of $46.66.

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Featured Image: Shutterstock/RDVector

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