FTX.US’s NFT Platform Finally Supports Ethereum-Based NFTs By BTC Peers

FTX.US's NFT Platform Finally Supports Ethereum-Based NFTs

The FTX.US NFT platform has announced that Ethereum-based nonfungible coins are now supported. In addition, FTX.US announced that NFTs minted and launched on the ecosystem will be supported on its NFT marketplace in October. This means the platform is not exclusive to Solana as it used to be before; the marketplace is now open to more users.

The New York-based cryptocurrency exchange, on the other hand, is now expanding its NFT base to include works produced and housed on the blockchain. According to FTX.US, Ethereum NFTs were launched on its new NFT marketplace for the first time on Wednesday, Dec. 1 2021.

Read Also: Budweiser jumps on NFT trend with beer-themed Ethereum domain NFT

FTX.US has become the first and only NFT marketplace to feature Ethereum and Solana-based NFTs due to this recent breakthrough. Consequently, FTX.US customers may now purchase Ethereum-based NFTs from the marketplace, including Bored Ape Yacht Club, CrypToadz, and Mutant Ape Yacht Club, among others set to roll out in recent times.

Ethereum is still the most popular blockchain for NFTs. The Ethereum blockchain is where a significant percentage of the current NFTs are created and housed. For example, OpenSea and SuperRare, two NFT marketplaces, manufacture and sell their NFTs as ERC-721 tokens.

Also related: NFTs are not inherently flawed, says Ethereum protocol developer

As giants like Binance and Coinbase (NASDAQ:) expand their operations, the NFT industry becomes increasingly competitive. In recent months, FTX.US has been increasing its offerings. In August, the crypto exchange purchased LedgerX to begin offering derivative trading services in the United States. In addition, Coinbase, a significant US exchange, revealed in October that it had started construction on an NFT marketplace. Within a few weeks of its announcement, the crypto exchange had over a million signups for its platforms.

Binance is the world’s largest cryptocurrency exchange, and its NFT marketplace is gaining popularity. As additional competitors enter the NFT market in the future, the competition will only become more robust.

Continue reading on BTC Peers

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link


Latest articles

Related articles

Leave a reply

Please enter your comment!
Please enter your name here