In Brief:
- FTX launches NFT minting platform
- FTX users can now trade their NFTs cross-chain using Ethereum and Solana.
- This feature is available for both US and non-US users via FTX.US .
Leading cryptocurrency derivatives exchange FTX launches a non-fungible tokens (NFT) minting platform on its U.S version.
According to the announcement by FTX CEO, Sam Bankman-Fried, NFT creators and owners can trade their NFTs cross-chain using Ethereum and Solana.
FTX users can directly create their own artworks and mint them as NFTs on the exchange to be sold within its marketplace. In a series of tweets, SBF disclosed that you can only store and view these NFTs within the exchange. But FTX’s marketplace will be expanding to support withdrawals and deposits within a few weeks.
The CEO also noted that “Both US and non-US users can use FTX US!” Buying and selling NFTs doesn’t come cheap, though. FTX charges 5% to the buyers and to the seller per sale – a 10% fee in total, according to the overview.
As various NFT trading volumes take place on the Opensea and Rarible. Due to this situation, crypto exchanges think they can directly offer their millions of customers the same services. Recently, Binance and Okex also launched the NFT marketplace.
FTX also minted a “text” NFT by artist “SBF”, which comedically displays a simple drawing of the word “test” on white background. Surprisingly, the NFT currently has a bid of $2,000.
