In Brief:
- FTX opened trading for Ethereum-based NFTs.
- FTX is now the only NFT marketplace to support both Ethereum and Solana NFTs.
FTX opened trading for some of the Ethereum based top non-fungible tokens (NFTs) on the FTX U.S. marketplace. The rollout comes more than a month after FTX.US witnessed a largely underwhelming Solana-based NFT debut.
FTX.US President Brett Harrison also confirmed that the platform will now support ERC-721 collectibles and feature popular collections such as CryptoPunks and the Bored Ape Yacht Club upon launch. Last week, FTX released a teaser image showing silhouettes from the Cool Cats and Doodles collection as well.
FTX is now the only NFT marketplace to support both Ethereum and Solana NFTs. As per the tweet from the exchange, users can buy, sell, and display their Ethereum NFTs alongside their Solana NFTs for the first time.
Ethereum is the top blockchain for NFTs as many of the leading NFT marketplaces, such as SuperRare and OpenSea, both of which primarily mint and sell their NFT as ERC-721 tokens-the native currency of the Ethereum blockchain.
That’s the reason why many of the most expensive NFT collectibles such as Bored Ape Yacht Club, CryptoPunk, Mutant Ape Yacht Club, and CrypToads are Ethereum-based. The move has mounted a challenge to top-tier market-leader OpenSea and also tumbled rival exchange Coinbase.Â
