Crypto exchange FTX launches native NFT marketplace for US customers

FTX exchange finally launched its own NFT marketplace exclusively for the US customers. 

In the present time, NFTs based crypto platforms are becoming a huge trend and also NFTs based artwork are also in huge demand because everyone wants to make money and not to collect the artwork. Almost every platform wants to go through NFTs. FTX became the latest to enter in NFTs platform business.

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FTX crypto exchange launched his own NFTs marketplace. This market place will allow the collection of NFTs artwork on Ethereum and Solana blockchain. 

It is also known by the reports that they will allow deposit of the NFTs artwork of third party platforms in the incoming weeks. 

For now, the team of FTX minted a word-art style image “Test“. Which is available to place bids. Right now the bid for “Test” is $1100 and the time remaining to put more bids is around 18 hours.

In an interview on CNBC, Sam Bankman-Fried, FTX founder, said that in the present time huge growth of the market and lack of education may lead to risk for the Investors. 

“It could lead to just incredibly fast and giant adoption. It could also lead, frankly, to sort of a sour taste in people’s mouth if there’s a crash, and no one ever quite figured out what it was.”

Here probably, FTX founders want to say that their platform is better and easier to use with better understanding. But here we should not forget that FTX exchange is not only in the field of NFTs marketplace, already Binance launched its NFTs marketplace in June. 

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