The FTX NFT market will begin with non-fungible tokens on the Solana blockchain, expanding to the dominant Ethereum soon.
Sam Bankman-Fried’s FTX U.S. cryptocurrency exchange has launched a new marketplace for NFTs on the Solana blockchain.
It will be available exclusively to FTX U.S. customers. FTX U.S. President Brett Harrison said:
"The NFT ecosystem has started to infiltrate pop culture, but has been lacking a platform that provides easy access and exposure to the mainstream audience. With the FTX NFT Platform, we have the ability to provide simpler, safer and easier tools to remove the barriers to entry for that audience to enter the NFT space... We hope to provide both US and global users with a regulated marketplace that is intuitive and responsive to their needs.”
FTX NFT will offer both auction-based and fixed pricing, and can be listed for U.S. dollars, as well as Solana or Ether. The exchange will operate under U.S. regulations, including Know Your Customer identity verifications.
While FTX NFT launched first on the Solana blockchain — a competitor to Ethereum, the dominant blockchain for non-fungible tokens — the exchange plans to roll out support for Ethereum-based NFTs soon.