New Ethereum-Based NFT Marketplace Launched BY Crypto Exchange FTX

Snapshot

• FTX launches Ethereum-based NFT

FTX, a crypto exchange giant has added Ethereum-based non-fungible tokens (NFTs) to its arsenal of digital assets.

Through its Twitter account, FTX informed its 330,000 followers that Ethereum-based NFT marketplace is now up and running, only two months after the launch of its Solana-based NFT platform.

This move came after CEO and founder of FTX, Sam Bankman-Fried said, “That he is eyeing the nascent sector and he believes that NFTs could be the one that will trigger mass adoption of cryptocurrencies”.

Apart from FTX some other major crypto exchanges have also invested into the world of NFTs. Coinbase, an American crypto titan also announced its own NFT marketplace, and their CEO Brian Armstrong, made big predictions for this sector in the coming time. Armstrong believes NFTs to be a very large area for crypto in future.

At present FTX’s native token FTT is exchanging at $51.01 which is a 9% increase from its 7 day low of $46.66.

Disclaimer: The article should not be considered as any financial advice. It is advisable to conduct thorough research before investmen

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