Crypto Exchange FTX is the latest entrant to the NFT space. The Hong Kong-based crypto company has launched its NFT marketplace for trading NFTs.
The marketplace is hosted on both FTX.com and FTX.US, the exchange’s U.S. arm. Several NFTs have already been listed for sale on both websites.
FTX NFT Marketplace to feature unique tokenized assets
FTX’s new marketplace will feature several unique tokenized assets that clients can bid on. Some of these NFTs are also linked to real-world objects.
For example, the “SBF Lunch” NFT can be redeemed for an in-person lunch or 30-minute Zoom call with FTX CEO Sam Bankman-Fried. The highest bid for this NFT has reached $110,000 (at the time of writing).
Similarly, another NFT linking to an FTX-branded condom can be redeemed for an FTX condom. KAWS statuettes, t-shirts, branded caps, and socks are some of the other NFTs available on the marketplace.
On the marketplace, users can buy, sell, and hold NFTs. Soon, users will also be able to withdraw their NFTs to personal wallets, FTX said in a statement. In addition, users will be able to display their personal gallery of NFTs.
The platform is based on Solana and Ethereum. FTX will charge a 5% fees to both the buyer and seller of NFTs.
Crypto exchanges enter the NFTs space
FTX is not the only crypto exchange to hop on the NFT bandwagon. Recently, Binance announced that it would launch its NFT marketplace in June. Last week, Binance-owned WazirX also launched India’s First NFT Marketplace.
Amid the recent NFT boom, it comes as no surprise that an increasing number of crypto exchanges are entering the NFT space.
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