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Crypto Exchange FTX Launches New Ethereum-Based NFT Market

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Crypto exchange giant FTX is adding Ethereum-based non-fungible tokens (NFTs) to its arsenal of digital assets.

The company informs its 330,000 Twitter followers that the Ethereum-based NFT market is up and running just two months after the launch of its Solana-based NFT platform.

“We are excited to expand our NFT market by allowing users to buy, sell and display their Ethereum NFTs alongside their Solana NFTs for the first time! “

The change comes after FTX founder and CEO Sam Bankman-Fried said he has his eye on the nascent industry and believes that NFTs may be the only thing triggering the mass adoption of crypto.

“Now I would put NFTs in that top category in terms of probability, along with a few other things in terms of what attracts a non-crypto native audience to crypto for more than just a financial investment.

… Whether integrating video games, whether at the box office for stadiums, events or teams, I think we are seeing some very active movements on these fronts.

FTX isn’t the only major encryption switch venturing into the world of NFTs. Recently, American cryptocurrency titan Coinbase announced its own NFT market, and CEO Brian Armstrong predicted big things for the industry.

“I think this will be a very large area for crypto in the future, and it is already happening today. I mean, traditionally Coinbase focuses on FT, fungible tokens, and we are also excited about NFTs. I think it could be as high or higher. We do not know.

FTX’s native FTT token is trading at $ 51.01 as of this writing, a 9% increase from its seven-day low of $ 46.66.

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