Cryptocurrency exchanges have begun to understand the potential of the non-fungible token space. FTX has announced the launch of a service for the issuance and sale of NFTs.
Users of the cryptocurrency exchange will now be able to independently transform their works into collectible tokens and sell them on the integrated market. At the same time, the service will also work for American users through the FTX.US platform.
How reported FTX CEO Sam Bankman-Fried, all issued NFTs will be cross-chain and will be present on Ethereum and Solana networks. For now, users can only create, view and trade NFTs on the site, but in the next couple of weeks, the service will receive the function of depositing and withdrawing NFTs. That is, users will be able to make deposits in collectible tokens and sell them on the market from an FTX account.
Exchange commissions on the FTX non-fungible token market are very high – the site takes 5% of the transaction amount from both the seller and the buyer. Thus, each sale of NFT brings the exchange 10% of the transaction amount.
Now the NFT area is the most popular in the cryptocurrency industry. Trading volumes of collectible tokens are growing by leaps and bounds. In early August, the volume of NFT sales in the Axie Infinity game exceeded $ 1 billion, and at the moment has reached $ 1.8 billion. The trading volume with CryptoPunks tokens also exceeded $ 1 billion.
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