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FTX.US NFT marketplace expanded to support Solana tokens

FTX.US’s NFT marketplace has expanded support to the Solana blockchain. This would enable users to trade, deposit and withdraw NFTS that follow the Metaplex token standard.

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FTX.US’s NFT marketplace has expanded support to the Solana blockchain. This would enable users to trade, deposit and withdraw NFTS that follow the Metaplex token standard.

FTX announced the expanded functionality, revealing the marketplace also HAS plans to support Ethereum-based tokens in the future. Brett Harrison, the president of FTX.US, said that the firm is looking to provide

“simpler, safer and easier tools” for mainstream users to trade NFTs via its marketplace’’

In addition to supporting crypto assets, users can purchase or bid on NFTs via bank transfers, wire transfers and credit card transactions. The pricing for newly minted NFTs on the marketplace are listed in USD, SOL or ETH.

FTX and the company’s U.S. subsidiary initially launched NFT marketplaces with limited functionality last month. Users could only create or trade NFTs minted using an interface reminiscent of Microsoft Paint.

The platform also outlines that any NFT project of collection that “distributes or advertises the distribution of royalties” to NFT holders will be rejected, suggesting FTX.US is wary of regulators classifying its NFTs as investment products.

NFTs are seeing increasingly typical adoption, with the Texas Democratic Party launching a partnership with marketplace Front Row to raise funds for progressive political candidates and causes through the sale of non-fungibel tokens.

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