FTX US Opens Trading for CryptoPunks, Bored Apes and Other Ethereum NFTs
The FTX NFTs marketplace now supports both leading platforms, letting users buy in USD with credit cards and more.
FTX NFTs is adding support for Ethereum NFTs today, after launching with Solana NFTs in October.
The centralized exchange lets users buy NFTs in U.S. dollars using credit cards or funds via ACH or wire transfer.
FTX first launched their NFT platform in October but it only featured NFTs on the Solana blockchain. The crypto giant hinted at Ethereum based NFTs with this cryptic tweet from last week.
FTX NFTs will offer the same payment options for Ethereum NFTs as it does for Solana collectibles, including the ability to buy in U.S. dollar denominations using a credit card or money via an ACH transfer or wire transfer. Buyers can also use cryptocurrency, as well, and can purchase NFTs via the website or FTX mobile app. Since the transactions on the FTX marketplace take place off-chain, users do not have to pay as many transactions fees as they do on Opensea.
FTX NFTs is currently the only NFT marketplace to support both Ethereum and Solana NFTs. Ethereum is currently the leading platform for NFT collectibles, recently generating billions of dollars’ worth of trading volume each month, although high gas fees for transactions and environmental concerns are common critiques of the platform.
FTX’s entry into the Solana marketplace quickly made an impact, too: the exchange refused to list projects that made royalty-like payments to NFT holders, citing regulatory concerns, and many creators changed their rewards policies as a result.