FTX launches NFT marketplace in U.S.

Crypto exchange FTX is set to launch a U.S.-exclusive NFT marketplace. The platform will enable users to mint, buy, and sell NFTs — all traded cross-chain across the Ethereum and Solana blockchains. Deposits and withdrawals are also expected to be launched in the coming weeks, opening up the capability of depositing external NFTs onto the platform.

Why do you care? A marketplace like the one FTX is planning frees users from having to keep their digital assets in the marketplace where they were purchased. It’s great for owners of NFT tickets and game tokens who want to sell or trade their digital assets in the open market. FTX joins Binance, OKEx, and a bunch of other exchanges who have all jumped on the NFT bandwagon.

Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications, co-founder of Metacademy, and the CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and CNBC and writes a popular daily business blog. He’s the Co-Host of the award-winning podcast Techstream with Shelly Palmer & Seth Everett and his latest book, Blockchain - Cryptocurrency, NFTs & Smart Contracts: An executive guide to the world of decentralized finance, is an Amazon #1 Bestseller. Follow @shellypalmer or visit shellypalmer.com.

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