Following the introducing of an NTF market by FTX crypto exchange, the cost of FTT struck a new all-time high. FTT is the native token of the FTX crypto trading platform.
As FTX crypto exchange releases its NFT market for us homeowners, the native token FTT on Tuesday strikes $83. This is a new all-time high for the utility token; FTT gives the holders unique advantages like reduced trading fees. It likewise enables them access to staking chances so they can make portion benefits.
According to CoinGecko data, although the token by press time dropped to $75.12, it has gained 12.2% in the past day. FTT has actually likewise reached a high of 69% within the week.
The high price made the token market cap increase to $8.44 billion, making FTT the 26th biggest digital asset. This advancement took place in the middle of the FXT launch of its market for NFTs (non-fungible tokens).
NFTs are crypto assets you can attach to internet files to prove ownership for artworks, music, concert tickets, and videos.
FTX Launches NFT Platform in the United States
Yesterday, the NFT market of FXT kick-started operation with a wave motion. To correct this, FTX US has raised the minting fee of the new NFT to $500 briefly, then to $10.
Sam Bankman-Fried, prior to the occurrence presented his Test NFT, it was offered at first for $10 on the FTX United States. Sam is the CEO and founder of the company, and his Test NFT sold for barely $270,000.
The CEO had actually anticipated the NFT market on FXT.com to be prepared for introducing in a couple of weeks. However, the NFT marketplace on the website FXT.com is the main platform of the exchange.
The NFT market on FXT.com resembles the market on FXT.US will be cross-chained natively. In addition, it will support both Solana and Ethereum blockchains.
According to records, FTX is simply amongst the crypto exchanges that check out the non-fungible tokens this year.
In June, the popular crypto exchange Binance had launched an NFT marketplace with a project known as “100 Creators”. Binance NFT platform includes special NFTs developed by worldwide leading artists, occasions, and purchase premium.
Earlier this month, another renowned exchange OKEx also trailed the path of introducing its version of the NFT platform.
The platform will be for purchasing, selling, and even minting NFT throughout the exchange community. OKEx is the world’s second-biggest crypto exchange in terms of volume, and each of its NTF is unique and unchangeable.
