The cryptocurrency exchange FTX.US, based in New York, is expanding its NFT base to include works created and stored on the Ethereum blockchain. Ethereum NFTs were first listed on FTX.US’s new NFT marketplace on December 1, 2021, according to the company.

Only NFTs produced and launched on the Solana ecosystem will be supported on the FTX.US NFT marketplace, announced in October of last year. As a result, the platform is no longer exclusive to Solana, and it now supports two types of blockchain, including Ethereum.

As a result of this significant achievement, FTX.US has become the first and only NFT marketplace to list Ethereum and Solana-based NFTs. As a result, FTX.US users, such as Bored Ape Yacht Club, can now acquire Ethereum-based NFTs from the market.

FTX.US Marketplace Information

Cryptocurrency trading, NFTs, derivatives, payment services, and more are available through FTX.US, the US part of the more significant worldwide FTX crypto derivatives exchange. For the next two years, its goal is to develop the digital currency ecosystem, provide a platform that inspires loyalty among US traders, and become the most popular cryptocurrency exchange in the United States.

FTX.US supports BTC, LTC, ETH, BCH, PAXG, and USDT, and it has a much more prominent feature set than any other significant US platform. With a custom-built hot and cold wallet technology, full external backing of all hot wallet funds, and relationships with top custodians, FTX.US provides industry-leading security.

FTX.US brings together industry-leading banking on-ramps to simplify depositing and withdrawing fiat money. FTX.US has seamlessly merged Stablecoins and USD to aggregate liquidity and ease of use. FTX.US offers over 20 cryptocurrencies, NFT trading, OTC trading, derivatives, margin trading, FTX Pay, and a variety of other goods and account options.

The NFT marketplace on FTX.US sets it apart from other cryptocurrency exchanges that focus solely on coin trading. If you’re looking for NFTs, FTX.US has several different collections to choose from. For creators, NFTs can be listed on Ethereum or Solana.

Also, read – FTX to encourage token usage establishing a gaming unit 14

Why is Ethereum the best choice for the NFT marketplace?

Ethereum is one of the most prominent platforms in the NFT marketplace. Transaction history and metadata are publicly available here, simply illustrating ownership history. Because all Ethereum objects share the same backend, NFTs become small. Tokens will also be available for trade at all times because Ethereum is always online.

For NFTs, Ethereum remains the most popular blockchain. A large percentage of existing NFTs are produced and hosted on the Ethereum blockchain. Two NFT marketplaces, OpenSea and SuperRare, mint and sell their NFTs as ERC-721 tokens. NFTs can be used on Ethereum for a variety of reasons.

As transaction history and token metadata are publicly available, proving ownership history is simple. Once a transaction has been validated, it’s impossible to “steal” ownership. Trading NFTs can be done peer-to-peer, eliminating the need for platforms ready to pay hefty commissions. All Ethereum items have the same “backend.”

Ethereum products can readily communicate with each other, allowing NFTs to be transferred between them. An NFT can easily be purchased on one product and sold on another. A creator can list the NFTs on multiple goods at once, with each product having the most up-to-date ownership information.