Since the network’s inception, NFTs on Solana have seen significant development. As seen by the recent top sale of “Solana Monkey” for $2 million, the ecosystem has had a lot of achievements.
FTX.US, the FTX global exchange’s American subsidiary, has announced the creation of a new NFT Marketplace that will support Solana-based NFTs.
The new NFT Marketplace, according to the statement, will allow Solana tokens to be minted, stored, authenticated, and sold on a US-regulated platform. In the near future, it also intends to add support for Ethereum NFTs.
The marketplace will, according to the release, feature some of the lowest fees among existing NFT platforms. The FTX NFT platform and services will be available solely to FTX US clients, according to the statement.
FTX has stated that, unlike other NFT marketplaces with lax KYC procedures, it will maintain its tight KYC for NFT trading on its platform. This, on the other hand, may drive artists seeking anonymity to other platforms.