FTX Exchange Launches Collectible Token Issuance Service – Bits Media

Cryptocurrency exchanges have begun to understand the potential of the non-fungible token space. FTX has announced the launch of a service for the issuance and sale of NFTs.

Cryptocurrency exchange users will now be able to independently turn their works into collectible tokens and sell them in an integrated market. At the same time, the service will work for American users through the FTX.US site.

According to the general director of the FTX Exchange Sam Bankman-Fried (Sam Bankman-Fried), All NFT released will be cross -case and will be present on the networks of the Ethereum and Solana. So far, users can only create, View and trade NFT on the site, But in the next couple of weeks, the service will receive the function of entering and withdrawal NFT. I.e, Users will be able to make deposits in collectible tokens and sell them in the market from the account in FTX.

Exchange commissions in the market of non -voltable FTX tokens are very high - the site takes along 5% from the amount of the transaction as from the seller, and from the buyer. In this way, Each NFT sale brings the exchange 10% from the amount of the transaction.

Now the NFT sphere is the most popular in the cryptocurrency industry. Collection tokens trade volumes grow like yeast. In early August, NFT sales in Axie Infinity exceeded
$1 billion, and at the moment has reached $1.8 billion. The volume of trading with Cryptopunks tokens also exceeded $1 billion.