FTX Token Marks A New High Due To Crypto Exchange’s NFT Launch
08 Setembro 2021 - 7:00PM
NEWSBTC
Following the launching of an NTF marketplace by FTX crypto
exchange, the price of FTT hit a new all-time high. FTT is the
native token of the FTX crypto trading platform. As FTX crypto
exchange launches its NFT marketplace for us residents, the native
token FTT on Tuesday hits $83. This is a new all-time high for the
utility token; FTT gives the holders unique advantages like reduced
trading fees. It also allows them access to staking opportunities
so they can earn percentage rewards. Related Reading | New To
Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course
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
also reached a high of 69% within the week. The FTX token is in
bullish momentum and aims to recover previous losses | Source:
BTCUSD on TradingView.com The high price made the token market cap
increase to $8.44 billion, making FTT the 26th biggest digital
asset. This development happened amidst the FXT launch of its
marketplace 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 marketplace of FXT
kick-started operation with a wave movement. To correct this, FTX
US has raised the minting fee of the new NFT to $500 briefly, then
to $10. Sam Bankman-Fried, before the incident introduced his Test
NFT, it was sold initially for $10 on the FTX US. Sam is the CEO
and founder of the company, and his Test NFT sold for barely
$270,000. The CEO had expected the NFT marketplace on FXT.com to be
ready for launching in a few weeks. However, the NFT marketplace on
the website FXT.com is the main platform of the exchange. The NFT
marketplace on FXT.com is similar to the marketplace on FXT.US will
be cross-chained natively. In addition, it will support both Solana
and Ethereum blockchains. According to records, FTX is just among
the crypto exchanges that explore 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 features exclusive NFTs designed by global leading
artists, events, and buy premium. Related Reading | Panama To
Recognize Bitcoin As Payment Alternative, Issues New Regulations
Earlier this month, another renowned exchange OKEx also trailed the
path of introducing its version of the NFT platform. The platform
will be for buying, selling, and even minting NFT across the
exchange ecosystem. OKEx is the world’s second-biggest crypto
exchange in terms of volume, and each of its NTF is unique and
unchangeable. Featured image from Pixabay, chart from
TradingView.com
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