FTX unveils NFT marketplace support for leading Solana projects

·2 min read

Cryptocurrency exchange FTX has unveiled proposed support for an array of leading Solana NFT projects in a cryptic tweet.

The post features four silhouetted figures that represent the leading NFT projects in the Solana ecosystem – Degen Ape Academy, Aurory, Thugbirdz and Solana Monkey Business.

FTX also revealed support for the newly-released Galactic Geckos in a follow-up tweet.

FTX.US president Brett Harrison said on Twitter that “it’s a good time to set up an account at ftx us” and that users wouldn’t need to be US residents to open an FTX.US account. Harrison also confirmed that deposits and withdrawals will only be available on the FTX.US domain.

FTX announced the development of its own native NFT marketplace at the start of September. The marketplace’s biggest allure is cross-chain trading using Ethereum and Solana, meaning NFT fans can transfer their favourite artworks between the two chains easily.

Cross-chain NFTs

The marketplace introduces the possibility of being able to buy and sell leading NFT collections from OpenSea such as Art Blocks, Cool Cats and Bored Ape Yacht Club (BAYC) on FTX.

It’s unclear what assets can be used to buy and sell NFTs on the marketplace thus far. However, being a leading exchange that can handle FIAT deposits and multiple assets, it’s speculated that users may be able to sell their NFTs in both ETH and SOL.

The Solana ecosystem has attracted enthusiasts through various weird and wonderful NFTs including “blue-chip” ape-based collections, low minting fees and a more affordable entry to NFT communities.

Data from Solanalysis reveals that the projects due to be supported are the top five on Solana by market cap, floor price and volume.

The Solana NFT ecosystem has also been bolstered by positive developments at Metaplex – a platform that enables creators to easily mint and launch their own NFT collection on Solana.

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