FTX on the SOL NFT Exchange Game
FTX adds NFTs
The NFT Game is growing at an alarming rate and those who can utilize the opportunity can do very well in the coming years.
FTX is a Crypto Exchange that has been making a name for itself over the last few years. The Brainchild of Gary Wang and Sam Bankman-Fried, FTX knew they were destined for greatness from the start. This latest move is one of their smartest yet.
America is Always Left Behind
America has been denying its citizens the glory of Crypto from Day 1. The reasoning is unclear but what is clear is that a majority of countries have it far better than America when it comes to its Citizens, Crypto and Trading/Investing.
Politicians likely just want to keep the poor – poor but that is a story for another day.
So it was not only surprising but was also a reason to celebrate when FTX.US (the US-friendly version) announced the inclusion of NFTs on the SOL platform.
FTX has already said that it will allow users to not only trade SOL NFTs but also mint, auction and Authenticate SOL NFTs.
This is huge, especially considering that the current SOL Marketplaces are few and far between.
They have stated that ERC-20 based NFTs could be coming next…
So, What's the Catch?
Well, as we mentioned before, this is the US version of FTX. This is the version that requires an Identity and the thought of being anonymous in a decentralized world is nothing short of insanity…
So, all users of the marketplace will need to have an FTX.US account and therefore their identity will be front and center for anything that they list or buy.
This is a bit of a bummer as once again we are going backward in Crypto in an effort for the already rich to just get richer.
That being said, this could be a great opportunity for the entire SOL ecosystem as well as all users that want to save $100 on each transaction by NOT using ETH.