FTX now allows users to create and list NFTs on its platform

2021-9-7 15:05

The exchange also set up a paywall following the launch of the NFT marketplace to deal with spam incidents

Sam Bankman-Fried, CEO of FTX, announced in a rather interesting way that the crypto exchange had launched its own non-fungible token (NFT) marketplace. He publicised the platform using a simple ‘Test’ piece of art that he created. The piece has since seen escalating bids and sold this morning for $270,000. The FTX CEO detailed in the Twitter post that the exchange’s new NFT platform would be available exclusively to US customers and allow them to buy, sell and even mint their own NFTs.

The new platform will allow cross-chain trading across Ethereum and Solana, to which Bankman-Fried added that soon enough, users would receive additional features. He listed some of the soon-to-be-introduced aspects, which include the ability to deposit and withdraw. There will also be a provision for users to bring NFTs from external sources onto FTX.

The announcement signified a change to the current FTX model that limits users to storing and viewing. With an improved operational model, users will be able to sell their NFTs via the exchange, leveraging the deposits and withdrawals functionality

The NFT marketplace was initially launched with free access for all, but it recorded several spam incidents a short while after its launch. This led the exchange to impose a $500 one-time fee for users who wanted to jump on.

“Due to the massive number of submissions, too many of which were just a picture of a fish, we are now charging a one-time $500 fee to submit NFTs,” Bankman-Fried tweeted.

However, as expected, users did not receive the changes very well. After persistent resistance from customers, FTX shelved the $500 fee that had been imposed and then put up a fairer flat rate of $10 for all users who sought to mint NFTs, with users who had paid up the initial $500 receiving a refund.

With the new offering, FTX intends to charge users on both sides of the sale. The buyer will be set back 5%, with sellers also being charged another 5%. The exchange advised potential customers to join the trade only if they comprehended it, as all the NFT purchases will be non-refundable.

Many industry players have increasingly embraced and even provided their customers with the ability to play around with NFTs. Binance, the world’s largest crypto exchange by volume, announced its NFT platform in collaboration with artists, athletes and other creatives in June this year.

The post FTX now allows users to create and list NFTs on its platform appeared first on Coin Journal.

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nfts platform list ftx allows users create

nfts platform → Результатов: 126


Фото:

Atriv Partners With Flare Network To Enhance AI-Generated NFTs

Atriv, a generative AI platform for NFTs, partners with Flare Network, a cross-blockchain data platform, to bring its no-code prompt-generating NFTs to Flare’s platform. Announced Thursday, the collaboration is set to further the adoption of NFTs and digital art, allowing users with no prior technical knowledge to create and monetise their creative pieces using only […]

2023-6-22 19:09


Wild Month For NFTs As OpenSea Marketplace Posts Record-Breaking Numbers

The NFT market observes a wild month as trading volume shoots up and OpenSea marketplace posts record-breaking numbers. NFT Marketplace OpenSea Records $1.68 Billion In Monthly Trading Volume As per data from Dappsradar, the non-fungible token marketplace has recorded monthly numbers unlike ever before as trading volume on the platform jumps almost 580% over the […]

2021-8-24 22:00


Фото:

Social Network Blockster Collaborates with Enjin to Reward 400K Early Users with NFTs

23 August 2021 — Blockster, a new social network dedicated to cryptocurrency, has announced a collaboration with Enjin, the leading blockchain ecosystem developer for non-fungible tokens (NFTs). In anticipation of Blockster’s upcoming public testnet launch, the platform is working with Enjin to give away up to 400,000 NFTs to early Blockster users. The use ofRead More

2021-8-24 19:00


The World’s First Resort NFT Raises $3.65 Million, Giving Holders Perks

LABS Group, an end-to-end blockchain property investment platform, has successfully raised $3,650,000 for Kunang Kunang Resort using NFT. Kunang Kunang Glamping Resort is the world’s first-ever community-owned project fractionalized into Rewarding Timeshare (RTS) NFTs, transforming the way investors build their diversified portfolio, with access to diverse assets, low transaction costs and the ability to trade 24/7.

2021-8-7 12:03


Фото:

Efinity (EFI) Token by Enjin Launches on OKEx, Blockchain.com, CoinList, Aims to Bring NFTs to the Mainstream

The future of the blockchain economy is multi-chain. To remain competitive in such a rapidly developing tech space, it is critical to support as many ecosystems as possible.  In that regard, Enjin—a scalable, energy-efficient, and innovative platform for developing non-fungible token (NFT) based virtual worlds—recently unveiled the Efinity blockchain for NFTs on Polkadot. With theRead More

2021-8-4 12:02


Проект AlchemyNFT привлек $6 млн от Марка Кьюбана и других инвесторов

Платформа AlchemyNFT, которая предлагает новые утилиты для невзаимозаменяемых токенов, привлекла $6 млн инвестиций. AlchemyNFT Raises $6 million for Remix Platform to Autograph NFTs by @Victor928 https://t.

2021-8-3 17:41


Фото:

Auditchain To Use NFTs for Accounting and Disclosure Controls

July 20, 2021 – ZUG, SWITZERLAND – Auditchain Labs AG, (https://auditchain.finance) the developer of the world’s first decentralized accounting, financial reporting, audit and analysis virtual machine for assurance and disclosure, today announced a new NFT creation platform that will allocate royalties between curators and validators of global standard logic-based accounting and disclosure control components.  Accountants.Read More

2021-7-20 16:00


Seascape Network & Binance NFT Release Exclusive Zombie Mystery Box NFTs

Bitcoin Press Release: Seascape Network will collaborate with Binance NFT to release new limited edition zombie mystery box NFTs. 20th July 2021, SINGAPORE – Leading DeFi and NFT gaming platform Seascape Network is working with Binance NFT, enabling the integration of BSC for exclusive NFTs from their upcoming Zombie game series on the brand new […] The post Seascape Network & Binance NFT Release Exclusive Zombie Mystery Box NFTs appeared first on NullTX.

2021-7-20 16:00


Billionaire Novogratz Invests in Virtual Real Estate Developer, Which Bought $900k In Virtual Land

Billionaire Mike Novogratz’s Galaxy Digital’s venture capital division Galaxy Interactive is investing $10 million in virtual estate developer Republic Realm, which also buys cryptos and NFTs. Republic Realm is part of a private investment platform called Republic, backed by investors, including Binance and investment firm Prosus.

2021-7-1 18:22


Jack Dorsey’s Twitter Joins NFT Mania, But He Still Wants Nothing to Do With Ethereum

Popular social media platform Twitter is joining the non-fungible token (NFT) mania. However, it is not looking to sell but give them out for free. Twitter First Social Platform With NFT Interest The social media giant founded by Jack Dorsey in 2006 said that it would be handing out 140 original NFTs to 140 lucky […] The post Jack Dorsey’s Twitter Joins NFT Mania, But He Still Wants Nothing to Do With Ethereum first appeared on BitcoinExchangeGuide.

2021-7-1 17:22


Фото:

NFT Roundup: Beeple’s We.new Platform, DeLorean DMC-12 NFTs, Jerry Garcia’s Music Art

Over the last seven days, there have been close to 18,000 non-fungible token (NFT) primary sales worth over $12.7 million. This week also saw a great number of non-fungible token (NFT) announcements surrounding big names like DeLorean Motor Company, the renowned NFT artist Beeple, the Grateful Dead’s Jerry Garcia, USA Today and more, as the […]

2021-6-26 07:00