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NFT Non-fungible Tokens Expanded by FTX Platform to Support Solana Tokens

NFT Non-fungible Tokens Expanded by FTX Platform to Support Solana Tokens

Expands the FTX.US platform that launched the non-fungible tokens market NFT In the United States, let them to Solana Blockchain, enabling users to trade, deposit and withdraw these tokens, which comply with the token standard Metaplex.

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The platform's US-registered subsidiary announced the job expansion on Tuesday, also revealing the market's plans to support the tokens based on Ethereum In the near future.

The market is open to both the US and others. However, clients from the long list of jurisdictions (New York residents) are not able to register for the platform.

The head of the platform in the United States says,  Brett Harrison:

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“The company is looking for simpler, easier and safer tools for its main users, to trade non-commercial trade through its market. NFT Environmentalism can infiltrate pop culture, but it lacks a platform that provides easy access and exposure to mainstream audiences.”

NFT tokens in FTX platform

In addition to supporting crypto assets, users can purchase or provide revenue on non-financial transactions, via bank transfers, wire transfers, and credit card transactions.

The prices of new non-fungible tokens are listed in the market in US dollars, such as Solana (SOL) or Ethereum (ETH). Where the platform charges a fee of 2% on all sales icons And do not charge a registration fee.

It has launched both platform FTX A subsidiary in the United States, markets These icons With limited performance in the last month.

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Where users can only create or trade tokens NFTs minted using an interface reminiscent of Microsoft Paint Microsoft Paint, resulting in a flood of hastily stacked drawings depicting cartoonish fish being loaded onto the platform.

Etc. Harrison On Tuesday, the expanded functionality of the market is only available on the US-based platform at this point.

Users must submit identification documents and proof of residency to the exchange, in order to deposit and withdraw from the program NFT of the platform.

As the program explains, any project is a collection of icons NFTDistributes or announces the distribution of fees To holders of tokens, it will be rejected, indicating that the platform is wary of regulators classifying these tokens as investment products.

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as you testify NFT Adoption is increasingly prevalent, with the Texas Democratic Party launching a partnership with Souq Front Row To raise money for progressive political candidates, just causes, by selling NFT Monday.

The co-founder of Front Row, Parker Butterworth Parker Butterworth:

“Non-financial institutions will become a powerful addition to any political fundraising effort, and the launch of our marketplace will give Democrats across the country a fundraising edge that their peers do not have.”


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