FTX.US Launches NFT Marketplace on Solana

FTX.US’s recently announced new NFT platform deemed “The Marketplace”, is a game-changer in the NFT Space. 

Available to US customers, the Marketplace supports all Solana NFTs all the while staying true to FTX’s core function of cross-chain support: Allow users to mint, hold, authenticate, and trade NFTs on a regulated exchange. Further, The Marketplace allows users to fund their accounts using crypto, bank and wire transfers, and even credit cards. 

Commenting on this exciting new release, President of FTX.US Brett Harrison said, “We decided to create an NFT marketplace on FTX US after becoming immersed ourselves in the NFT ecosystem. In learning about so many of these projects, we’ve come to a comprehensive understanding of the needs of creators and collectors in the space. With the launch of this platform, we hope to provide both US and global users with a regulated marketplace that is intuitive and responsive to their needs.” 

FTX also revealed plans to expand the rollout to support ethereum-based NFTs despite the fact that NFTs created/sold on Ethereum’s blockchain have faced high fees and congestion. FTX hopes that this expanded audience will continue to fuel growth on Solana’s blockchain for NFT creation and sales. Quite possibly the best performing digital asset, the overall NFT marketspace has surged to a record-breaking $10.7 billion in the third quarter of 2021. 

For more on how FTX and Solana are making waves in both the crypto and NFT markets, check out this explainer

Ninja Protocol: Gaming and NFTs on Solana

The Marketplace is not the only reason that Solana has been nicknamed “The Ethereum Killer” – the Ninja Protocol, based on the Solana blockchain, is also leading the counter-ETH charge. The Ninja Protocol features NFT utility and ARPG games which utilize crypto (via the NINJA token) and NFT technology to provide users (i.e. gamers) the best gaming experience currently available in the NFT Gaming space. Touting the philosophy of an “equal opportunity free market,” Ninja Protocol aims to make this industry more accessible than ever using the Solana blockchain given the high fees and slow transaction speed/congestion inherent with the Ethereum blockchain. 

Phantom Wallet: Gain Access to Solana’s Ecosystem

Dubbed the MetaMask killer, Solana’s Phantom Wallet is a user-friendly non-custodial digital wallet reimagined. Phantom enables users to safely swap tokens, store & mint NFTs, and earn rewards by staking SOL tokens directly inside their wallet. 

The Phantom Wallet is extremely easy to use and even easier to get as it gets installed as a browser extension. You can install phantom by clicking here and selecting your web browser of choice. If you are an existing Solana user coming from sollet, you can click here to migrate your wallets to Phantom. 

With such dynamic and user-friendly products, many anticipate Solana dwarfing Ethereum in the near future, however, Ethereum is not standing by idly. Ethereum’s MetaMask wallet recently launched a new initiative called MetaMask Institutional (MMI) which targets institutional clients, granting them access to a plethora of cryptocurrency funds and exposure to a diverse set of DeFi opportunities. Moreover, MetaMask Institutional’s unique features include groundbreaking compliance on DeFi pools with unmatched pre and post-trade KYT (know your transactions) mechanisms which may position Ethereum as the preferred vendors for banks and institutional players given anticipated regulatory scrutiny. 

XDeFi Wallet Primed for Take-off

Speaking of wallets – recently announced was the launch of the (self-proclaimed) world’s fastest DeFi and NFT wallet, XDeFi Wallet. XDeFi enables users to access nine different blockchains and seamless movement of assets between various protocols. Built with DeFi and NFT power users in mind, the wallet boasts a unique “ape mode” that uses proprietary gas pricing algorithms that are set to make it greener (and certainly faster) than others. 

This wallet’s features and interface also aim to greatly simplify the way users interact with NFTs, displaying NFTs from different chains in a single Instagram-style gallery for ease of use and an enhanced user experience. Support for Ethereum is already built-in, and XDeFi plans to add support for Solana’s blockchain soon. 

Having only officially launched days ago, this product is primed for take-off. 

Next
Ripple Bulls on Track for XRP Price Recovery