FTX US, An Solana Based NFT marketplace soon to have Ethereum Support

NFT trades and minting can be made with the Solana blockchain, and yep, you got that right. The West Realm Shires Services Inc., a parent chain of the FTX has made this announcement on Oct 11, 2021.FTX and US legalized crypto exchange launches its FTX US NFT marketplace for the crypto enthusiast. Here the User can Mint their own NFT, sell and buy the NFTs based on Solona.

The Announcement has also had an important update about their future support of the Ethereum blockchain. To be more precise, the FTX US NFT platform, which is currently supporting the Solana Blockchain, will also support the Ethereum blockchain in the future very soon. Sam Bankman Fried, and teenage Billionaire and CEO of the FTX exchanges, is focusing on setting a higher trademark for the marketplace.

Since most of the NFT platforms work on Ethereum, Fried plans to utilize the scarcity for the platforms that run on the Solana Blockchain. This will give a very good initial advantage to the FTX NFT marketplace. But to sustain, they need a strong and supportive blockchain to run in the longer path. Future Ethereum Support will take care of the long run of the platform.

FTX has been one of the greatest supporters of the Solana Blockchain, but to meet the competitive NFT marketplace like OpenSea, FTX needs a very vast Market. The recent hype and compatibility of the Solana will aid the marketplace in achieving such space.

NFT marketplaces and NFT developments are not designed, developed to see the downfall, as they always grow upwards in all aspects. Though making into the platform needs perfect timing and planning, they can be solved with the Whitelabel NFT marketplace developments. On the other hand, NFT platforms developments are an effective way to stay in the crypto space for a very long time