• Because of the NFT launch by a crypto exchange, the FTX token has reached a new high

  • The price of FTT reached a new all-time high following the launch of an NTF marketplace by FTX crypto exchange. The FTX crypto trading platform’s native token is FTT.

    On the same day that the FTX crypto exchange launches its NFT marketplace for US residents, the native token FTT reaches $83. This is a new all-time high for the utility token; FTT holders benefit from unique benefits such as lower trading fees. It also gives them access to staking opportunities, which allow them to earn percentage rewards.

    According to CoinGecko data, the token had dropped to $75.12 as of press time, but it had gained 12.2 percent in the previous day. Within the last week, FTT has also reached a high of 69 percent.

    The FTX token is on a bullish streak and is attempting to recoup previous losses.

    Because of the high price, the token’s market cap has risen to $8.44 billion, making FTT the 26th most valuable digital asset. This development occurred during the launch of FXT’s NFT marketplace (non-fungible tokens).

    NFTs are crypto assets that you can use to prove ownership of artworks, music, concert tickets, and videos by attaching them to internet files.

    The NFT Platform is now available in the United States, thanks to FTX.

    Yesterday, the FXT NFT marketplace went live with a wave movement. To correct this, FTX US temporarily increased the minting fee for the new NFT to $500 before lowering it to $10.

    Before the incident, Sam Bankman-Fried introduced his Test NFT, which was initially sold for $10 on the FTX US. Sam is the company’s CEO and founder, and his Test NFT sold for only $270,000.

    The CEO anticipated that the NFT marketplace on FXT.com would be ready for launch in a few weeks. The NFT marketplace on the website FXT.com, on the other hand, is the exchange’s main platform.

    FXT.com’s NFT marketplace is similar to FXT’s marketplace. The United States will be natively cross-chained. It will also support both the Solana and Ethereum blockchains.

    FTX is just one of the crypto exchanges looking into non-fungible tokens this year, according to records.

    Binance, a popular cryptocurrency exchange, launched an NFT marketplace in June with a project called “100 Creators.” The Binance NFT platform offers exclusive NFTs designed by world-renowned artists, as well as events and premium purchases.

    Earlier this month, another well-known exchange, OKEx, followed suit by introducing its own version of the NFT platform.

    The platform will allow users to buy, sell, and even mint NFT across the exchange ecosystem. OKEx is the world’s second-largest cryptocurrency exchange by volume, and each of its NTF is distinct and unchangeable.

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