FTX U.S. will now support Ethereum-based NFTs

After weeks of supporting Solana-based NFTs on its NFT marketplace, FTX U.S has revealed that it will now support the trading ofEthereum-based NFTs on its platform.

FTX is the first marketplace to support Solana andEthereum NFTs.

Users of the platform's NFT marketplace can now buy, sell and display their ether NFTs alongside their Solana NFTs, according to the official announcement made by the leading criptocurrency exchange.

You will remember that the Sam Bankman-Fried exchange became one of the earliest centralized exchanges to open up its platform for NFTs. The exchange only supported Solana-based NFTs.

The use cases in other sectors like event planning, gaming, and others could lead to the mass adoption of the FTX, according to a recent interview by the founder of the exchange.

In his words, I would put NFTs in that top category probability-wise, with a couple of other things in terms of what brings a non-crypto native audience to cryptocurrencies for something other than financial investing. Since yesterday, trading for some Ether-based NFTs has started on the platform, increasing pressure on the NFT market leader Opensea with its lower fee structure and subsidized withdrawal fee in its efforts to win more users.

By not requiring gas for doing things like bids, we're going to see more price action and price discovery on the platform, and we hope that in general attracts liquidity, according to Brett Harrison, president of FTX.US. While OpenSea remains the leader in this field, FTX hopes to have an edge over other competitors like Coinbase who recently announced its own marketplace.