Share this article
FTX.US Launches Collectibles Arm in Boost to Solana-Based NFTs
The exchange will allow users to trade, mint, auction and authenticate Solana NFTs. Plans to support Ethereum NFTs are in the works.
By Danny Nelson
Updated May 11, 2023, 4:04 p.m. Published Oct 11, 2021, 5:00 p.m.
FTX.US is moving into the non-fungible token (NFT) business with a trading platform for digital collectibles on the Solana blockchain.
On Monday, the U.S. wing of Sam Bankman-Fried’s crypto empire said its new marketplace, FTX NFTs, will allow users to trade, mint, auction and authenticate Solana-based NFTs. It plans to soon support NFTs on the Ethereum blockchain, the home to the bulk of non-fungibles trading.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The exchange’s prioritization of Solana instead highlights two realities: Bankman-Fried is heavily invested in the Solana ecosystem; and that ecosystem, while host to a handful of so-called “blue chip” projects, doesn’t yet have a juggernaut marketplace for NFT trading.
Instead, it features a scattered array of lesser-known marketplaces sometimes hosted by projects themselves. Solanart and Solsea both charge 3% sales fees. FTX.US says its new platform will charge 2%.
The choice could bolster Solana’s bid for a bigger slice of the NFT business. The blockchain is faster and cheaper to use than Ethereum’s is. That hasn’t been enough to convince the vast majority of NFT traders to move over, however.
FTX said it will support all Solana NFTs that follow NFT protocol Metaplex’s standard. It won’t allow users to list revenue-sharing projects and is capping artist royalty schemes at 40%.
FTX’s offering will be different from those found on Ethereum’s top NFT marketplaces, such as OpenSea. It is open only to users with an FTX account linked to their real-world identity, meaning an anonymous crypto wallet address won’t be enough.
The marketplace will also support credit card purchases and bank transfers, as well as crypto.
“If you look at every NFT marketplace, they’re all trying to achieve” a more seamless buying experience, said Fanny Lakoubay, who runs an NFT advisory service in New York.
Supporting traditional payment rails – just as DraftKings does through its tie-up with Polygon-based Autograph – is one part of that recipe.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
