Crypto trade and advanced wallet supplier Blockchain.com is fostering a commercial center for non-fungible tokens (NFTs). The organization has opened a hanging tight rundown for the new stage, which will permit clients to purchase, sell and store NFTs.
NFTs, or non-fungible tokens, are blockchain-verified copies of real-world art, pictures, videos, music, pixelated punks, which are unique and cannot be duplicated. Tokenizing these tangible assets makes them easier to buy, sell and trade while reducing the risk of fraud. NFTs can also represent real-world items such as artworks and real estate.
The Luxembourg-based organization is now accepting signups for what they’ve termed a “digital marketplace”, which will allow consumers to select, purchase and store digital assets such as NFTs.
By adding NFT functionality directly into its wallet, Blockchain.com aims to make the process more straightforward and user-friendly. Currently, purchasing NFTs is “complex and unintuitive,” Blockchain.com said.
The current process for buying an NFT is “complicated and unintuitive,” according to Blockchain.com. The company aims to make it more straightforward and user-friendly by adding NFT functionality directly into its wallet. If exchanges like Blockchain.com, which claims to have 70 million wallet users in 200 countries, can expand the potential number of purchasers and make the process easier, popularity could increase.
Similar to this FTX.US adds Ethereum Collectibles to NFT Marketplace.
(United States) FTX is a Bahamian-based cryptocurrency exchange platform that allows users to trade cryptocurrencies. FTX is incorporated in Antigua and Barbuda and is headquartered in The Bahamas. The exchange has over a million users and an average daily volume of $10 billion as of July 2021.
With the launch of its US marketplace on Wednesday, FTX became the first exchange to offer some of the top Ethereum non-fungible tokens. It thus put pressure on market leader OpenSea and beat competitor Coinbase to the punch. In mid-October, FTX.US’s Solana-based NFT debuted to largely underwhelming reviews.FTX.US officials who bet that the speed and low cost of the Solana blockchain could top Ethereum, where most blue-chip NFT projects live, were “disappointed” by low user uptake, a source told CoinDesk.
In a bid to woo users who might be put off by Ethereum gas fees, FTX.US has added Ethereum NFTs to make up for the lost time. The exchange is undercutting rival NFT exchanges with its fee structure (2% instead of 2.5%) and subsidizing withdrawal fees.
Harrison said FTX.US will take custody of listed Ethereum NFTs, which he said will save users money. OpenSea leaves owners in charge of their assets until they are sold. “We hope that by not requiring gas for things like bids, we’ll see a lot more price action and price discovery on the platform, which will, he said, help attract liquidity.
He said users will eventually use non-custodial wallets such as MetaMask for Ethereum and Phantom for Solana to interact with FTX.US NFTs. Harrison emphasized the importance of first embracing accessibility.
