FTX announces entry into the NFT market! Leading ahead of Binance by launching an auction platform, partnering with multiple trendy brands, bidding, and having lunch with SBF.

Although Binance's NFT marketplace has been highly anticipated, it was not launched until June 24. One of its major competitors, FTX exchange, quietly took the lead today by launching its own NFT marketplace, once again making a significant move in the exchange's entry into the NFT market.

FTX's NFTs in Collaboration with Physical Brands: Partnership with Multiple Trendy Brands, Auctions, and Lunch with SBF

In order to attract popularity, it is necessary to collaborate with well-known brands to launch exclusive NFTs. Unlike Binance's "celebrity brand," FTX sells trendy brands and has partnered with the trendy brand platform REALY. Alameda, an investor in the platform, auctions NFTs of trendy brand products such as INSTINCTOY, FUN, POPMART, KAWS, and MILK. Recently, KAWS also reached a payment cooperation agreement with FTX.

INSTINCTOY:

KAWS:

Furthermore, FTX also has its own peripheral products in the NFT auction, including socks, T-shirts, condoms, etc. What's special is that you can bid for lunch with the founder SBF, and also bid to play chess with the FTX team or play League of Legends (LOL) with them.

Playing LOL with the FTX team:

Lunch with SBF:

FTX NFTs Available for Bidding, 5% Fee

From the current interface, users can bid and auction NFTs. FTX's NFT wallet also has a display function for the exhibition hall, where users can see the NFTs they own. The auction fee is 5%. In addition, it currently does not appear to allow users to freely create NFTs. According to an announcement by FTX, they welcome creators to contact them to launch NFTs on the FTX NFT auction platform.