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FTX US: Marketplace Breakdown

A multi-chain, gas free NFT marketplace

February 17, 2022

Welcome to The Drop NFT Newsletter. Subscribe and join the discord (we are raffling off more WL spots for this project as we speak) for breaking NFT news, project breakdowns, & artist spotlights. Thank you for following along on this journey!

🚨This newsletter is sponsored by FTX:

FTX US is a regulated crypto exchange that hosts some of the highest amounts of trading volume and daily active users in the industry. 

On top of this, FTX US offers desktop and mobile trading of Ethereum + Solana NFTs with NO GAS FEES! Start your FTX journey today by getting set up here 🔥 

This issue we will be a more in-depth review of the FTX US platform and their multi-chain, gas free NFT marketplace!

FTX US: Marketplace Breakdown 🔥

You may have heard of FTX US from their recent marketing partnerships. Most notably, they launched Coachella Collectibles, the first of their kind to offer lifetime festival passes. There is an extreme level of significance in these kind of events when it comes to the NFT space. Coachella is an annual festival that reaches hundreds of thousands of fans; many of whom will interact with NFTs for the first time through this experience. The majority of people, though they may have heard of NFTs, still approach this new technology with criticism or doubts. FTX US is doing the hard and necessary work of making it easier and more accessible for people to comprehend the remarkable utility of NFTs.

Making NFTs Accessible to a New Audience

Can you recall the energy that was required to understand this foreign “blockchain” technology? (In case you’ve forgotten, go try to explain it to a stranger on the streets and then come back to this article). This is important to keep in mind, because most people invest in what they understand. And I think most of us who understand blockchain would agree that this technology has enhanced our lives in some way. But no matter whether you’re skeptical or optimistic about this new technology, we want to highlight some of the key features that makes FTX US the most accessible platform out there.

Breaking down the first barrier of entry: making a wallet to buy NFTs is easy. New users don’t need to set up an account with a broker, purchase crypto, send it to another wallet, and then start purchasing NFT’s. This entire process is taken care of on one platform— and the NFT marketplace already has multi-chain functionality, with both Solana and Ethereum! One account will create an entire portfolio of wallets for users, with nearly all the most popular tokens. Users will have full access to use their tokens, but won’t need to worry about storing private key (yes, FTX US keeps custody of your keys, but users are still given a full range of functionality with their tokens and can send tokens off platform at any point).

Eliminating Gas Fees, and More! ⚡️

Once users have their wallets set up, they can browse, buy, mint, and sell various NFTs from creators on the platform... gas-free! (←Yup! You read that correctly). Sellers can apply to launch their upcoming collection on FTX here! Buyers can also choose to purchase in the currency of their choice (USD, SOL, ETH). This is an incredible gateway to invite new users into collecting NFTs who may have originally been skeptical about buying cryptocurrencies. The FTX US NFT marketplace eliminates gas wars, bots, and malicious contract threats. They also have a dedicated support team to help sellers along the process. But don’t just take our word for it, check out their marketplace here and experience just how accessible the process can become!

🚨 Important FTX NFT Marketplace Links 🚨

 “Our mission is for FTX.US to grow the digital currency ecosystem, offer US traders a platform that inspires their loyalty, and become a market leading US cryptocurrency exchange over the next two years." -FTX US

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Disclaimer: The Drop DOES NOT provide financial advice. All content is for informational purposes only. The Drop is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses.  

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