Following the launching of an NTF marketplace by FTX crypto exchange, the price of FTT hit a new all-time high. FTT is the native token of the FTX crypto trading platform. As FTX crypto exchange launches its NFT marketplace for us residents, the native token FTT on Tuesday hits $83. This is a new all-time high for the utility token; FTT gives the holders unique advantages like reduced trading fees. It also allows them access to staking opportunities so they can earn percentage rewards. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course According to CoinGecko data, although the token by press time dropped to $75.12, it has gained 12.2% in the past day. FTT has also reached a high of 69% within the week. The FTX token is in bullish momentum and aims to recover previous losses | Source: BTCUSD on TradingView.com The high price made the token market cap increase to $8.44 billion, making FTT the 26th biggest digital asset. This development happened amidst the FXT launch of its marketplace for NFTs (non-fungible tokens). NFTs are crypto assets you can attach to internet files to prove ownership for artworks, music, concert tickets, and videos. FTX Launches NFT Platform in the United States Yesterday, the NFT marketplace of FXT kick-started operation with a wave movement. To correct this, FTX US has raised the minting fee of the new NFT to $500 briefly, then to $10. Sam Bankman-Fried, be...
