FTX.U.s.a.'southward nonfungible token (NFT) marketplace has expanded support to the Solana blockchain, enabling users to merchandise, deposit and withdraw NFTs that suit to the Metaplex token standard.

The United States registered co-operative of FTX announced the expanded functionality on Tuesday, revealing the market place likewise plans to back up Ethereum-based tokens in the near future. The market place is open up to both U.S. and non-U.S. customers from a long list of jurisdictions, however, New York residents are unable to sign upwards for the platform.

Brett Harrison, president of FTX.US, said that the firm is looking to provide "simpler, safer and easier tools" for mainstream users to trade NFTs via its marketplace, adding:

"The NFT ecosystem has started to infiltrate popular culture, simply has been lacking a platform that provides easy access and exposure to the mainstream audience."

In addition to supporting crypto assets, users can purchase or bid on NFTs via banking company transfers, wire transfers and credit card transactions. The pricing for newly minted NFTs on the marketplace is listed in U.S. dollars, Solana (SOL) or Ether (ETH).

FTX charges a 2% fee on all NFT sales and does not accuse a listing fee.

Both FTX and the visitor's U.S. subsidiary initially launched NFT marketplaces with limited functionality terminal calendar month. Users could simply create or trade NFTs minted using an interface reminiscent of Microsoft Paint, leading to a overflowing of hastily cobbled together sketches depicting cartoon fish being uploaded to the platform.

On Tuesday, Harrison tweeted that the marketplace'southward expanded functionality is simply available on its U.South.-based platform at this stage. Users must provide identity documents and proof of residence to the exchange in lodge to eolith and withdraw from FTX's NFT platform.

The platform besides outlines that whatever NFT project of drove that "distributes or advertises the distribution of royalties" to NFT holders will be rejected, suggesting FTX.US is wary of regulators classifying its NFTs as investment products.

Related: Twitter and TikTok encompass NFTs: Mainstream adoption incoming?

NFTs are seeing increasingly mainstream adoption, with the Texas Democratic Party launching a partnership with marketplace Front Row to enhance funds for progressive political candidates and causes through the sale of NFTs on Monday.

"NFTs will become a powerful addition to any political fundraising effort, and the launch of our marketplace will give Democrats across the country a fundraising advantage that its counterparts do non accept," said Forepart Row co-founder Parker Butterworth.