What does FTX stand for?

I'm curious, could you possibly enlighten me on what exactly does the acronym FTX represent? I've been hearing a lot about it in the realm of cryptocurrency and finance, but I'm still a bit hazy on its specific meaning. Is it a type of exchange? A particular technology? Or perhaps a service related to blockchain? I'm quite eager to learn more about it and understand its significance in this rapidly evolving field.