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| Binance NFT 2021 |
The world’s biggest Bitcoin exchange and altcoin crypto exchange, Binance, is set to launch Binance NFT, the world’s leading NFT marketplace and trading platform.
In a blog post, according to Binance, the new marketplace will bring artists, creators and crypto enthusiasts from around the world, together. A premier exhibitions and NFT collaborations are to be expected.
New global market place of Binance will become the premier destination for NFTs and digital collectibles across mediums, starting from music and sports to visual arts and gaming.
Binance aim to create the most compelling metaverse with exclusive collaborations.
In addition, Binance NFT will share the same account system as Binance.com, allowing users to access the marketplace, together with other offerings.
Head of Binance NFT, Helen Hai said “Our marketplace will debut with two main venues: a “Premium Event” category for the most sought-after collaborations and a “Trading Market” that allows everyday users to easily create NFTs at minimal cost. “
“Our aim is to provide the largest NFT trading platform in the world with the best minting, buying and exchanging experience, by leveraging the fastest and cheapest solutions powered by Binance blockchain infrastructure and community,”
CEO of Binance, Changpeng “CZ” Zhao, speaking on NFT platform minted for artists and creators said
“We understand the impact creators bring to the growing NFT ecosystem and plan to maximize value for creators of all stripes. That’s why our creator-first platform offers some of the lowest transaction fees in the industry,”
“For curated “Premium Event” collections, artists receive 90%of profits from sales setting a new benchmark for NFT rewards. Users can also deposit their NFTs to the “Trading Market” and choose to list them for sale or for auction, at minimal cost. Binance charges a nominal 1% processing fee—and creators or depositors receive a 1% royalty payment for all subsequent trades.”
“Binance serves millions of users around the world, many of whom will now be able to access the booming NFT space. In line with our commitment to the freedom of money globally and building an inclusive ecosystem, the Binance NFT marketplace will also support small value creators by providing the highest liquidity and cheapest fees for users.”
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