Binance NFT Marketplace is Gearing up For a Groundbreaking Launch, Supporting 100 Artists

Binance has hand-picked 100 artists to spearhead their upcoming June 24th NFT exchange launch.

By
John Tunney
on
June 8, 2021
Category:
BSC News

Keeping it 100

On June 7th, Binance confirmed that the platform has partnered with 100 artists for their upcoming Binance NFT exchange. The Binance platform has recently announced its partnership with 5 popular musicians, artists, etc in preparation for their upcoming launch of the Binance NFT marketplace. NFTs are an exciting new way for artists and creators alike to produce digital assets that represent real-world objects like art, music, in-game items, and videos and function like a collectible. 

Source

Binance NFT marketplace will begin on June 24th. For the first week after the launch of the only artists available will be the 100 hand-selected by Binance. This will give exclusivity to those artists involved to sell their NFT art. Anyone with a Binance account will have access to the marketplace to buy and sell the new NFT art. The exchange will have two primary functions, exchanging NFTs and hosting events. Events will let creators auction their work, with Binance only taking 10% of the profits made.

Source

Binance will also allow users to create NFTs directly through the platform. This will open the platform for celebrities, athletes, and musicians to join. Binance expects that artists will not be the only group of people who have joined the Binance NFT marketplace. The exchange will have a broad range of creative content, showcasing thoughtful and cultural work produced from around the world. 

Save the Date

The Binance NFT marketplace is now pressing down hard on the gas pedal. As the launch date approaches for the NFT marketplace, so does the excitement from the community. The unveiling of 100 new artists to the platform is a huge step for the Binance NFT marketplace. It effectively ensures that there will be a huge range of diverse content to admire and choose from. The Binance NFT marketplace won’t only have quality NFTs for Binance users to choose from, but also a huge quantity of NFTs produced by acclaimed artists around the globe. It should be incredibly fun and exciting to click through the NFT marketplace once launched. 

Binance will launch the NFT marketplace on June 24th.

NFTs

An NFT is a digital asset that represents real-world objects like art, music, in-game items, and videos. They are bought, sold, and traded online, typically with cryptocurrency. NFTs have gained notoriety because they are becoming an increasingly popular way to buy and sell digital artwork. NFTs are also generally one of a kind, or at least one of a very limited run, and have unique identifying codes. 

Binance

Binance is one of the world's largest cryptocurrency exchange platforms that combines digital technology and finance. The company provides access to exchange digital currency pairs on the market while maintaining security, liquidity, and enabling a safe and efficient transaction. The launch of an NFT marketplace on the platform should rival the biggest of any blockchain.

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John Tunney

John Tunney is an accomplished analyst and crypto enthusiast. The UCLA alum has been actively reporting and blogging for 3 years, and has a passion for all things finance.

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