Can Binance Establish Itself as Dominant NFT Marketplace, After OpenSea Executive Blunder?

We consider how Binance can become the leading NFT Marketplace as we sift through collections quickly gaining popularity.

Dardania Havolli
September 17, 2021
BSC News

Can Binance NFT Marketplace Establish Itself?

With OpenSea enduring some less than flattering headlines after some shady operations and Solana’s power outage, Binance will have been keen to highlight themselves as more than capable Non-Fungible Token (NFT) Marketplace counterparts. 

Binance NFT Marketplace has been unrelenting in the way it has gone about attracting NFT investors. From launching NFTs on the back of partnerships with musical stars to offering artwork by some of the greatest painters in history, they are not playing around. 

“Following the instant sell-out of his first Card Drop, Lewis’s Capaldi returns with the highly anticipated second collection of the ‘Big Fat Sexy Collectible Card Experience,” Binance revealed its partnership with the Scottish singing sensation, Lewis Capaldi, due to be released on the 17th of September. “Four brand new personas, spanning five rarity tiers, all ‘born’ during Capaldi’s record-breaking 2 year journey will be available to own. Each character is accompanied by a unique audio narration from Lewis himself.”

The recently sold collection of NFTs comprising works from Da Vinci and Van Gogh, fetched a combined 444,500 BUSD. Though the amount is impressive, Binance may have hoped to see higher bids. The fact they currently trail behind in the NFT Marketplace space means the same NFTs may have gone for a lot more on somewhere like OpenSea.  

Binance Relative Newcomers to NFT Marketplace

Before we can get into the NFT collections, which are growing in popularity, it is worth mentioning that Binance is later to the Marketplace game than its competitors, with its launch having come as recently as June 24th. 

The platform also still lacks certain features users will be very keen on, such as transferring purchased NFTs onto popular wallets like Metamask, or even selling them on another marketplace entirely. The rumor is they are working on this. The actual page also isn’t as easily navigable as OpenSea, and it can often be difficult to locate specific collections that you have heard of or have been previously touted. 

Do not be fooled, however. The expectation is clear. Binance remains one of the biggest exchanges in the entire crypto sphere, and many are expecting its NFT marketplace to take full advantage of this fact in the coming months. 


NFT Collection to Look Out For

A set of NFTs that have been particularly eye-catching, and are yet to enjoy the kind of attention that could come, are the Cyber Dobermans from the Zootopia NFT avatar series. The interesting avatars are yet to receive much recognition from CZ and the general NFT market and remain at fairly achievable prices. 

While comparisons to something like Bored Apes may still be very early to make, as Binance’s NFT Marketplace continues to grow, so will the interest and prices of intriguing collections. 

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Dardania Havolli

Dardania is an experienced researcher, editor and writer who is currently completing his PhD in Creative Writing. He is passionate about blockchain technology and the impact it will go on to have on our lives. He holds bags mostly in BNB, SOL and IOTX.

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