Upcoming Binance NFT Marketplace Launch Contains Massive Influencer Partnerships

Rapper Lil Yatchy, Kyle, and more join the Binance NFT marketplace!

By
John Tunney
on
June 3, 2021
Category:
BSC News

The Binance NFT Marketplace

22 days from now, on June 24th, the Binance network looks to launch their own Non-Fungible Token (NFT) marketplace! The Binance NFT marketplace has already brought on board hugely famous artists and musicians, including:

Binances NFT marketplace aims to give users the best and most seamless NFT experience. Binance already offers some of the lowest transaction fees and fastest blockchain network speeds available. This allows more users to access the exciting world of NFTs and digital collectibles without having to pay high fees or experience long wait times.  


Additional Benefits of Binance

The Binance NFT marketplace will also allow all existing Binance users access to the NFT marketplace (using their existing wallet) without additional setup. This is a tremendous benefit to the user and NFT artists, as Binace is the world's largest crypto exchange. For artists looking for the most exposure, it would make sense to join forces with one of the largest crypto platforms in the world.

Source

For fans of NFTs, this is a colossal and perhaps monumental shift in how NFTs are thought of. Most NFTs run on the Ethereum network. However, with Binance launching their own NFT marketplace, the high costs, slow transaction times and environmental impacts that are usually associated with NFTs could be substantially limited!  


Significance 

The significance of Binance launching their own NFT marketplace could be a monumental shift in how the crypto industry and world in general talk about these digital assets. NFTs have a major issue with them, that keeps some talented artists away from the digital asset class. These are the environmental impacts and transaction costs that are currently caused when creating, selling and or transferring NFTs, which is gone into more in depth in this article

Binance could completely change the narrative on NFTs. From environmental hazards to cool, collectible digital assets. These potentially have a smaller carbon footprint than mailing a hand drawn painting; Binance looks poised to make a real difference in the NFT space!

For those reading who are looking to learn more about the upcoming Binance NFT marketplace, click here


NFTs

An NFT is a digital asset which 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 considered to be the world's largest cryptocurrency exchange platform 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.


Binance NFT Marketplace Launch Date

Binance plans to launch their NFT marketplace June 24th!

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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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