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Binance to Launch NFT Market in June April 27, 2021 @ 1:56 pm By JD Alois Binance, the world’s largest crypto exchange, announced a forthcoming NFT market to launch this coming June. NFTs or non-fungible tokens have boomed in recent months. While in existence for years, the advent of the sale of a work of digital art by Beeple for over $60 million launched NFTs into broad public relevance. Changpeng Zhao, CEO of Binance, said that Binance currently serves millions of users around the world – many who will be able to access the NFT market: “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.” ....
What Happened: Binance, the world’s largest crypto exchange by trading volume, said it will launch an NFT marketplace in June, CNBC has reported. The platform would focus on two distinct markets: a premium venue for high-value auctions and a standard trading market where users can mint new non-fungible tokens. According to Binance, the premium venue would take a cut of 10% from the proceeds of major auctions, while the remaining 90% would go directly to the artists. The standard trading market, on the other hand, would charge a 1% processing fee to creators who will thereafter continuously receive a 1% royalty. The exchange has already set up a landing page for the upcoming NFT platform, encouraging users to get in touch regarding NFT drops and potential business opportunities. ....
Binance is planning to roll out an NFT marketplace “Binance NFT”. The exchange revealed this news via a blog post on April 27, noting that Binance NFT would serve as a hub for artists, content creators, and crypto enthusiasts across the globe. The launch is slated for June this year, and the platform will share […] ....
Binance is launching a digital art marketplace as the world's largest crypto exchange taps into the NFT craze msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Binance jumps on the NFT market Cryptocurrency exchange Binance today announced plans to launch an NFT marketplace. Set to open in June, the NFT trading platform will be offering a full creator and trader user experience with minimal fees, high liquidity, and high-value collectibles in all forms, such as visual art, music, games, sports, and metaverse. The Binance NFT marketplace will share the same account system as Binance.com. Existing Binance users will be able to access the NFT marketplace and trade with their current Binance accounts. New users will have to register on Binance.com to create or trade on the Binance NFT platform. ....