Home Latest News Binance NFT: A new way of doing NFTs

Binance NFT: A new way of doing NFTs

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Seeing the popularity of NFTs (Non-fungible tokens), Binance has taken the decision of launching an NFT marketplace for it’s users. Here, users can mint, and trade new digital tokens, and participate in auctions. Premium Event is a program in which the collectibles will be used for auctioning. Whereas, on the other hand, the Trading Market is created for everyday purposes.

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The aim is to become a one-stop destination for all NFT-lovers, be it creators, cryptocurrency investors, collectors, and artists. A new NFT token will be introduced too, known as Binance NFT.

Binance will bring an interface that is intuitive, and user-friendly and offers liquidity at a minimal price. Users can get access to other services offered by the same platform.
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Artists will receive 90% profit from the sales, which is the highest standard set by any NFT platform. Binance charges a 1% processing fee, and creators receive 1% royalty charges on trading. Binance users around the world can use the platform for this purpose.

 

When will all this happen? By June of this year.

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