{"id":236532,"date":"2021-04-27T15:45:40","date_gmt":"2021-04-27T12:45:40","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/binance-crypto-exchange-to-launch-its-own-nft-platform\/"},"modified":"2021-04-27T15:45:40","modified_gmt":"2021-04-27T12:45:40","slug":"binance-crypto-exchange-to-launch-its-own-nft-platform","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/binance-crypto-exchange-to-launch-its-own-nft-platform\/","title":{"rendered":"# Binance crypto exchange to launch its own NFT platform"},"content":{"rendered":"<p>&#8220;<strong># Binance crypto exchange to launch its own NFT platform <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvOTVlNjgxMGUtZDU4Yy00ZTIxLThlZjAtNGIwOWI1MDA4NmUyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Binance, the world\u2019s largest cryptocurrency exchange, is entering the nonfungible token industry by introducing its own NFT platform and marketplace.<\/p>\n<p>The company <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.binance.com\/en\/blog\/421499824684901995\/Introducing-Binance-NFT-A-Groundbreaking-NFT-Marketplace-Launching-June-2021\">announced<\/a> Monday the upcoming launch of Binance NFT, a new NFT platform that is expected to start operating in June 2021.\u00a0<\/p>\n<p>Based on Binance\u2019s blockchain infrastructure, Binance NFT aims to provide minimum NFT transaction costs, Binance NFT head Helen Hai said.<\/p>\n<p>The new NFT marketplace and offerings will be available to all existing Binance users as Binance NFT will share the same account system as Binance.com.<\/p>\n<p>According to the announcement, Binance NFT will debut with two main venues including a \u201cTrading Market\u201d allowing everyday users to create NFTs, with Binance charging a 1% processing fee. A \u201cPremium Event\u201d category will target exclusive collaborations and curated collections, with artists receiving 90% of profits from NFT sales. Binance CEO Changpeng Zhao said:<\/p>\n<blockquote><p>\u201cBinance serves millions of users around the world, many of whom will now be able to access the booming NFT space. 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.\u201d<\/p><\/blockquote>\n<p>NFTs are unique digital collectibles brought online using blockchain tech, the underlying <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> of cryptocurrencies like Bitcoin (BTC) and Ether (ETH). Most NFTs are currently based on the Ethereum blockchain, while other blockchains like Binance\u2019s smart contract blockchain network, Binance Smart Chain, or BSC, are beginning to enter the space.\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/binance-crypto-exchange-to-launch-its-own-nft-platform\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Binance crypto exchange to launch its own NFT platform &#8221; Binance, the world\u2019s largest cryptocurrency exchange, is entering the nonfungible token industry by introducing its own NFT platform and marketplace. The company announced Monday the upcoming launch of Binance NFT, a new NFT platform that is expected to start operating in June 2021.\u00a0 Based&#8230;<\/p>\n","protected":false},"author":1,"featured_media":236533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvOTVlNjgxMGUtZDU4Yy00ZTIxLThlZjAtNGIwOWI1MDA4NmUyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,74894,74860,74891,95118,117,72927],"class_list":["post-236532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-blockchain","tag-cryptocurrency-exchange","tag-ethereum","tag-nft","tag-business","tag-fees"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/236532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=236532"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/236532\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/236533"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=236532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=236532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=236532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}