Binance NFT Marketplace - Everything you need to know about this Epic platform

Non-Fungible-Tokens entirely changed the way we perceive art and collectibles. The Interest for NFTs rose to peak after the announcement of Binance NFT in April 2021.Binance NFT turns out as the crucial search term in the month of June.

Art lovers all over the globe are waiting for the launch of Binance NFT hoping for much more in it.  Binance itself stated. “ We worked hard to deliver what we think will be the ultimate, no-compromise NFT experience you’ve been waiting for '' which triggers the curiosity much more. Now, to put an end to our wait, the epic NFT Marketplace will be launched within a few hours. 

Binance NFT Marketplace

Binance NFT is the NFT Marketplace launched by binance on binance smart chain. Till now, many popular NFT marketplaces are launched on the native blockchain of binance but this one is expected as the Game Changer. It is expected that the Binance NFT will bring liquidity to the  NFT ecosystem. Binance aspires to rejunivate the entire NFT ecosystem with their unique innovative approach.

Binance NFT Architecture

Binance NFT is the place for all kinds of collectibles from art to sports. It is designed to operate as a dual chain. This dual chain mechanism lets users give access to NFTs on Ethereum Blockchain via binance wallet.

One needs to login with the Binance account to get access to the binance NFT.  Binance NFT is classified as

• Trading Market
• Premium Events

Trading Market lets users to display their own NFTs with 1% processing fee where the Premium Events list out the curated NFT

1. Trading Market

100 Creators Event

The 100 Creator Program will fall under "Trading Market" which aims to showcase the talents of huge potential artists in various regions all over the globe.

Helen Hai, Head of Binance NFT, notes “The 100 Creators campaign was created to empower innovative but regional creators and introduce them to NFT collectors and enthusiasts around the world. We are very excited to work with these creators and hope to bring them to the mainstream of the industry.” 

NFT innovative Creators 

This NFT innovative creators program will start from the launch date for the duration of one month. It lets artists list their NFTs and earn money. Artists are provided with 99% of proceeds from the NFT sale. All the listed NFTs are shared on Binance Social Media to get more exposure

2. Premium Events

After the launch of Binance NFT, Binance will open up premium events for its audience. Yet  Binance NFT is considered as the global hub for creators, artists and collectors, these premium events will feature top-grade brands, high-quality and cutting-edge arts.

In the month of May 2021, Binance NFT announced some NFTs in the Premium Event section at the time of launch. Some of the creators listed are Trevor Jones,Michael Owen , Alphonso Davies,etc and again on the 1st of june, it announced the second slot list of NFTs which will appear in the Premium events section. 

Featured By Binance - Decentralized  Version of Binance NFT Platform

On 17th June, Binance launched the NFT platform entirely in a decentralized version, Featured By Binance. Which is completely non-custodial and seems to be in partnership with high quality brands and top notch artists. 

It offers 60+ iconic film moments of Hollywood star  Dylan Cole’s. As binance always goes with users, thus it has created the NFT Marketplace in a centralized and decentralized  version as they did in cryptocurrency exchanges.

How to Sell NFT on Binance NFT Marketplace ?

The Process of selling NFT is quite simple and straightforward. Once the NFT is created, the binance team will review it and then, they go live on the platform.

1. After the successful creation of NFT, one needs to list it
2. Add Listing in the collections
3. You will able to watch your NFT with the description you provided and some other details
4. You can set your NFT for highest bid or instant sale option
5. One can also add their desired payment options in the listing

Legendary Artists in Binance NFT

Binance celebrates the legendary artists Andy Warhol and Salvador Dali. As a kind of tribute they have added art works of these two most celebrated artists in the "Premium event" that will be listed in the platform for 5 days

Three Self-Portraits by Andy Warhol 

Andy Warhol is considered as the leader of the Pop Art movement and introduced silk screening to the world. Three self portraits is considered as the epic example for this technique which enables designs to be easily reproduced that have unique texture and color. 

Binance NFT also supports recreation series that will be live from 24th June with 100 NFTs and the winner receives the physical art piece as a price

Divine Comedy

To pay tribute to Dali's Divine 700th death anniversary, Binance NFT provides digitally recreated epic work, Divine Comedywhich includes binance logo and signature of CZ, CEO of binance.

Binance NFT mystery boxes

Binance Mystery boxes are considered as an innovative way to unlock the collectibles from the platform. Each Mystery Box holds rare, limited NFTS. The debut mystery box collection will be  " tokidoki '' which is a popular lifestyle brand. In the first  set of mystery box collections 16 collectibles focused tokidoki’ characters including 3 binance characters. Users can get their mystery box from the first day itself

Conclusion

Binance is finally stepping into the NFT marketplace which gives more hope to NFT Ecosystem, We Bitdeal always stick to the market trends and latest business model. Like many cryptopreneurs we were quite excited with the Binance NFT launch! 

Let’s hope for the Best !