Binance, the world's largest cryptocurrency exchange, has announced the launch of its own NFT (non-fungible token) platform, which will allow users to create, buy and sell unique and unrepeatable digital works of art.
The Binance NFT platform will launch in June 2023 and will offer two main categories: one called “Premium Event,” which will feature exclusive collaborations with world-renowned artists, celebrities, and athletes, and another called “Trading Market,” which will allow users to create their own NFTs and collect a 1% commission on each sale.
Binance has revealed that one of the first collaborations to take place in the “Premium Event” category will be with digital artist Beeple, whose real name is Mike Winkelmann, who recently sold a digital artwork for $69 million at auction house Christie’s, setting an all-time record for the NFT sector.
Beeple will create an exclusive digital artwork for Binance NFT, which will be auctioned on the platform with proceeds going to a charity. The artist has expressed his excitement about the collaboration and said he hopes NFTs will be a way to democratize art and give more people access to the world.
Binance NFT will be integrated with the Binance main platform, meaning that users will be able to access the NFT platform with their existing Binance accounts and use the same wallets and payment methods. Additionally, Binance NFT will be supported by Binance’s infrastructure and security, as well as its extensive network of users and partners.
Binance NFT joins Binance’s growing product and service offering, including spot trading, derivatives, options, P2P, staking, savings, lending, Binance Smart Chain, Binance NFT Marketplace, and Binance Pay.
Binance NFT aims to become one of the largest and most diverse NFT platforms in the world, offering users a unique and quality experience, and supporting the development and innovation of the NFT sector.
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