The Binance Chain continues to move forward with the launch of a new open-source program for “Innovative Creators”. The Binance Coin (BNB) is the operating currency for the Binance Chain. The Binance Chain is a decentralised exchange platform that provides users an exchange with a focus on security, listing fees, and liquidity. The Binance Chain is operating a redesigned Binance DEX as of now. Binance Coin (BNB), in addition to being the operating currency for the Binance Chain, will be the “Creative Commons” currency for the Binance NFT programme.

The NFT Innovative Creators Program has been launched for any and all crypto-enthusiasts to take part in.

Binance, the world’s largest cryptocurrency exchange by trading volume, has launched its NFT (NEO-fiat) Innovative Creators Program, which allows developers to create their own tokens on the exchange and trade them. The program is a big step for Binance, as it will allow for the creation of a new standard for the crypto space. NFTs are similar to tokens, except that they have the ability to be transferred between users without the need for an intermediary.. Read more about nft on binance smart chain and let us know what you think.

Binance Continues to Branch Out with ‘NFT Innovative Creators Program’ Whether it’s digital securities, non-functional tokens (NFTs), digital currencies or even utility tokens, one thing is clear: blockchain-based assets have the potential to impact a wide range of industries.  As a result, they attract an equally wide range of investors – bitcoin maximalists trade on the same platforms as investors exclusively interested in NFT. To capitalize on this broad appeal, stock markets are working hard to diversify and support this growing asset class.  Below is a recent example of this on the world’s largest exchange, Binance.

Programme for innovative creators

To support NFT’s growth, Binance recently announced the creation of the NFT Innovative Creators program. Under the program, for which applications are currently open, selected content creators will have their NFTs listed on Binance’s upcoming NFT trading platform.  For those who have been successful, Binance points out the following benefits.

  • For the first month after the launch of Binance NFT, your collectibles will be featured on Binance NFT. With limited space, your collectibles will be accessible to a wider audience of NFT enthusiasts and collectors, as well as one of the largest cryptocurrency communities in the world.
  • Getting paid for your work. Creators will receive 99% of the proceeds from the first sale of NMT, plus a 1% royalty on subsequent NMT transactions.
  • Your collectibles will have a chance to be featured on Binance’s official social media channels, which reach an audience of millions.

While the validity of the hype surrounding NFT is debatable, one thing is certain: this company is changing the way content creators monetize their work. If you want to learn more about NFTs and their potential to transform content monetization, check out our overview of how they are changing markets HERE.

Rapid development

In addition to the above program launched by Binance, many events related to the launch of NFT have taken place in recent days.  Professional athletes and large corporations are examples.

Floyd Mayweather

In early June, Floyd Mayweather will face off in a boxing match with… Logan Paul is a divided YouTube personality.  This is not a fight designed to bring out the best in boxers, but rather a publicity stunt featuring an unlikely underdog against a boxing great. Even though Mayweather hasn’t had a great start in the digital asset space, that hasn’t stopped one of the greatest boxers of all time from recognizing the hype surrounding NFT and capitalizing on it.  A number of NFTs will be released prior to the upcoming bout to celebrate Mayweather’s legacy, among other things,

  • Animation
  • Artistic design
  • Memorabilia

This initiative is a testament to the continued interest of athletes in NFT, with the NBA perhaps leading the way.

eBay

When it comes to online auction sites, there is one constant that everyone has heard of: eBay.  To keep up with the times, eBay also recently announced conditional support for NFT sales on its platform.  Such an initiative could put the NMT in the spotlight of an audience that may have never heard of these assets. While eBay’s decision to allow the sale of these assets on its platform may draw public attention to this asset class, many NMT sales have already taken place at traditional auction houses such as Sotheby’s and Christie’s.Last week, Binance, the world’s largest cryptocurrency exchange, launched a new “NFT Innovative Creators Program” to cultivate the next great blockchain projects. Binance has raised over $1 billion in its token sale since launching in 2017. Now, Binance is looking to fill demand for new digital tokens that will be issued on the Binance blockchain.. Read more about binance smart chain nft marketplace and let us know what you think.

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