Binance, the global blockchain ecosystem with over 172 million users, announced the launch of the highly anticipated Binance NFT Marketplace today (2/1). Integrated within the Binance App and the Binance Web3 Wallet, the Binance NFT Marketplace provides users with a convenient and user-friendly platform for trading and minting a series of NFT tokens.
NFT tokens refer to a type of fungible token that can create digital collectibles on the blockchain. They can be used to store various types of data such as text and images, create non-fungible tokens (NFTs), and generate decentralized applications (dApps). For example, the recently popular BRC-20 token is a NFT token minted through the Ordinal protocol on the Bitcoin blockchain. According to a report by Binance Research Institute, the minting volume of NFT tokens has rapidly increased since the conceptualization of BRC-20 in March 2023.
The Binance NFT Marketplace offers users a variety of rich features to explore NFT tokens:
– Rich selection: Trade or mint BRC-20 tokens, EVM tokens, and other NFT tokens.
– Convenient transfers: NFT tokens can be easily transferred between the Binance trading platform and the Web3 Wallet.
– Fast transactions: BTC transaction accelerator enables faster transaction experiences.
Rohit Wad, Chief Technology Officer of Binance, shared:
“To help users enter the world of NFT tokens more conveniently, the Binance NFT Marketplace has adopted the API of Ordinals and the leading market in the NFT domain – UniSat. This strategic move brings UniSat’s deep liquidity and a selection of over 60,000 BRC-20 tokens to users, while maintaining the simplicity, convenience, and security of the Binance Web3 Wallet.”
Lorenzo, the person in charge of UniSat, shared:
“The Binance NFT Marketplace is the latest innovative product launched by Binance to continuously promote Web3 accessibility and improve user convenience. Last month, the Binance Web3 Wallet introduced a series of new features, including the launch of new chains, enhanced interaction choices, and integration with 19 more feature-rich dApps.”
The Binance Web3 Wallet and Binance NFT Marketplace will introduce more new features, upgrades, and support for new tokens. Stay tuned for more details on the official channels of Binance.
Disclaimer: The Binance Web3 Wallet is an optional product. You are responsible for determining whether this product is suitable for you. Binance is not responsible for your access or use of third-party applications (including the functionality embedded within the Binance Web3 Wallet) and disclaims any liability for your use of such third-party applications, including but not limited to any transaction disputes. Please read the Binance Web3 Wallet Terms of Use carefully and always conduct your own research.
This article is provided by the official source and does not represent the position or investment advice of this site. Readers must conduct their own careful evaluation.
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