The Binance NFT marketplace, launched by Binance, the world’s largest cryptocurrency exchange in terms of daily cryptocurrency trading volume, is a marketplace that features all types of digital artworks and collectibles.
The Binance NFT marketplace is powered by the Binance blockchain – the Binance chain (BNB chain) – infrastructure and community.
The marketplace offers three product lines: the marketplace for selling, buying, and trading NFTs, events with digital artists, singers, sports, and celebrities, and mystery boxes.
The Binance NFT marketplace currently supports BNB, BUSD, and ETH.
Binance NFT is a platform that allows users to buy, sell, and trade digital assets such as artwork, music, and collectibles using cryptocurrencies.
Binance NFT was launched in June 2021.
Binance NFT currently supports the Ethereum, Polygon, and BSC blockchains.
When users sell an NFT on Binance NFT, a flat 1% platform service fee will be applied to the sale price.
Whenever an NFT is sold, a portion of the sale price is allocated to compensate the original NFT creator. Sellers are required to pay a royalty fee ranging from 0% to 10% to the creator.
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