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When Will Binance Nft Launch

When Will Binance Nft Launch

What is Binance’s new NFT marketplace?

The world’s biggest cryptocurrency exchange, Binance, has announced its plans to enter the NFT space. Binance is unveiling an NFT marketplace this June. The platform will host a market for premium auctions and exhibitions, and a regular day trading market.

How does Binance support artists'artworks?

Binance will promote the selected artists' artworks on Binance official social media channels. Binance will only charge a 1% transaction fee, and the artists will receive 99% of profit for the first sale of their NFTs as well as a 1% royalty payment from any subsequent NFT trades.

How big is the market for NFTS?

In the first quarter of the year, NFTs generated over $2 billion in sales, according to NonFungible.com. With Binance charging a transaction fee on every trade, it stands to reason that there could be a big incentive to establish a stronghold in the market.

Which cryptocurrency exchanges are entering the NFT space?

The world’s biggest cryptocurrency exchange, Binance, has announced its plans to enter the NFT space. Binance is unveiling an NFT marketplace this June. The platform will host a market for premium auctions and exhibitions, and a regular day trading market. It will initially support Binance Smart Chain and Ethereum.

When Will Binance Nft Launch

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