• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Binance Jumps On The NFT Bandwagon; Binance NFT To Go Live In June
Binance

Binance Jumps On The NFT Bandwagon; Binance NFT To Go Live In June

April 28, 2021 by Sahana Kiran

NFTs have caused an uproar in the crypto market, and Binance has not backed down. The world’s largest cryptocurrency revealed its enthusiasm for nonfungible tokens [NFT] by announcing the launch of its own NFT platform.

NFTs are nothing but digital collectibles that one can purchase online. However, this innovation uses blockchain technology and is bought with cryptocurrencies.

Binance earned its way to the top by making timely upgrades and releases. The crypto platform has managed to garner a large user base across the globe. The exchange had made sure to stay on par with the ongoing trends. Once again, with Binance NFT, the platform has proved that it would retain itself in the first place for quite a while.

Binance NFT To Start Operating From June 2021

In a recent press release, the crypto exchange revealed that it would be soon launching a platform exclusively for NFTs. With this platform, Changpeng Zhao’s exchange intends to provide minimum NFT transaction costs by employing the Binance blockchain.

Users would reportedly be able to use this imminent platform without any hassle of creating a new account. Users would be able to use their existing Binance.com account as they share the same system.

Speaking about the exchange’s latest venture, its CEO Changpeng Zhao aka CZ asserted,

“Binance serves millions of users around the world, many of whom will now be able to access the booming NFT space. In line with our commitment to the freedom of money globally and building an inclusive ecosystem, the Binance NFT marketplace will also support small value creators by providing the highest liquidity and cheapest fees for users.”

Furthermore, the platform revealed that with Binance NFT, users, with a processing fee of 1%, would be allowed to create NFTs. While this falls under the “Trading Market” category, the “Premium Event” section enables users to carry out collaborations as well as curated collections further allowing artists to garner about 90% gains from the sale of NFTs.

Additionally, Helen Hai was appointed as the Head of the exchange’s NFT wing. Elaborating on the prospects of the NFT platform, Hai added,

“Our aim is to provide the largest NFT trading platform in the world with the best minting, buying and exchanging experience, by leveraging the fastest and cheapest solutions powered by the blockchain infrastructure and community.”

Filed Under: News, Altcoin News Tagged With: Binance, NFT

Primary Sidebar

Recent Posts

  • Cardano (ADA) Price Surges 27% in a Week: Will It Break $1 Soon? July 15, 2025
  • Ethereum Price Nears $3K as ETF Inflows Hit Record Highs July 15, 2025
  • AAVE Aims For the $394 Price Mark, as TVL Hits a New Record July 15, 2025
  • XRP Surges 3% Within an Upward Regression Channel as Whale Wallets Break Records July 15, 2025
  • Uniswap (UNI) Breaks $9 Barrier, Rallies Toward $10.20 Target July 15, 2025

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2025 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.