Binance Continues to Branch Out with ‘NFT Innovative Creators Program’

Binance Continues to Branch Out with ‘NFT Innovative Creators Program’

A few weeks back, Binance held a competition to find the best creators in the world to create and market their own NFTs (non-fungible tokens), and the winners (Katie and Drew from Cryptosphere) are now bringing their innovative ideas to life with the help of Binance. The specific NFTs created and released by the winners will be available for trade on Binance Exchange.

Binance, the world’s largest cryptocurrency exchange by 24-hour trading volume, has announced its newest addition to its innovative and prolific blockchain ecosystem, the NFT Innovative Creators Program. The new program will provide aspiring blockchain artists, designers, and developers with creative tools and resources, including a blockchain-based creative asset management system, a blockchain-based file storage tool, and a blockchain-based application hosting tool.

There are a lot of NFTs in the market, and Binance wants to include even more. The exchange recently announced the “NFT Innovative Creators Program” which will allow dozens of NFTs to be listed and traded on the exchange (starting with 10 coins). The program will be open to any coin that is not currently listed on Binance, and applicants will have to pass a rigorous vetting process to be considered. This is another move by the exchange to expand their offering of coins, as well as to encourage more innovative NFTs to join the ecosystem.. 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 interested solely 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 receive 99% of the proceeds of the first NFT sale and 1% royalties on subsequent NFT 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.  This initiative can bring NFTs to the attention of an audience that may not have heard of them before. While eBay’s decision to allow the sale of these assets on its platform provides the opportunity to open up this asset class to the general public, there have already been numerous instances of NFT sales at traditional auctions such as Sotheby’s and Christie’s.Binance, the world’s largest cryptocurrency exchange, has been a bit busy lately. The company has launched a number of successful Initial Coin Offerings (ICOs) including the Binance Coin (BNB) and the Binance Launchpad. Just days ago, the exchange announced a new “NFT Innovative Creators Program” that will allow registered community members to purchase NFTs (non-fungible tokens) from the Binance Trust, a subsidiary of the exchange.. Read more about binance smart chain nft marketplace and let us know what you think.

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