Binance NFT will sell and resell crypto collectibles and aims to build a big community with creator-friendly practices.
“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 Binance blockchain infrastructure and community.”
The NFT Craze Continues
Binance promised “a packed lineup of premier exhibitions and NFT collaborations, along with Binance’s industry-best liquidity” that will “bring together artists, creators and crypto enthusiasts from around the world.”
Positioning Binance NFT as a creator-centric platform, the company said it will offer artists and creators “some of the lowest transaction fees in the industry.”
Both creators and resellers of NFTs on the trading market will be charged a 1% transaction fee, while receiving a 1% royalty fee for subsequent trades. Premium event artists will receive 90% of sales profits.
Binance’s CEO, Changpeng “CZ” Zhao, said:
“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.”