by trading volumes, said its platform would operate two markets: A premium venue for top auctions and exhibitions and a standard trading market that anyone can use to mint new tokens.
The premium segment would take a 10% cut from the proceeds of major auctions, Binance said, with 90% going to artists. The day-to-day trading market will charge a 1% "processing fee," while creators "will continuously receive 1% royalty," according to Binance. Binance's NFT feature is set to debut in June. The company has launched a lander page for now which will let artists contact the firm about potential partnerships.
"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," said Helen Hai, head of Binance's NFT project. The move marks a challenge to Gemini, the crypto exchange founded by Tyler and Cameron Winklevoss. Gemini operates its own NFT marketplace called Nifty Gateway, which has hosted auctions from big names like Eminem and Grimes. It would also open up a new revenue stream for Binance, which has benefited considerably from the surging interest in
BinanceUS Needs to fix their verification process first. Been almost two weeks still nothing.
Learn more about dogecoin todays send a dm to set up an investment profile
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.