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Binance announced the launch of its NFT market

Binance announced the launch of its NFT market

Binance NFT will be ready by June this year.

Binance, one of the world’s largest cryptocurrency trading platforms, announced this week its intention to launch a market for NFTs, Non-Fungible Tokens.

Dubbed as Binance NFT, the platform will be ready by June this year. The Malta-based company stated that the new marketplace would bring together “artists, creators, and crypto enthusiasts from around the world” and allow them to hold top-tier art exhibitions and collaborate with other global and regional NFT creators.

Binance clarified that the new Binance NFT marketplace/platform will share the same account system as Binance.com , allowing users to access the marketplace alongside its other ecosystem offerings.

The company furthermore promised that it would charge the lowest NFT trading fees on the market, creating another avenue for users to spend their native BNB token. The cost of buying a BNB has already increased more than 1400% in 2021.

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