Blockzeit
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
  • EnglishEnglish
    • EnglishEnglish
    • DeutschDeutsch
    • PortuguêsPortuguês
Buy Crypto
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
Blockzeit
No Result
View All Result
Home NFTs
Binance NFT

Binance NFT

Binance Unveils Fun and Fair Subscription Mechanism for its NFT Marketplace

Tom Nyarunda by Tom Nyarunda
January 10, 2022
in NFTs
Reading Time: 3 mins read
0
Share on FacebookShare on TwitterShare on LinkedinShare via WhatsappShare via Email

The Binnace NFT feature consists of four phases: Preparation, Subscription, Calculation, and Distribution. It will allow users to buy exclusive NFTs fairly and equally. 

Binance NFT has announced the launch of the Subscription Mechanism Feature to enable all participating users to stand a fair and equal chance to purchase NFTs during NFT primary sales successfully. The feature announced by the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider consists of four phases: Preparation, Subscription, Calculation, and Distribution.

As per the announcement, users will become eligible to participate in the NFT main sales during the preparation phase. They must have a minimum daily average BNB holding specified by the NFT creators and may vary from project to project.

Equal opportunity on Binance

Additionally, users who meet the minimum requirements will be given participation tickets during the Subscription period to participate in the sale. The NFT projects will determine the number of participation tickets supplied to each qualified user. Commenting on the need for the mechanism, the blog post stated: 

“As NFTs become increasingly popular each month, we understand that the odds of purchasing an NFT are becoming slimmer. That’s why we recently launched the ‘Subscription Mechanism’ to ensure that all users get an equal opportunity to participate in Binance NFT primary sales.”

The step taken by Binance takes cognizance of the overwhelming participation by users in the NFT space. The initiative is an effort to ensure the participation of everyone interested in the NFT ecosystem.

Binance NFT is growing

Notably, the crypto firm’s NFT marketplace has been seated in the top places since its launch. The platform gained popularity by creating a single door for all the creators, collectors, and crypto-enthusiasts alike. Binance was also the first player to recognize the potential of disruption of the gaming industry on the NFT front and came up with different ways to support it and boost it. 

However, the platform has not solely dedicated itself to the gaming side of the NFT marketplace. The platform has repeatedly shown its dedication to the overall improvement and growth of the entire NFT ecosystem as a whole. Speaking on its new Subscription Mechanism, Helen Hai, Head of Binance NFT, states,

“As Binance NFT has always been committed to building an inclusive platform, we believe that the Subscription Mechanism will add value to our mission. Not all users have been able to buy the NFTs they want due to the high price or popularity of the works. With this new feature, Binance NFT provides equal opportunities for users to purchase NFTs through the primary sales, and we hope that this will allow users to participate in the NFT market more actively.”

Since its launch, Binance NFT has sold over 1.3 million mystery boxes and earned over 470 million BUSD in sales. Moreover, Binance NFT now supports multi-chain deposits and withdrawals.

1a49ddd7 d169 48a0 a252 3fc3a2ad01bb 1
Tom Nyarunda

Tom is a freelance writer with over 10-years’ experience in content creation, blog writing, and SEO specializing in the blockchain and cryptocurrency niche. As a philosophical figurehead, he believes that to make our world a better place, we must invest in incorruptible products and procedures, of which Bitcoin and other cryptocurrencies are leading examples.

Previous Post

PayPal Reportedly Exploring the Launch of PayPal-Stablecoin

Next Post

Pollen DeFi $PLN will be the first Avalanche token to list on AscendEX

Related Posts

FrEFsfzakAI5iyU

Polygon Partners With Nexon To Launch MapleStory NFT Universe

by Ken Emmanuel
March 23, 2023
0

Nexon, the largest gaming developer and publisher in Korea, announced that it has selected Polygon, a leading Ethereum scaling blockchain...

Sony & NFTs

Game On: Sony Set To Change The Game With NFT Integration On PlayStation

by Edmond Herrera
March 22, 2023
0

Sony Interactive Entertainment is set to implement non-fungible tokens (NFTs) into its iconic PlayStation gaming consoles. Discover how NFTs will...

Deadrop Early Access

Deadrop: DrDisrespect’s Shooter Web3 Game

by Edmond Herrera
March 22, 2023
0

Dr. Disrespect's web3 gaming studio releases its highly-anticipated NFT shooter game in early access. The game's unique culture of "teaming"...

Load More

Get updates to your inbox!

Subscribe to our mailing list to receive daily updates!

FOLLoW US:

Blockzeit Logo 10 1

Blockzeit was founded in 2021 in Switzerland with the mission of bridging the gap between the complex blockchain technology and the general public. Blockzeit is a news and education platform that aims to make blockchain more accessible and bring more transparency to the scene.

Popular Categories

Categories
  • Bitcoin News
  • Business
  • Education
  • Investing
  • Markets
  • Metaverse
  • NFTs
  • Politics
  • Press Release
  • Switzerland
  • Technology
  • Trends
  • Uncategorized

Important Links

  • Privacy Policy
  • Disclaimer
  • About us
  • Contact us
  • Blockchain Jobs
  • Events

Contact & Social

For guest posts, contact us via info@blockzeit.com

 

Contact: info@blockzeit.com
Press: press@blockzeit.com

Facebook Twitter Linkedin Instagram
  • Home
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
  • Education
  • Events
© Copyright by Blockzeit.com. All rights reserved.

Disclaimer

SAVE 20% ON BINANCE FEES

Sign Up Here
No Result
View All Result
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
  • DeutschDeutsch
  • PortuguêsPortuguês

© 2021 Blockzeit by Blockzeit.