Binance's New and Improved Market Will Feature OpenSea NFTs

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Today, Binance NFT unveiled the first round of updates to its marketplace with the incorporation of OpenSea NFTs, allowing users to investigate non-fungible tokens from other exchanges and blockchains.


Before diving into this piece, you may want to catch up on some relevant stories, like how Sam Bankman-Fried has become Washington's go-to crypto guy or how Alameda Research utilized insider knowledge to acquire tokens on FTX.


The bulk of OpenSea's top 200 ERC-721-based NFT collections will be available on the updated platform, in addition to the NFTs already listed on the Binance marketplace. With this connection, Binance NFT thinks it is one step closer to becoming the industry standard for NFT trading.


To better serve its customers, Binance NFT wants to include other markets and chains and provide a wider variety of digital assets in the near future. The initial part of the platform's update includes new metrics and data visualizations on the NFT Collection and individual NFT pages for improved price analysis, as well as access to NFTs listed on Binance NFT (Ethereum and BNB Smart Chain) and OpenSea (Ethereum) via the Binance NFT Marketplace.


In addition, the Binance NFT Marketplace's Homepage, Marketplace Main Menu, Search Filters, and NFT Assets sections have all been improved in terms of user interface and user experience, as have the processes for depositing NFTs and completing purchases with them.


In honor of the World Cup, Binance Fan Token has also established a new online competition called "Football Fever 2022." It's possible for fans to win $1,000,000 in rewards and NFT prizes. Fans would have to sign up and get a free NFT passport in order to take part in the daily challenge of guessing the outcomes of forthcoming matches.


Lisa He, Head of NFT and Fan Tokens at Binance, expressed the company's delight at the opportunity to add to the already-memorable experiences of the millions of fans tuning in from across the globe to witness this historic event. In addition to feeling like they are a part of the action and having a good time, participants also have the possibility to win amazing prizes, one-of-a-kind experiences, and rare NFTs.


After announcing a multi-year collaboration contract with Binance in June, football superstar Cristiano Ronaldo released his first NFT collection with the exchange on Tuesday. On Friday, November 18, the collection will make its debut on the Binance NFT exchange.


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NFTs

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