Juggernaut (JGN) has reached a new All Time High! Let’s talk about why the project is seeing so much growth recently.
The protocol, which boasts a unique ecosystem of both decentralized finance (DeFi) and Non-fungible tokens (NFTs), announced its latest milestone in a Tweet on May 6th. The news emerges in light of Binance’s interest in the NFT space, as they recently announced their plans to delve into the NFT market. In a statement made on its official blog, the world’s leading cryptocurrency exchange discussed the launch of Binance NFT — an NFT marketplace set to launch in June 2021. Binance intends to bring together artists, creators, crypto enthusiasts all over the world with this initiative. In this article, we will discuss Binance’s new NFT exchange and how it has boosted JGN.
NFT Marketplace on Binance
When it comes to crypto investments, Binance is one of the most established networks. The cryptocurrency exchange has financed various NFT projects while funding ecosystem partners in the Binance Smart Chain (BSC). The new NFT marketplace will start with portfolio companies, as they have invested a considerable chunk of time and resources into this sector. They will then move on to other BSC projects as they continue to improve their user experience.
Binance is looking to integrate NFTs with binance.com accounts, which will make NFTs available for many new and existing users.
Significance of Binance NFT Marketplace for JGN
JGN recently reached an All Time High of $5, the protocol disclosed in a Tweet. The price may increase even further with the integration of Binance NFT marketplace. This is because Binance is already a household name in the cryptocurrency market with a massive user base. JGN is among many NFT platforms that will benefit from a collaboration with Binance to enjoy increased liquidity.
There will be competition across the chain because many NFT protocols will jump at the opportunity to collaborate with Binance. However, the industry is now established enough that innovation and experimentation outweighs competition. Therefore, it is best for JGN and other NFT platforms to be a part of this integration rather than launch a proprietary NFT exchange.
Juggernaut is a complete custom DeFi suite, governance, and NFT ecosystem with full BSC compatibility. The platform aims at creating a one-stop BSC NFT Exchange with open access, freedom of usage, and availability to anyone around the world.
As part of its long-term goal, JGN is building an NFT infrastructure, complete with games and collections. JGN is also building a unique ecosystem full of compelling use cases incorporating DeFi and NFTs.
Source : bsc.news
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