Users between the two platforms can now use NFTs interchangeably and the agreement should see an injection of liquidity.
NFTb x Binance: First Stage Done
Phase one of the exciting new partnership between NFTb and Binance NFT has been completed without a hiccup.
Users are now able to deposit their NFTs between NFTb and Binance NFT. The announcement was made on December 27 via NFTb’s official Medium page. The important progress being made is likely to have a positive impact on the growth of NFTs across the BSC ecosystem.
“The lack of liquidity is a significant barrier for the growth of NFTs in the BSC ecosystem. The NFTb team has been working closely with Binance NFT to explore new ways to improve market liquidity for digital assets,” NFTb explained in the announcement.
Liquidity has been long yearned for by NFT hodlers on BSC, while many had hoped to see the flourishing of the NFT market on the chain. The latest news coming from the partnership is likely to stimulate excitement and could provide the catalyst that many have been asking for.
“This feature will allow users to deposit NFTs from NFTb onto Binance NFT,” the announcement confirmed. ”Integration opens up the opportunity for NFT owners to access greater liquidity for high-value assets by being able to easily transact their NFTs on both NFTB and Binance NFT.”
December has already seen important developments for NFTb with its week of launches offering up plenty of excitement, but this latest partnership may well help address some of the needs of NFT holders on BSC.
With the incredible year NFTs have enjoyed on Solana, Binance will be looking to bridge the gap and this latest move is a clear move in the right direction. Just how much of an impact this latest partnership will have remains to be seen, but it does register an appetite to invigorate NFT sales on the chain.
What is NFTb?
NFTb is an NFT exchange protocol built on the Binance Smart Chain (BSC) network. The platform can be accessed anywhere around the globe and is rumored to have partnered with hundreds of graphic designers. The project’s chief concern is providing a powerful and easy-to-use platform for content creators to use while at the same time creating an affordable experience for NFT collectors by leveraging the power of the BSC network.
Where to find NFTb:
Website | Twitter | Telegram | Discord | Blog |
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Source : bsc.news
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