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Binance Could Soon have an NFT Marketplace

Posted by Jeffrey Sloe on April 05, 2021 - 12:53am Edited 4/5 at 12:57am

CZ Drops a Hint That Binance Could Soon have an NFT Marketplace

JOHN P. NJUI   •   BINANCE (BNB) NEWS •   APRIL 4, 2021

In brief:

  • Binance CEO, CZ, has hinted that the exchange could soon have an NFT marketplace
  • He also tweeted about a meeting with MetaKovan, the owner of the $69M Beeple NFT
  • An NFT marketplace on Binance is logical given the popularity of Non-Fungible tokens on Ethereum and Tron

The CEO of Binance, Changpeng Zhao, has hinted via Twitter that the exchange could soon have an NFT marketplace. CZ was responding to a tweet in which he was asked when users could expect an NFT marketplace on the trading platform. CZ went on to respond in his signature fashion of ‘careful what you wish for’ as seen in the tweet below.

‘Careful What You Wish For’ Usually Foreshadows a new Feature on Binance

The CEO of Binance has had a history of using the phrase ‘careful what you wish for’ to respond to user requests that are in line with a new feature the exchange is working on.

One such example was in May 2019 when Twitter user @CryptosBatman suggested that the exchange launch a stablecoin to which CZ responded in a similar manner. The exchange went on to launch Binance USD in September of 2019 with the stablecoin now having a circulating supply of 3,966,435,600 BUSD.

An NFT Marketplace Seems Logical Given Current Interests

In an earlier tweet, CZ narrated a meeting he had with @MetaKovan, the owner of the famous Beeple NFT that was sold for $69 million. CZ went on to describe him as a cool guy who taught him a lot about NFTs. His exact statement on the meeting can be found below.

Just had a drink with Vignesh (the guy who bought the $69m @beeple #NFT). Really cool guy, down to earth, and taught me a lot more about NFT and #crypto.

In conclusion and connecting the dots, Binance launching an NFT marketplace seems like the next logical step by the exchange given the popularity of several Ethereum based NFT marketplaces and the commitment of Tron’s Justin Sun through the JUST NFT fund.

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Original article posted on the EthereumWorldNews.com site, by John P. Njui.

Article re-posted on Markethive by Jeffrey Sloe

Mihai Cristian Thanks for sharing
April 5, 2021 at 3:41pm
Simon Keighley Binance having it's own NFT marketplace could be a wise decision due to the popularity of the Non-Fungible Token sector. Thanks for sharing the news, Jeffrey.
April 5, 2021 at 7:32am
Caleb Mpamei Thanks Jeffrey for the information. Looking forward to all the new developments in the industry as a whole.
April 5, 2021 at 6:18am
Zsolt Pasztor Great info thank you Jeffrey! Please read my blog posts related to crypto investing and crypto trading.
April 5, 2021 at 3:13am
Bill Rippel Yes Charles, we will waite and see.
April 5, 2021 at 3:13am
Charles Phillips Binance's proposed NFT is a logical move indeed. We will see if it actually happens.
April 5, 2021 at 2:54am