BSC mania: Binance & Mr. Beast Invest in NFT marketplace Refinable |
Refinable is the first NFT marketplace on Binance’s Smart Chain (BSC), which has recently begun to close the gap with Ethereum in terms of market valuation.
The demand for the Binance Smart Chain is reflected in the network’s daily transaction volume and the ranking of projects at the top of the BSC.
The investments of the beans and Mr. Zverev suggest two things: Interest in NFT markets is increasing and the hype around BSC projects is growing.
Private Shares by Binance and Mr. Beast
According to a blog post on Binance.com, Refinable is the first major NMT marketplace to launch on Binance’s Smart Chain.
The platform will allow creators and users to create, open, trade and use leveraged NFTs.
Refined is the first major NFT market in the Binance smart chain. With the support of Binens and Mr. Beast, Refinable enables individual creators and entire communities to easily and affordably create, access, share and use NFTs, according to the blog post.
In the NFT marketplace, there are three NFT marketplaces currently used by a broad user base: Opensea, Rarible and SuperRare.
However, these three platforms are mainly used by NFTs on Ethereum, increasing the need for NFTs on other major blockchains.
NFTs are not blockchain agnostic by nature. This means that an NFT traded on Ethereum cannot be transferred to the Solana blockchain and vice versa.
As a result, NFT-specific markets will emerge over time, and Refinable is the first leading trading platform to launch on Binance’s Smart Chain.
Recently, Refinable has attracted a lot of interest due to a combination of growing demand for NMT and increased user activity on the Binance Smart Network.
According to BscScan, daily trading volume has increased almost eightfold since the beginning of February, in less than three months.
World’s first introduction of the Polkstarter BSC token
Polkstarter co-founder and CEO Daniel Stockhouse noted that Refinable will be the first exclusive launch of BSC, or IDO, tokens on Polkstarter.
What a day at $FINE, huh?
We’re glad @binance mentioned us on his blog!
First #IDO exclusive #BSC on @Polkastarter, invested by @MrBeast…. And much more.
You won’t want to miss this. https://t.co/XTcVxaLAxn.
– Refinable (@refinableapp) 18. April 2021
This result is unique because it demonstrates that even within the Polkadot ecosystem there is significant interest in BSC projects and platforms related to NMT.
We are very excited to make the Polkstarter platform available to the Binance smart chain community. Refinable’s exclusive IDO is the first step in bringing more projects into the thriving BSC ecosystem. We will continue to drive innovation in decentralized finance while improving our project and user experience, Stockhouse said.
An edge in the cryptocurrency market
Get access to more cryptographic insights and context in every article as a paid Edge member.
Join now for $19 a month Discover all the benefits