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Will this give Binance Smart Chain a monopoly over NFT?

Will this give Binance Smart Chain a monopoly over NFT?

Asked On2022-01-23 12:52:43 by:Suresha-N

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Innovations like BEP 721 and BEP 1155 present an interesting future ahead in the crypto-collectibles community. It’ll be beneficial to gloss over some of the platforms within BSC that facilitate mining and swapping and acquiring NFTs. Some popular NFT Marketplaces based on BSC blockchain include Binance MarketPlace, Juggernaut, BakerySwap, and TreasureLand. 

Juggernaut describes itself as the first to offer an exclusive BSC-based NFT marketplace to sell, buy and create NFT’s. It allows you to set royalties whenever an NFT sale is made, and what’s more, it allows creators to make their own marketplace to sell their NFT converted art pieces.

BakerySwap has the largest NFT marketplace making it quite accessible to create, mint, and sell the NFT at the same place. It is also a decentralized exchange (DEX) that uses an automated market maker (AMM). This means that there are no order books to connect the available buyers and sellers. But rather uses the liquidity pool to trade. An NFT combo within the platform allows the trade. Higher tier NFT combos are offered to those with more BAKE tokens(native tokens) staked in the pool.

TreasureLand is an open NFT ecosystem meaning that anyone can initiate mining, auditioning, and trading. It is part of the Dego Finance, a BSC project. It allows free minting of NFTs since the buyer pays the fee. And the process is simple to follow through.

Answerd on:2022-01-23 Answerd By:Suresha-N

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