A new opportunity is out there for NFT artists, as Binance recently announced its own marketplace, to be launched in June. Now they’re sweetening the pot with a special “Binance Innovative NFT Creator” program for select artists. Applications are open to get exclusive early access, and a featured spot on the new site.
Binance operates on the Binance Smart Chain, though the new NFT marketplace will also support Ethereum. They have a massive crypto community under its belt, making this exclusive deal all the more enticing for artists.
NFT perks for creators
The terms of the Binance program differ from the typical NFT arrangements. All artwork will be featured not just on the marketplace itself, but across Binance’s formidable social media presence, reaching millions of followers. Creators will receive 99% of proceeds from the first sale of any token, and then 1% for every sale thereafter.
The application process is more involved than what many experienced NFT artists may be used to. Beyond an introduction and portfolio, artists are required to share the social media accounts. They are also asked to explain what they hope to create and share through Binance.
Curated marketplaces gaining steam
This won’t be the first curated NFT marketplace, but it will have one of the biggest built-in audiences. The benefits of a highly selective roster might be enough to push Binance to the top of the charts. While other sites like Rarible, OpenSea and Hic et Nunc welcome all newcomers, Binance is betting on exclusivity first.
Binance’s new Innovative NFT Creator program is open to applications until May 31.
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