• Binance NFT Marketplace brings together artists, creators, and crypto enthusiasts on a single platform to create and trade top NFTs. The platform features 3 product lines:
• • Events: Buy premium and exclusive NFTs created by global leading artists
• • Marketplace: Mint, purchase, and bid on NFTs from creators around the world
• • Mystery Box: Stand a chance to win rare NFTs in a box full of surprises

For NFTs with a fixed price, click the [Buy] button on the product page and complete the transaction. Once the transaction is successful, we will transfer the NFT to your wallet and the seller will receive the funds. For NFTs on auction, click [Make an offer], place your bid price and confirm the offer. In the event of someone placing a higher bid than you, your funds will be unlocked. To join the auction again, you’ll have to place a new bid.

To list an NFT for sale, our team will, first of all, approve the content to make sure it’s appropriate for listing. This process usually takes 4-8 hours. Upon successful approval, your NFT will list immediately on the Marketplace as either an auction or fixed price sale, according to your preference. Alternatively, you can also choose to list your NFT at a fixed time (with a minimum of 12 hours after approval).

Right, sorry. “Non-fungible” more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing.

At a very high level, most NFTs are part of the Ethereum blockchain, though other blockchains have implemented their own version of NFTs. Ethereum is a cryptocurrency, like bitcoin or dogecoin, but its blockchain also keeps track of who’s holding and trading NFTs.

Almost everyone spells it out, saying “en eff tee.” The brave call them “nefts.” The enlightened have never had the word cross their lips.

NFTs can really be anything digital (such as drawings, music, your brain downloaded and turned into an AI), but a lot of the current excitement is around using the tech to sell digital art.

Same as physical art, four factors contribute to the value of an NFT art  — how expensive it becomes.

The first is the “market-driven value”, which depends on the speculated resale value and popularity of the artist. The second is the “subjective value”. It involves the moral statement or political message that is conveyed by the art — how it makes you feel.

NFTs is an acronym for Non-Fungible Tokens.

Non-Fungible in the sense that they are unique and cannot be interchanged like fungible assets such as Bitcoin. Let’s take for example if you exchange a Bitcoin to get another, nothing changes, you still get the same Bitcoin back — it’s the opposite in the case of NFTs.