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NFTs provide digital ownership of various collectibles such as artwork, music, and videos, and they operate on blockchain technology, which also powers cryptocurrencies like Bitcoin. The NFT market has surged in popularity, now valued at over $40 billion according to blockchain data firm, Chainalysis’ 2021 NFT Market Report. Binance, one of the largest cryptocurrency exchanges, entered the NFT market in 2021 with its NFT marketplace, which aims to offer a highly curated selection of NFTs.
Binance NFT offers a range of digital assets, including artwork, collectibles, and gaming items, and stands out for its low trading fees, which are only 1%. The platform is user-friendly, utilising similar technology and layouts as Binance’s exchange, and benefits from operating on its own blockchain, giving it a competitive edge.
Individual items and mystery boxes containing various curated collections are available for purchase. Additionally, there are “standard” and “premium” collections. Standard collections feature items minted by typical users, while premium collections are exclusive drops from popular influencers.
The Binance NFT marketplace has hosted NFT drops for high-profile celebrities and institutions such as Russell Simmons, Paulo Del Valle, the Uganda National Museum, Franck Muller, and Parimatch since its launch. The highest recorded sale on the platform for newcomers was $2.8 million.
The Sandbox NFT Staking Program was recently launched by Binance NFT, which permits users to stake SAND tokens and obtain exclusive NFT rewards. This staking program seeks to incentivize user participation in the NFT ecosystem, as well as promoting the expansion of The Sandbox platform, a popular decentralised virtual gaming ecosystem built on the Ethereum blockchain. This new program will be available to all users until July 5th, 2023, and additional updates will be announced on Telegram, Twitter, Discord, and Instagram for Binance NFT. The staking program for The Sandbox NFT is currently exclusive to Binance, and it only supports LAND NFTs held on the Polygon network.
To participate in The Sandbox NFT Staking Program, users must have a Flexible Term subscription. Unlike other staking programs, users are not required to hold SAND tokens to stake their LAND NFTs. Users can earn daily SAND rewards, which depend on the current APR, and incur no gas fees from Binance NFT for staking and unstaking LAND NFTs. The Sandbox NFT Staking Program demonstrates the expanding interest in virtual gaming and NFT adoption. Innovative initiatives like this program are expected to play a crucial role in the evolution of the blockchain gaming industry, creating new opportunities for users and developers as the NFT market continues to grow.
DogeMiyagi (MIYAGI) is a community-driven project built on the Ethereum Blockchain, with plans to become a fully-fledged Decentralised Autonomous Organization (DAO) after the token launch. With a total supply of 96,192,515,112,011.00 and a circulating supply of 9,518,812,011.00, the MIYAGI token operates as an ERC-20 token on the Ethereum blockchain, facilitating the formation of an ever-evolving community. MIYAGI token offers a range of features such as peer-to-peer cryptocurrency transactions, cross-border payments, the ability to purchase DogeMiyagi NFTs, network governance, and other functionalities. Its meme potential sets it apart from other cryptocurrencies, making it a valuable asset.
DogeMiyagi provides users with two main services, namely the Killer Swap Machine and DogeMiyagi NFTs. The Killer Swap Machine, powered by Uniswap, is a user-friendly decentralised exchange that facilitates easy trading of MIYAGI with various ERC-20 tokens and Ethereum. Users can connect their decentralised wallets, such as MetaMask, and start trading seamlessly.
DogeMiyagi is also developing a special NFT club to provide an immersive experience and exclusive benefits to members. The club will be a space where members can explore the vibrant DogeMiyagi ecosystem, indulge in martial arts, relive nostalgic childhood memories, and enjoy enticing freebies in a lively atmosphere. Buying a DogeMiyagi NFT provides exclusive access to a designated domain where members can enjoy an array of benefits that will continuously grow and transform over time.
DogeMiyagi distinguishes itself from other cryptocurrencies by priding itself on being entirely community-driven, with no central authority. Moreover, community members can earn free MIYAGI tokens by participating in a referral program. This program offers a 10% commission on investments made by referred members, thus encouraging community growth and increasing the value of the MIYAGI token. The referral program is an intelligent way for community members to earn money while simultaneously contributing to the growth of the community.
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Disclaimer: This content is not a part of NFTgators’ editorial content and is not an investment advice. Do your due diligence before making any decision.