An Overview of the Newest Binance NFT Features in May and June

2022-07-01

Main Takeaways

  • In May and June, Binance NFT has added several exciting features.

  • From profile customization to creating your own NFTs, here are some functionalities that we think you’ll love.

  • Explore the updates below on how to make the most of the latest additions to Binance NFT.

We’re constantly looking for new ways to improve and upgrade our platform to meet your needs. Read on to learn more about Binance NFT’s latest features and updates.

Home to an unmatched variety of digital artwork from all over the world, Binance NFT marketplace lets users mint, purchase, and bid on NFTs on a single platform. With the latest updates to our platform, you can create your own NFT collections, personalize your profile page, and buy NFTs more easily!

Create Your Own NFT

We are proud to announce that all verified Binance users can now unleash their creativity and become NFT artists on Binance NFT. Previously, only approved creators could mint NFTs on the platform. With the new minting guidelines in force, anyone can participate in the Web3 movement and create original non-fungible tokens on the Binance NFT Marketplace. All they need to do is complete identity verification and have at least two people follow their Binance NFT profile page. 

For more information, please check out the How to Create Your NFT on Binance NFT Marketplace guide.

Revamped Profile Page

We’ve revamped Binance NFT user page with a fresh interface that allows easy access to our latest features, including the minting update. Registered users now have a profile header that features their social media links (Facebook, Instagram, Twitter, Telegram, and Discord accounts), follower count, and the number of people they are following. Users can also change their nicknames and avatars for extra customization. With the new interface, users can also seamlessly share their Binance NFT page.

When visiting profile pages, you will see two different menus depending on whether you are the page owner or visitor.

The page owner menu will display:

Created: View the NFT collections you have created.

Collected: View the NFTs you bought from other creators.

Favorites: View the NFTs you have favorited. You can also unfavorite NFTs in this section. 

Offers: View the offers you’ve made or received.

Crypto: View your crypto balances, as well as your withdrawal and deposit history.

History: View your NFT purchase, sales, and bidding history.

Settings: View your profile and account settings.

As a visitor, the menu will display: 

Created: View the NFT collections the user has created.

Collected: View the NFTs they bought from other creators. 

Favorites: View NFTs they have favorited. 

New filters on Marketplace

We’ve also added new filters to enhance the browsing experience on the Binance NFT Marketplace. Users can now leverage the following categories to explore and trade NFTs with less friction: Status, Rarity, Sale type, Network, Currency, Collection Type, Category, and File Type.

Collection type: Premier and Standard

There are two types of NFT collections on Binance NFT: Premier and Standard. NFT collections may be eligible for listing under the Premier label depending on various factors, including sale volume, trading volume, the number of followers on Binance NFT and other social media platforms. Collections that do not meet the Premier criteria are listed as Standard. 

More Ways to Browse 

We’ve improved the ways in which you can search for NFTs of your interest. In addition to browsing on the Binance NFT Marketplace, you can also search for specific creator profiles to view their NFTs – and the NFTs they love – under their Created, Collected, and Favorites categories. Be sure to visit your favorite artists’ profile pages to browse their latest works and potentially find new works to fall in love with!

All NFTs on the Marketplace are up for sale. If an NFT or Mystery Box is listed, you can buy it directly using the [Buy Now] button. This option allows you to buy the NFT instantly at a fixed price or to bid on it in an NFT auction. If the NFT or Mystery Box is not listed, you can make an offer to the seller. 

Binance Pay Integration

We’ve integrated Binance Pay into the Binance NFT platform for a fuss-free and flexible payment experience. Users can now buy NFTs using the Binance’s payment system via their Binance app. Users can also pay for NFTs with the funds stored in their Binance Funding or Spot wallets. Please note that this is only available for fixed-price NFTs and Mystery Boxes on the Binance NFT secondary market.

For users who wish to utilize this new integrated service but don’t have BNB, BUSD, or ETH handy, Binance Pay allows for a seamless conversion of the crypto they are currently holding to the currencies accepted on the payment page. The maximum value of crypto you can convert is $20,000.

For more information, please check out the How to Buy an NFT on Binance NFT Marketplace guide.

Bulk NFT Deposits

We have added additional features to optimize NFT deposit. Users can now deposit NFTs in bulk onto our platform.

How to deposit NFTs in bulk

  1. Mass select NFT contract addresses. Only whitelisted contract addresses that are supported on Binance NFT will be shown. You can view the full list of whitelisted contract addresses in your wallet under the [All] tab. Alternatively, you can view the top 10 most recently used contract addresses by clicking on [Used]. Users can check on the left side to select the NFT contract address. 

  2. Select the token IDs of the NFTs you want to send. After verifying the contract addresses, you will be able to see your NFTs. Be sure to select correct token IDs. Alternatively, if there are too many token IDs to go through, enter the token ID in the search box to do a quick manual search.

  3. Select the token ID of the NFT you would like to deposit to the Binance NFT Marketplace and click [Deposit].

  4. After logging into your Binance account, you will be able to see all deposited NFTs in your User Center.

For more information, please check out the How to Deposit NFT on Binance guide.

Withdrawal Optimization

On top of withdrawing NFTs, you can now withdraw opened Mystery Boxes on Binance. Note that you have to first complete identity verification.

You can view all your NFTs by clicking Collection View or Asset View in your User Center.

Under Collection View, you can withdraw several NFTs or opened Mystery Boxes from a collection in one go. Note that you can select a maximum of 30 assets per withdrawal.

Under Asset View, you can withdraw a specific NFT or opened Mystery Box. Please note that  NFT assets and opened Mystery Boxes can only be withdrawn in one go via Asset View.

For more information, please check out the How to Withdraw NFT from Binance guide.

Conclusion

With the latest additions to the Binance NFT Marketplace, we aim to make your NFT minting and trading experience a lot easier. You can have fun customizing your profile page, making your own NFT collections, and discovering new artwork all in one place. NFT trading can be pleasant, simple, and secure with Binance.  

Risk Warning: The value of your NFT can go down or up. NFTs are subject to high market risk. Binance is not responsible for verifying the identity, legitimacy or authenticity of any NFT. NFTs are not regulated in most countries, however please ensure you are permitted to access our Binance NFT Marketplace based on your circumstances. For further details, see the Binance NFT Terms and Conditions, our Terms of Use and Risk Warning.

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