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Introducing BNB Chain NFT Metadata Standards

2022-01-27

Main Takeaways

  • Binance NFT Marketplace worked with BNB Chain (former BSC) communities to set the NFT Metadata Standards for the BNB Chain ecosystem.

  • Adopting a common standard will help us integrate with BNB Chain NFT projects seamlessly.

  • Binance NFT and BNB Chain communities will continuously explore and support BNB Chain and other public blockchains to lay the foundation for the NFT industry and enable further multichain support.

In recent months, there have been a growing number of innovations in the world of NFTs, especially with blockchain development in the context of NFT marketplace transactions.

At Binance NFT, we’re always looking for new ways to expand mass adoption of NFTs in gaming, social, and the metaverse, in addition to focusing on improving the NFT experience for our users. We recognize that the NFT landscape and utility have evolved over time, and there is a need for more sophisticated metadata structures. And that’s where the BNB Chain NFT Metadata Standards come in. 

Binance NFT and BNB Chain communities have worked together to set the NFT Metadata Standards for the BNB Chain ecosystem. The metadata standards document can be found here

Moving forward, BNB Chain NFT projects are highly encouraged to adopt and align with this set of metadata standards. 

Seamless integration on Binance NFT by adopting unified standards

Until now, the lack of metadata standards meant that various NFT projects were created with inconsistent metadata structures, which resulted in difficulties for Binance NFT to spot and onboard robust NFT projects. To resolve this, we worked with BNB Chain communities to build the enhanced metadata standards, such that moving forward, we can seamlessly integrate with NFT projects who adopt them. This is also great for users because they will be able to enjoy a wider variety of digital assets on the Binance NFT marketplace.

Building the future of NFTs with more multichain support

As part of our commitment to building an expansive ecosystem, Binance NFT will continue to look for more leading blockchains beyond BNB Chain. On top of setting the standard for NFT marketplaces, our mission is to go beyond building a marketplace and become the ultimate platform for NFT collectors and creators to connect and create. 

We want to thank the NFT community for your continued support and feedback, that has led to continual improvement in the space. This ongoing work will lay the critical foundation as we gear up for an upcoming season of many more exciting and new NFT projects. 

As one of the top industry players in the NFT space, Binance NFT has strong beliefs in collective and constructive collaborations. Working with BNB Chain to help build the metadata standard is a start, and we have further plans in the pipeline to work with other blockchain partners. We will always be ready to share new and additional insights, to build up the future of NFTs.