{"id":4558,"date":"2022-03-15T17:18:57","date_gmt":"2022-03-15T10:18:57","guid":{"rendered":"https:\/\/test.wikibinance.com\/?p=391"},"modified":"2022-12-17T16:32:30","modified_gmt":"2022-12-17T09:32:30","slug":"binance-nft","status":"publish","type":"post","link":"https:\/\/wikibinance.com\/en\/basic-binance\/binance-nft.html","title":{"rendered":"What is NFT? How to create, buy and sell Binance NFT"},"content":{"rendered":"<p>Hello, welcome to <a href=\"https:\/\/wikibinance.com\/\"><b>WikiBinance.com<\/b><span style=\"color: #000000;\">.<\/span><\/a> This WikiBinance article will help you understand the most basic concepts: <b>What is NFT? How to create, buy and sell Binance NFT.<\/b><\/p>\n<p>With the belief that Cryptocurrencies will become an inevitable part of global finance, WikiBinance was born with the mission of providing transparent, understandable information about the crypto market in general and about Binance in particular. It could be a bit challenging if you\u2019re new to the world of crypto. Don&#8217;t worry, WikiBinance is always willing to help you on your investment journey.<\/p>\n<h2>What is NFT?<\/h2>\n<p><b><\/b><span style=\"font-weight: 400;\">Non-fungible token &#8211; NFT is a unit of tokenized data on blockchain-powered digital <\/span>platform. To put it\u00a0<span class=\"EXAMPLE\">simply<\/span>, each is a unique asset that represents digital or real-world objects like art, music, in-game items and videos.<\/p>\n<p>NFTs differ from blockchain cryptocurrencies, such as BTC, ETH. While one Bitcoin you own is always equal to another Bitcoin, each NFT has unique identifying code that makes it impossible to be interchangeable with each other.<\/p>\n<p><span style=\"font-weight: 400;\">NFTs are typically held on the Ethereum blockchain, although other blockchains such as BSC and Solana support them as well.<\/span><span style=\"font-weight: 400;\">\u00a0Binance is marketplace to preserve, store, and sell NFTs. <\/span><span style=\"font-weight: 400;\">NFTs are perfect combination of art collection and digital technology (Blockchain).<\/span> <img decoding=\"async\" loading=\"lazy\" width=\"602\" height=\"213\" class=\"wp-image-360 size-full aligncenter\" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-1.png\" alt=\"What is the highest 7-day sales?\" srcset=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-1.png 602w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-1-300x106.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/p>\n<h2>Characteristics of Binance NFT<\/h2>\n<p><span style=\"font-weight: 400;\">Be a part of blockchain technology, <strong>Binance NFT<\/strong> has characteristics such as:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Eternal &#8211; The network is run by miners forever <\/span><\/li>\n<li><span style=\"font-weight: 400;\">Unique &#8211; Each NFT has a digital signature so it cannot be copied or forged. Only the owner can get the original item.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Clear ownership, transparent transactions &#8211; Built-in authentication serves as proof of exclusive ownership rights.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Security &#8211; NFTs are stored on blockchain platform so hacker can not attack easily.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">More flexibility than physical assets because of decentralization.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">It is easy and safe to sell on the system.<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_359\" aria-describedby=\"caption-attachment-359\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-359 size-full\" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-2.png\" alt=\"Binance NFT\" width=\"600\" height=\"427\" srcset=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-2.png 600w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-2-300x214.png 300w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-2-120x86.png 120w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-2-350x250.png 350w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><figcaption id=\"caption-attachment-359\" class=\"wp-caption-text\">NFTs are uniquely identifiable which cause scarcity to the digital world<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">NFTs are uniquely identifiable which cause scarcity to the digital world. Owner will have intellectual property rights, increase data integrity and privacy when ownership and identification data is stored on the blockchain.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Beside that, NFTs <\/span><span style=\"font-weight: 400;\">attract the attention of investment community and the ultra-rich who is interest in digital art. <\/span><span style=\"font-weight: 400;\">A large number of NFT communities have emerged such as CryptoPunks, ArtBlock, Veefriends and so on,&#8230; <\/span><span style=\"font-weight: 400;\">Marvel, Barcedona,&#8230;. have launched own NFT.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Specifically, NFTs saw exponential growth with tens of thousands of investors flocking to collect digital arts. <\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">The most expensive NFT painting was <\/span><span style=\"font-weight: 400;\">Everydays: The First 5000 Days by Beeple was sold for $69.3 million.<\/span><\/li>\n<li>The world&#8217;s richest NFT artist has a total value of $171,959,984.15.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Therefore, it\u2019s no doubt that NFTs are growing in popularity and generating record-breaking sales.<\/span><span style=\"font-weight: 400;\"> The demand for NFTs increases continuously and one of the prestigious intermediary trading platform is <strong>Binance NFT<\/strong>.<\/span><\/p>\n<h2 class=\"css-1av4kwk\" data-bn-type=\"text\">Binance NFT Marketplace<\/h2>\n<p><span style=\"font-weight: 400;\">Launched in June 2021,<a href=\"https:\/\/wikibinance.com\/en\/knowledge\/binance-nft-marketplace.html\"> Binance NFT is a marketplace<\/a> that features all forms of digital artworks and collectibles. The platform is powered by <a href=\"http:\/\/ecoinomic.io\/en\/knowledge\/guide\/binance-sign-up-simple-guide.html\" target=\"_blank\" rel=\"noopener\">Binance<\/a> Blockchain infrastructure and ecosystem.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a centralized exchange, Binance NFT has a lot of advantages, including:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Fast processing and execution speed<\/span><\/li>\n<li><span style=\"font-weight: 400;\">High liquidity<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Secured by a third party (parent Binance &#8211; one of the most famous and reputable cryptocurrency exchanges in the world)<\/span><\/li>\n<li><span style=\"font-weight: 400;\">User-friendly interface and good experience with many features which are continuously improved<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Diverse NFTs of artists and innovators around the world.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">There are 3 main types of Binance NFT:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">NFTs of all innovators in the world are listed, traded, sold by minting, selling or even auctioning.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Premium and exclusive NFTs are\u00a0created by leading global artists and the most influential names and brands. They consist of artwork, design, photography, etc.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Mystery Box: A Mystery Box provides the chance to receive a random NFT from a collection. It gives users the opportunity to own NFT with different rarity levels: normal (N), rare (R), super rare (SR), and super super rare (SSR). These NFTs are items or characters in game, which will offer distinct perks or features depending on their rarity.\u00a0<\/span><\/li>\n<\/ul>\n<h2 class=\"css-gfs0hc\"><span class=\"css-6hm6tl\">How to get started with the Binance NFT?<\/span><\/h2>\n<p><strong>Step 1:<\/strong> <a href=\"https:\/\/wikibinance.com\/en\/basic-binance\/binance-sign-up.html\">Register an account on Binance <\/a><\/p>\n<p><strong>Step 2: <\/strong>Complete <span style=\"font-weight: 400;\"><a href=\"https:\/\/wikibinance.com\/en\/knowledge\/kyc-identity-verification.html\">KYC<\/a><\/span> identity verification<\/p>\n<p><strong>Step 3: <\/strong>Connect to e-wallets (<a href=\"https:\/\/wikibinance.com\/en\/knowledge\/metamask.html\">Metamask<\/a>,&#8230;) to top up cryptocurrencies (now the exchange only supports BNB, BUSD, ETH). Otherwise, you can buy cryptocurrencies and start trading.<\/p>\n<h2>How to create, buy and sell Binance NFT<\/h2>\n<h3>1. Buy Binance NFT<\/h3>\n<p><em><strong>Step 1:<\/strong><\/em> Go to the link https:\/\/www.binance.com\/vi\/nft\/home<\/p>\n<p><em><strong>Step 2:<\/strong><\/em> Find and select the right NFT. You can search for NFTs according to different categories\/collections, sale types, NFT types and more.<\/p>\n<p><em><strong>Step 3: <\/strong><\/em>Buy the NFT you\u2019ve chosen. There are 3 sale formats depending on each product on Binance:<\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Auction: You\u00a0can place bids on how much they are willing to pay for the NFT as long as they are above the minimum price. Then the highest bidder will own the NFT.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Fixed price: The price is listed on the exchange and you will confirm amount to pay for.<\/span><\/li>\n<li>Mystery Box: A mystery box contains a special random NFT. You are willing to pay a fixed price without knowing the content until they open the box.<\/li>\n<\/ul>\n<h3>2. Create and sell Binance NFT<\/h3>\n<p><strong><em>Step 1:<\/em><\/strong> Go to<strong>\u00a0Featured By Binance<\/strong> homepage, click &#8220;<strong>Create<\/strong>&#8221;<\/p>\n<p><strong><em>Step 2:<\/em><\/strong> Upload the digital product you want to convert to NFT (photos, music, videos&#8230;) <img decoding=\"async\" loading=\"lazy\" width=\"602\" height=\"281\" class=\"wp-image-358 size-full aligncenter\" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-3.png\" alt=\"Upload the digital product you want to convert into\" srcset=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-3.png 602w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-3-300x140.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/> <strong><em>Step 3:<\/em><\/strong> Enter the details for your collection, and choose your privacy settings<\/p>\n<figure id=\"attachment_355\" aria-describedby=\"caption-attachment-355\" style=\"width: 538px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-355\" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-6.png\" alt=\"Binance NFT\" width=\"538\" height=\"351\" srcset=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-6.png 602w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-6-300x196.png 300w\" sizes=\"(max-width: 538px) 100vw, 538px\" \/><figcaption id=\"caption-attachment-355\" class=\"wp-caption-text\">Click Collections, then NFT Assets, choose NFT you want to sell, click List NFT<\/figcaption><\/figure>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-357 aligncenter\" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-4.png\" alt=\"Write a description for what NFT you're creating\" width=\"358\" height=\"501\" srcset=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-4.png 602w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-4-214x300.png 214w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-4-360x504.png 360w\" sizes=\"(max-width: 358px) 100vw, 358px\" \/> Once the minting process is complete, you will see a &#8220;<strong>Minting Completed<\/strong>&#8221; pop-up with the contract address and Token ID of your NFT. <span style=\"font-weight: 400;\">Click <strong>List NFT <\/strong>to list it for sale.<\/span><img decoding=\"async\" loading=\"lazy\" width=\"602\" height=\"371\" class=\"wp-image-356 size-full aligncenter\" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-5.png\" alt=\"Write a description for the NFT you're creating\" data-wp-editing=\"1\" srcset=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-5.png 602w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-5-300x185.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/> <em><strong>Step 4:<\/strong><\/em> <em>List an NFT\/Mystery Box in your collection: <\/em><span style=\"font-weight: 400;\">Click <strong>Collections<\/strong>, then <strong>NFT Assets<\/strong>. Choose NFT you want to sell, click <strong>List NFT<\/strong>.<\/span><\/p>\n<p><em><span class=\"css-6hm6tl\"><strong>Step 5: <\/strong>Set up your NFT listing: <\/span><\/em><span style=\"font-weight: 400;\">Select your sell method: a fixed price or auction<\/span><\/p>\n<figure id=\"attachment_354\" aria-describedby=\"caption-attachment-354\" style=\"width: 602px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-354 size-full\" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-7.png\" alt=\"Binance NFT\" width=\"602\" height=\"116\" srcset=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-7.png 602w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-7-300x58.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><figcaption id=\"caption-attachment-354\" class=\"wp-caption-text\">Select your sell method: a fixed price or auction<\/figcaption><\/figure>\n<ul>\n<li><span style=\"font-weight: 400;\">Auction: You need to set the minimum bid to start the auction, and the cryptocurrency unit to pay for.<\/span><\/li>\n<\/ul>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-363 aligncenter\" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-8.png\" alt=\"The form of auction requires a minimum starting price to start the auction,\" width=\"411\" height=\"304\" srcset=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-8.png 602w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-8-300x222.png 300w\" sizes=\"(max-width: 411px) 100vw, 411px\" \/><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Fixed price: You set total price and cryptocurrency unit. Then, the buyer will pay immediately.<\/span><\/li>\n<\/ul>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-362 aligncenter\" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-9.png\" alt=\"In case of setting a fixed price of the gia level\" width=\"378\" height=\"364\" srcset=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-9.png 602w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-9-300x289.png 300w\" sizes=\"(max-width: 378px) 100vw, 378px\" \/> <em><strong>Step 6:<\/strong><\/em> Select a specific time and date to end a listing. Write appropriate descriptions and categorize to reach potential customers. <img decoding=\"async\" loading=\"lazy\" class=\"wp-image-361 aligncenter\" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-10.png\" alt=\"Determine the end date of listing, write appropriate descriptions, and categorize to be able to reach potential customers\" width=\"351\" height=\"485\" srcset=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-10.png 602w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/03\/Picture-10-217x300.png 217w\" sizes=\"(max-width: 351px) 100vw, 351px\" \/> <em>We&#8217;ll be with you. Leave a comment below, as long as you have questions, we are always ready to respond. WikiBinance will support you on the great road ahead!<\/em><\/p>\n\n\n<div class=\"kk-star-ratings kksr-auto kksr-align-center kksr-valign-bottom\"\n    data-payload=\"{&quot;align&quot;:&quot;center&quot;,&quot;id&quot;:&quot;4558&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;bottom&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;0&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;0&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;5&quot;,&quot;greet&quot;:&quot;Rate this post&quot;,&quot;legend&quot;:&quot;0\\\/5 - (0 votes)&quot;,&quot;size&quot;:&quot;24&quot;,&quot;width&quot;:&quot;0&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}\">\n    \n<div class=\"kksr-stars\">\n    \n<div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n    \n<div class=\"kksr-stars-active\" style=\"width: 0px;\">\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n    \n\n<div class=\"kksr-legend\" style=\"font-size: 19.2px;\">\n            <span class=\"kksr-muted\">Rate this post<\/span>\n    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hello, welcome to WikiBinance.com. This WikiBinance article will help you understand the most basic concepts: What is NFT? How to create, buy and sell Binance NFT. With the belief that Cryptocurrencies will become an inevitable part of global finance, WikiBinance was born with the mission of providing transparent, understandable information about the crypto market in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[390],"tags":[1457,1467],"_links":{"self":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/4558"}],"collection":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/comments?post=4558"}],"version-history":[{"count":13,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/4558\/revisions"}],"predecessor-version":[{"id":89451,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/4558\/revisions\/89451"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/media\/7502"}],"wp:attachment":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/media?parent=4558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/categories?post=4558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/tags?post=4558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}