Although Ethereum remains the most popular network for creating NFTs and other manipulations with crypto assets, many of the competing platforms are catching up. And among such rivals is Binance Smart Chain. The largest cryptocurrency exchange has decided to surpass and overtake the main leader and created a network that operates at high speed with low transaction fees. In this regard, the demand for the creation of non-fungible tokens has also increased.
The developers have created many successful and profitable projects for collectors and digital artists. Thus, there are platforms on BSC that combine DeFi staking with receiving own tokens as a reward and the possibility of acquiring/collecting various NFTs. Another project that deserves attention combines three areas at once: gamification, financial utility, and collectible tokens.
Specialized decentralized applications and NFT marketplaces have found a really safe home in the face of BSC. Such projects are valued and flourish here, as they are offered excellent conditions, as well as a huge number of users who love and constantly use this network to purchase non-fungible tokens for various purposes.
The marketplace introduced into the network for all lovers of digital art and various virtual NFT characters perfectly copes with the tasks set. Here, the rarity and usefulness of tokens are taken into account, on which the cost of a particular position depends. Everyone will be able to find the right item at the best price.
The name of the project lies in its name. Gamification of tokens began a long time ago and Binance Smart Chain is developing this direction by creating a platform for the exchange or purchase of combat NFTs - BattlePets are very similar to Pokemon and also have various skills that help in battles.
One of the first exchanges offering to earn on the volatility of the rate of virtual tokens. A special collection of NFT rabbits is valued in a priceable token called CAKE. Owners of digital pets can increase their profits by selling at a better rate. This interaction has a great effect on the demand for DeFi platforms on the BinanceSmart Chain blockchain.
One of the main advantages of the presented network is full compatibility with the Ethereum virtual machine, which allows the owners of various projects to easily transfer their creations to Binance Smart Chain. Developers also receive minimal transaction fees and high scalability, which are also significant advantages of the platform.
Many collectors and investors with different amounts of capital note that working on the Binance Smart Chain is much more profitable and a hundred times easier than on the well-known ETH. Therefore, the number of BSC network users is growing rapidly.
The company itself also does not stop at the achieved results and is constantly working towards the development of non-fungible tokens. Innovative solutions are being introduced, which allows the presented ecosystem to rapidly develop and offer much more than just the ownership of a musical composition, a picture, and so on.
For everyone who does not want to overpay, but rather earn more and faster, the Binance NFT platform has been created. This event turned the usual world of non-fungible tokens upside down and made the market more diverse, which makes it possible to create and trade your digital masterpieces at competitive prices.
