• Thu. Feb 22nd, 2024

Binance Is Set to Launch Non-Fungible Token Marketplace with Salvador Dali And Andy Warhol

Phillip Seefeldt

ByPhillip Seefeldt

Jun 30, 2021

On Thursday at 10 a.m. local time in Singapore, Binance will launch its non-fungible token (NFT) marketplace with an auction showcasing paintings by Andy Warhol and Salvador Dali.

The auction, dubbed “Genesis,” aims to spark “a new wave of Renaissance with NFTs,” according to a press release from Binance. NFTs of Warhol’s “Three Self-Portraits” and Dali’s “Divine Comedy: rebeget” will be on display.

Binance to Launch NFT Marketplace with Andy Warhol and Salvador Dali on Thursday

In a press release, Binance stated, “NFT technology has altered the world of art for the better, bringing the concept of digital ownership to life for the very first time.” “The ‘Genesis’ auction exemplifies this concept, bringing two valuable pieces that depict historical ‘winds of change’ periods.”

On the auction, Binance is collaborating with TRON and APENFT, two cryptocurrency projects. Binance’s “100 Creators” initiative, which comprises artists chosen by the exchange to kick off its NFT products, includes the auction. The sole artwork available for the first week of the marketplace will be from these artists.

(Advertisement)Artificial Intelligence Crypto Trading
CypherMind-HQ.com Artificial Intelligence Crypto Trading System – Get Ahead of the Curve with this sophisticated AI system! Harness the power of advanced algorithms and level up your crypto trading game with CypherMindHQ. Learn more today!

The debut occurs amid a rush of activity in the popular NFT sector. Fox Corporation and its animation company, Bento Box Entertainment, announced a $100 million fund for NFTs earlier this month.

Joe Exotic, star of Netflix’s “Tiger King,” held his first NFT auction in cooperation with a cryptocurrency concierge firm from a federal prison in Fort Worth, Texas. MORE. NFT Genius, a digital production firm, announced a seed financing round of $4 million to develop an NFT marketplace on Dapper Labs’ Flow blockchain.

FTX, a competitor to Binance, opened an NFT market earlier this month. On Wednesday, FTX, the official sponsor of the Miami Heat, announced a collaboration with Major League Baseball. According to FTX, the exchange is now the MLB’s “official cryptocurrency exchange brand” and will be authorized to use MLB player highlights for content development.

As investors resort to collectibles as safe-haven investments as inflation fears grow, NFTs continue to attract attention. Even as NFTs grow in popularity, cryptocurrencies continue to fall in value. Bitcoin dropped below $30,000 on Tuesday, shedding more than half of its value since its high earlier this year.

Phillip Seefeldt

Phillip Seefeldt

Phillip Seefeldt is a skilled and perceptive news writer known for his comprehensive analysis and engaging writing style. With a commitment to accuracy and a deep understanding of current affairs, his articles provide readers with insightful perspectives and thought-provoking insights.

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss Out On CypherMindHQ

#1 Artificial Intelligence Crypto Trading System

Sign Up Now

Try Crypto Engine With a Trusted Broker