The Art and GameFi Categories of the BSC NFT Marketplace

By | May 13, 2022
BSC NFT marketplace

While a diversified set of art players dominates the fourth dominant category on the BSC NFT marketplace, the overall landscape is still very young. While the main players in these categories are largely stable, they will likely be diluted by newcomers in the near future, as the use cases for NFT technology evolve. For the time being, the most logical categories for the BSC are Art and GameFi. Let’s explore these categories in more detail.

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Binance Smart Chain

If you’re looking to launch an NFT marketplace on Binance Smart Chain, you’re in luck. NFT stands for non-fungible token, and you can create an NFT marketplace on the exchange. It’s free to create an account, and anyone can list and purchase items. The NFT market is operated on Binance Smart Chain, which reduces transaction costs for all users. Here are the benefits of using the Binance Smart Chain as a platform for your NFT marketplace. Choosing Binance as Smart Chain is smart as Binance is known as world leading crypto currency exchange place though May 2022 Luna coins have pined down the market it remains the world leader.

The first of these services is the Binance Smart Chain. The company launched an NFT marketplace on their platform in April. One of its features is a mystery box that lets you buy a card of your choice. This feature works like a virtual “loot box.” In a virtual world, the mystery box contains a unique NFT. These coins retain their value depending on the market and scarcity.

OpenBiSea

The Binance Smart Chain platform is a blockchain based technology that allows for the deployment of a BSC NFT marketplace. OpenBiSea BSC uses a smart contract based on Binance Smart Chain. The software allows for multi-platform compatibility, security and a guideline for users. In addition to this, the BSC platform provides many post-deployment services such as API integration, cross-bridge with Ethereum blockchain network, digital marketing, smart contract auditing and technical assistance.

The platform allows for NFT transactions between buyers and sellers without any intermediaries. You can list NFT contracts on the OpenBiSea marketplace for ZERO FESS. The platform automatically lists your NFT contracts for sale. If you are unsure of the price, you can easily check the market by clicking the Buy button on the NFT marketplace’s homepage. Moreover, the NFTs can be traded on the marketplace without any backend involvement, which makes it very user-friendly.

BattlePet

The Pet Egg is a type of currency in the BattlePet game. Each egg has a reference price that is equivalent to its battle power. Players can buy and sell this token using the BattlePet NFT marketplace. Players can purchase and sell various Pet Eggs with the help of the BAKE BEP-20 token. Players can also engage in weapon NFT trading and farming. This is one of the many ways in which the BattlePet ecosystem is improving the gaming experience.

The game combines blockchain technology, decentralized finance, and non-fungible tokens. Its platform is built on the Binance Smart Chain. Players purchase and breed virtual pets and then trade them for coins or NFTs. The coins are also used in the game’s currency. Once players have acquired a large enough amount of coins, they can trade their pets for other currencies. The game is set to launch its NFT marketplace in October 2020.

Alpaca

The BSC NFT marketplace Alpaca enables users to buy, sell, and borrow assets in a variety of currencies. With a variety of strategies and leverage levels, it is a great place to start for beginners as well as seasoned investors. In addition, Alpaca’s Lend pool is also worth looking into, as this type of lending gives users leveraged positions with higher risks. While these risks are high, bounty hunters can liquidate their positions to receive a portion of their reward.

Alpaca’s Lend pool is the largest on the BSC, with BNB, BTC, and USD being the most popular currencies. Lend pools also feature the highest total supply on BSC. Fee income and liquidity mining rewards are also common sources of revenue for leveraged farmers. Depending on the currency, these revenue sources can add up to thousands of percent of total lending volume. However, in the long run, Alpaca will need to find a way to attract more lenders and lower the costs of lending.