{"id":187793,"date":"2021-04-22T10:38:53","date_gmt":"2021-04-22T09:38:53","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=187793"},"modified":"2021-04-22T10:43:35","modified_gmt":"2021-04-22T09:43:35","slug":"bsc-mania-binance-mr-beast-invest-in-nft-refinable","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bsc-mania-binance-mr-beast-invest-in-nft-refinable\/","title":{"rendered":"BSC mania: Binance & Mr. Beast invest in NFT marketplace Refinable"},"content":{"rendered":"

Refinable<\/a> is the first NFT marketplace on Binance Smart Chain (BSC), which has recently started to close the gap on Ethereum in terms of market valuation.<\/p>\n

The demand for Binance Smart Chain is evident in the daily transaction volume of the network and the valuation of projects on top of BSC.<\/p>\n

The investment from Binance and Mr. Beast indicates two things: the interest in NFT marketplaces is surging and the hype around BSC<\/a> projects is strengthening.<\/p>\n

Direct investment from Binance and Mr. Beast<\/h2>\n

According to a blog post on Binance.com, Refinable is the first major NFT marketplace to launch on Binance Smart Chain.<\/p>\n

The platform will allow creators and users to create, discover, trader, and leverage NFTs.<\/p>\n

“Refinable is the first major NFT marketplace on Binance Smart Chain. Backed by Binance and Mr. Beast, Refinable empowers both individual creators and whole communities to easily and affordably create, discover, trade, and leverage NFTs,” the blog post read.<\/p><\/blockquote>\n

In the NFT market, there are three NFT marketplaces that are currently utilized by a broad base of users: Opensea, Rarible, and SuperRare.<\/p>\n

However, the three platforms are mostly utilized by NFTs on Ethereum, which raises the necessity for NFT marketplaces on other major blockchains.<\/p>\n

NFTs, by nature, are not blockchain agnostic. This means that an NFT that is tradable on Ethereum cannot be moved to the Solana blockchain, and vice versa.<\/p>\n

Hence, blockchain-specific NFT marketplaces would eventually emerge, and Refinable is the first high-profile marketplace to launch on Binance Smart Chain.<\/p>\n

There has been a high level of interest around Refinable as of late, due to the combination of the surging demand for NFTs and the increasing user activity on the Binance Smart Chain<\/a>.<\/p>\n

Based on the data from BscScan, the daily transaction volume has increased by nearly eight-fold since early February, within less than three months.<\/p>\n

\"binance
Binance Smart Chain daily transaction volume. Source: BscScan<\/figcaption><\/figure>\n

The first-ever Polkastarter BSC token launch<\/h2>\n

Polkastarter co-founder and CEO Daniel Stockhaus has emphasized that Refinable would be the first BSC-exclusive token launch, or IDO, on Polkastarter.<\/p>\n

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What a $FINE<\/a> day it is, don\u2019t you think so??<\/p>\n

We\u2019re extremely excited to have @binance<\/a> mention us on their blog!<\/p>\n

First #BSC<\/a> Exclusive #IDO<\/a> on @Polkastarter<\/a> , invested by @MrBeast<\/a> \u2026 and way more to come?<\/p>\n

You definitely don\u2019t want to miss out.\u2070?https:\/\/t.co\/XTcVxaLAxn<\/a><\/p>\n

— Refinable (@refinableapp) April 18, 2021<\/a><\/p><\/blockquote>\n