BNB set an all-time high of $ 637, just days after Binance announced its NFT market.

BNB, the native coin of the Binance crypto exchange and the third largest cryptocurrency by market cap, reached its all-time high of $ 636.95 today at 15:00 UTC. The price of the coin has since dropped 0.52% to $ 616 in the past 24 hours. BNB is currently in a very healthy place; The last time he hit that value was on April 13th, when he hit his old $ 635 ATH. What's behind the meeting? The news on Tuesday that Binance will open its own NFT market could be one of the driving forces behind the price increase this morning. NFTs are blockchain-based digital assets that typically reflect specific artistic or video game content or animation. The thing is, they allow them to be bought and sold as real artworks and collectibles, arguably proving the scarcity of digital assets. Last year, the NFT market exploded and many of them reached millions of dollars. Externally, the technical details seem impenetrable, but all you need to create a NFT is an original piece of art and a platform to sell it. See the Decryption guide for more details. Binance's next NFT auction house may keep the market alive. Binance is one of the largest exchanges in the world and has the ability to bring money to the market. It will be released in June. It will work at two levels. It begins with high-quality service for high-end auctions and exhibitions, hoping to attract the same quality digital art that allows Beeple to sell his work now at a historic auction. $ 69.3 million through Christie's earned by the millions raised by others. . NFT markets such as Nifty Gateway. Binance announced that its platform will take 10% of these top-tier sales. The other level is when public platforms hit their NFTs. Binance charges 1% as a "transaction fee", but the exchange promises artists will consistently receive 1% royalty on any resale of their work. All this has to do with BNB's latest ATH is NF.

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