Binance officially announced today the launch of the Metaverse Market in the Binance Web3 Wallet, offering functions such as trading or minting BRC-20 tokens, EVM tokens, and other metaverse tokens.
Summary:
Binance introduces the Web3 Wallet, guiding millions of users into the new era of Web3.
Background:
Binance 2023 year-end report: 30% growth in new users, launch of new SocialFi and Web3 products, and enhanced compliance capabilities.
This article is a press release written and provided by Binance. It does not represent the position of the platform and is not investment advice, nor a recommendation to buy or sell. Please see the end of the article for the disclaimer.
Binance, a global blockchain ecosystem with over 172 million users, announced today the highly anticipated launch of the Binance Metaverse Market. Integrated within the Binance App’s self-custody wallet, the Binance Web3 Wallet, the Metaverse Market provides users with a convenient and user-friendly platform to trade and mint a range of metaverse tokens.
Metaverse tokens refer to homogenous tokens that can create digital collectibles on the blockchain. They can be used to store various types of data such as text, images, etc., to create non-fungible tokens (NFTs) and generate decentralized applications (dApps). For example, the recently popular BRC-20 tokens are metaverse tokens minted through the Ordinals protocol on the Bitcoin blockchain.
According to a report by Binance Research, the minting volume of metaverse tokens has rapidly increased since the conceptualization of BRC-20 in March 2023.
The Binance Metaverse Market offers users a variety of rich features to explore metaverse tokens, including:
– Abundant choices: Trade or mint BRC-20 tokens, EVM tokens, and other metaverse tokens.
– Convenient transfer: Metaverse tokens can be easily transferred between the Binance trading platform and the Web3 Wallet with a single click.
– Fast transactions: BTC transaction accelerator enables faster transaction experiences.
Rohit Wad, CTO of Binance, shared, “Through the Binance Metaverse Market, we aim to provide users with a one-stop portal to explore and experience the benefits of metaverse tokens, thus supporting industry development. We hope that the simplified process will make the entire user experience easier and more enjoyable.”
To help users easily enter the world of metaverse tokens, the Binance Metaverse Market has adopted the APIs of Ordinals and the leading market in the metaverse domain, UniSat. This strategic move brings deep liquidity from UniSat and a selection of over 60,000 BRC-20 tokens to users, while maintaining the simplicity, convenience, and security of the Binance Web3 Wallet.
Lorenzo, the head of UniSat, shared, “The Binance Metaverse Market is the latest innovative product launched by Binance to continuously promote Web3 accessibility and enhance user convenience. Last month, the Binance Web3 Wallet introduced a series of new features, including launching new chains, enhancing interactive choices, and integrating 19 more feature-rich dApps.”
Disclaimer: The Binance Web3 Wallet is an optional product. You are responsible for determining if the product is suitable for you. Binance is not responsible for your access or use of third-party applications (including functionalities embedded within the Binance Web3 Wallet) and shall not be liable for any damages arising from your use of such third-party applications, including but not limited to any transaction disputes. Please carefully read the Binance Web3 Wallet Terms of Use and always conduct your own research.
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