Expound the Stellar NFT marketplace on Binance Smart Chain
Expound the Stellar NFT marketplace on Binance Smart Chain
Binance Smart Chain (BSC) is a network that utilizes the benefits of Smart contracts for the NFT marketplace to be compatible with other Ethereum networks. The token standard of BSC is BEP-721, and BEP-20, which will represent every digital asset on the platform.

Non-Fungible Tokens (NFTs) have been creating a frenzy in the digital space for quite some time now. Among other blockchains in the industry, the advantageous Binance Smart Chain has been offering traders the to launch a feature-rich NFT marketplace on Binance Smart Chain. The zealous approach of the blockchain helps the users buy, sell, and bid on the digital collectibles that allow them to swap the NFTs for BNB coins and BEP tokens. 

Attributes of the Marketplace on Binance Smart Chain 

  • Storefront

They are the first destination when you land on a website, where you can get information about the bids, previews, the owners, the pricing lists of the NFTs, the trade history of the assets, and many more for greater usability. 

  • Smart filter options 

The functions of the traders are simplified with advanced search filter options, where every piece of information is categorized. Like product prices, recent NFTs, New-listings, best-sellers, most favorite, etc. 

  • Advanced search function 

A search bar on a website is like an open treasury. The users can just search the categories of their most-wanted NFTs, and the advanced search filters out your options with top NFTs. 

  • Listings of the NFTs

The product listing in the NFT marketplace on Binance Smart Chain gives the users easy access to the assets’ titles, descriptions, and other product-related tags. 

  • Auctioning the NFTs

The virtual assets collectors have the ability to list their NFTs and bid them for an auction price they wish to sell them. 

  • Crypto Wallet

The crypto Wallet integration in the marketplace enables users to safely send, receive and store their cryptocurrencies within the wallet. And they can also gain reward points by staking the NFTs that are stored in the Wallet. Some of the gateways are TrustWallet, MetaMask, MyEtherWallet, and Coinbase. 

  • Reviews and Ratings 

A crucial addition much needed to any platform is a forum made for the users to express transparent views by giving ratings and reviews, which draws the crowd's huge attention online. 

Reasons to go for the NFT marketplace on BSC

  • High Transaction speed

  • High Security 

  • Interoperable

  • Ethereum Virtual Machine (EVM) compatible

  • Decentralized

  • Smart contracts Integrated

  • Less Gas fee

  • History of the Data

  • Cross-chain Compatibility

Varied NFT marketplaces developed on BSC 

  • Pancakeswap clone

  • Battle Pets Clone 

  • Bakeryswap Clone

Closing Thoughts 

This business year's NFT market size has been eventful to the growth of these global assets, with about  $50.10 billion for their demand and rarity. The future analysis shows that the market will reach the level with a CAGR of 22.5% by 2028. The White-label developed NFT marketplace on Binance Smart Chain (BSC), with the automated Smart Contracts in the trading platform, shows increased performance. They are also supportive of Decentralized Finance products.