![]() Binance Decentralized Storage – BNB Greenfieldīinance ushers in a new storage system to expand its advanced features over its decentralized network. Users can then use the image generated by the AI as NFTs on Binance’s native BNB chain. ![]() Users can enter prompts to produce an image unique to the market by the AI engine. The NFT generator allows Binance users to generate art and market them as NFTs through their Binance NFT accounts. ![]() With the arrival of AI art-generating platforms such as DALL-E, Midjourney, Dream by WOMBO, and more comes the opportunity to introduce Bicasso, Binance’s AI-powered NFT art generator. The global Binance platform introduces its latest feature for NFT enthusiasts. Users can freely transfer these tokens between the two blockchains. The platform uses the Binance Smart Chain and Ethereum to create NFTs that can be stored safely inside the Trust Wallet. Though the Marketplace is still in its infant stage, it can leverage the whole Binance ecosystem. Binance NFT can include music, videos, digital art, real-world items, and website domains. NFT coins on Binance denote an asset’s ownership. The Binance NFT Marketplace was launched in 2021, where people can create, purchase, and sell NFTs (Non-Fungible Tokens). Binance runs its business globally, naming Binance Singapore, Binance Indonesia, and Binance Jersey, etc., and has a presence with registered offices in a few other European countries, including Gibraltar and Estonia.īased on the country, Binance has also developed explicit license agreements for cryptocurrency exchanges. The same year, Binance also acquired WazirX, India’s largest cryptocurrency exchange (check out the complete WazirX review here). In 2020, the parent company shifted its base of operations to Malta due to the growing regulatory issues for cryptocurrency in China and Hong Kong. Soon, it reimbursed its customers with the help of its secured asset fund. The company halted its withdrawals and Dollar deposits but continued its trading services. In 2019, Binance suffered a large-scale security breach, where 7,000 Bitcoins ($40 million) were reported stolen. Binance acquired the crypto wallet Trust Wallet in June 2018.
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