Are you looking for the best Binance Smart Chain NFT marketplaces?
Perhaps you’re a big fan of Binance and their overall ecosystem and now you want to dive into NFTs using one of the many BSC NFT marketplaces?
Well, we’ve got good news for you because the Binance ecosystem is absolutely huge, however, that also means it’s important to separate the wheat from the chaff.
In this guide, we’ll introduce you to the 10 best Binance Smart Chain NFT marketplaces based on transaction volume and user experience.
Let’s get right to it.
Key Points (tl;dr)
- Binance is the largest cryptocurrency exchange in the world by daily trading volume and a major player in crypto infrastructure.
- In 2020 Binance launched its smart contract platform called Binance Smart Chain, which significantly enhanced the utility of its Binance Coin token.
- Binance has one of the biggest ecosystems in the industry, mainly due to the low barriers to entry and exceptional transaction speeds. However, this comes at the cost of centralization.
- We’ve put together a list of 10 best BSC NFT marketplaces that you should know:
- Binance NFT
- Refinable
- AirNFTs
- Venly
- Pentas
- Empire
- Element
- Biswap
- NFTrade
- tofuNFT
For a detailed analysis of the top 10 BSC NFT marketplaces, PLEASE READ THE FULL ARTICLE.
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The 10 Best Binance Smart Chain NFT Marketplaces in 2023
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Here’s the answer. Great article by @ChrisHeidorn right here: https://tokenizedhq.com/binance-smart-chain-nft-marketplace/
What is Binance?
Binance is the world’s largest cryptocurrency exchange by daily trading volume and its CEO Changpeng Zhao is among the most influential people in the industry. The company is currently registered in the Cayman Islands.
If you’ve been investing in crypto since at least 2017, then you’re probably more than familiar with Binance.
Binance originally came from relatively humble beginnings when it was originally founded in Shanghai.
At the time Binance was best known for being a 100% cryptocurrency-based exchange with an easy-to-use interface and the biggest list of coin pairings in the entire market.
Without any fiat on-ramps and exclusively trading these novel digital tokens, Binance was able to grow with minimal regulatory impact.
Binance also made sure it dodged most of the regulatory oversight by moving its headquarters quite frequently to other countries.
The exchange was able to attract a lot of users from all over the world simply because it traded tokens that most other exchanges didn’t.
And thus the trading volume continued to grow and grow until Binance eventually became the biggest crypto exchange in the world, a title it still holds to this day.
What is Binance Smart Chain and BNB?
Binance Smart Chain (BSC) is a smart contract platform that uses a combination of Proof-of-Stake and Proof-of-Authority as the consensus mechanism for its network. Binance Coin currently holds the 4th largest market capitalization of any cryptocurrency in the world.
Binance was amongst one of the first exchanges to launch their own native utility token called “Binance Coin” or BNB for short.
When BNB was originally launched in 2017 its primary purpose was to act as a reward token for trading activity on the platform.
Token holders could also use $BNB to pay for trading fees at a substantial discount.
Staking BNB eventually came into play once Binance launched its own smart contract network, called Binance Smart Chain, in late 2020.
Binance Smart Chain uses a combination of Proof-of-Stake and Proof-of-Authority, which allows for significantly more efficient processing of transactions.
The term “Proof-of-Authority” was originally coined by one of the original co-founders of Ethereum, Gavin Wood, who has since gone on to create his own cryptocurrency Polkadot.
Both Proof-of-Stake and Proof-of-Authority, while very efficient, are often criticized for being overly centralized and vulnerable to single points of failure.
Many others have also stated that the Binance Smart Chain is effectively nothing more than a side chain of the Ethereum network.
Nevertheless, BSC’s low barriers to entry and low transaction fees have helped it become one of the most widely used smart contract platforms in the world.
Whether that also speaks to the quality of the projects built on top of it, is an entirely different discussion.
10 Binance Smart Chain NFT Marketplaces You Should Know
- Binance NFT
- Refinable
- AirNFTs
- Venly
- Pentas
- Empire
- Element
- Biswap
- NFTrade
- tofuNFT
Before we dive into the full list of BSC NFT marketplaces, let’s get a few things out of the way first.
It’s important to state that due to Binance Smart Chain’s extremely low transaction fees and the overall speed of the network, it’s one of the biggest dApp ecosystems in the world.
While that’s generally a good thing, it also means that there is a very wide spectrum of quality out there.
Some Binance Smart Chain NFT marketplaces are exclusively focused on BSC NFTs, while others have taken a multi-chain approach and integrated BSC into their offering.
Multi-chain NFT marketplaces are becoming more and more of a thing, so it’s important to keep an eye out for alternative NFT platforms as well.
If you’d like to know more about some of the most popular Solana NFT marketplaces, Tezos NFT marketplaces, or perhaps even IOTA NFT marketplaces, make sure to check out some of our detailed guides.
But now, let’s dive into the world of BSC and check out the first NFT marketplace on Binance Smart Chain from our list.
1. Binance NFT
It really shouldn’t come as a big surprise that we’ve listed Binance’s very own BSC NFT marketplace at the top of this list: Binance NFT
Not that this list is any particular order, but one of the most important things to look out for when buying NFTs is to make sure you’re trading in a market with sufficient liquidity.
And the safest place to do so within the Binance Smart Chain NFT marketplace ecosystem is on Binance itself.
While we’re personally not necessarily big fans of Binance, at least you know what you’re getting, and to be fair, their fees are very low.
Features include:
- Various listing options
- Minting tools
- Collection Rankings
- Top Creators
- Creator Curation
- Mystery Boxes
- Only 1% service fee
2. Refinable
We’ve mentioned Refinable here on Tokenized before when we spoke about the top Polygon NFT marketplaces.
However, today we’ll focus on their ambitions to become the definitive hub for NFTs on BSC and one of the best Binance Smart Chain NFT marketplaces.
The platform supports BSC, Ethereum, Polygon, and Solana and they’ve done a great job at creating a visually appealing site.
Features include:
- Various listing options
- Time auctions
- Minting tools
- Collection rankings
- Trader rankings
- Verified collections
- Native token $FINE with memberships
- 2.5% service fee
3. AirNFTs
AirNFTs is another NFT platform that we’ve spoken about before because it’s amongst some of the most well-known multichain NFT marketplaces.
That means that it’s not only a Binance Smart Chain NFT marketplace but also acts as an NFT marketplace for Fantom and many other networks.
The team clearly focuses on user experience in order to make the onboarding process as simple as possible for new users.
Features include:
- Various listing options
- One-click minting
- Mobile app
- NFT verification
- Launchpad
- Native token $AIRT with staking
- 2.5% service fee
4. Venly
Originally known as Arkane Network, Venly Market is another multichain platform for NFTs.
Besides being a Binance Smart Chain NFT marketplace, Venly also supports Polygon, Avalance, and Hedera as additional networks.
Its primary focus is on gaming items but you can list your artwork or collectibles on Venly as well.
While the site may feel a bit simplistic from the outside, bear in mind that it handled more than $1 million in NFT sales in 2021.
Features include:
- Various listing options
- Minting tools
- Shopify app
- API solutions
- Creator royalties
- 2% service fees
5. Pentas
Pentas markets itself as an inclusive NFT marketplace that wants to empower content creators to preserve cultural content.
It’s a lofty claim that sounds nice, but we’re not really sure what that means.
Nevertheless, it’s a well-built site and clearly has a decent amount of trading activity going on, which isn’t always the case with many new Binance Smart Chain NFT marketplaces.
Features include:
- Various listing options
- Minting tools
- Collection rankings
- Creator royalties
- Creator spotlights
- Verification badges
- No info on services fees
6. Empire Marketplace
While Empire definitely isn’t the largest Binance Smart Chain NFT marketplace, we were quite surprised by the strong volume on DappRadar.
Overall the site has the typical look and feel of many BSC NFT marketplaces, though there’s a view styling glitches here and there.
Nevertheless, it’s clear that the team is focusing on features over style, which some might like and others might not.
You be your own judge.
Features include:
- Various listing options
- Minting tools
- Collection rankings
- Launchpad
- Partnership program
- Featured collections
- No info on service fees
7. Element
Element Market is yet another multichain platform that also acts as a Binance Smart Chain NFT marketplace.
The site’s design is clean and simple, which is fundamentally different from many of its competitors.
It’s not entirely clear where the majority of its trading volume comes from given that it also supports Ethereum NFTs.
Features include:
- Various listing options
- Minting tools
- Collection rankings
- Creator royalties
- Verified badges
- Mobile app
- Staking (coming soon)
- 2% service fee
8. Biswap
Biswap is a relatively big player in the Binance DeFi world, so it comes as no surprise that they’d also incorporate their own Binance Smart Chain NFT marketplace.
That being said, we can speak from experience that people interested in DeFi are usually very different from those who are interested in NFTs.
Of course, in the end, the pursuit of more money is what unites many people amongst these groups.
However, the NFT world is so different that the vast majority has little interest in searching through the DeFi maze.
Features include:
- Various listing options
- Robi Boost rewards
- NFT staking pool
- Verified NFTs
- Launchpad (coming soon)
- 1% service fee
9. NFTrade
We’ve covered NFTrade twice already on our site when we shared our lists of the best NFT marketplaces for Avalanche and Polygon.
And today we’ll also list it right here as a Binance Smart Chain NFT marketplace.
Granted, it’s not the slickest interface on the planet, but nobody cares about that as long as the liquidity is there.
Features include:
- Various listing options
- Minting tools
- Launchpad
- Native token $NFTD incl. staking
- Escrowed P2P swaps
- 0% service fee (only temporary)
10. tofuNFT
And finally, we’ll close off our list with the Binance Smart Chain NFT marketplaces tofuNFT.
Actually, it’s a lot more than that because it supports a whopping 25 different cryptocurrency networks that have NFT functionality.
Paired with a solid user interface, this strategy is currently unmatched in the NFT scene, and wouldn’t be surprised if tofuNFT becomes one of the leading alternative NFT marketplaces.
It’s quite funny actually because the strategy reminds us a lot of how Binance came to fame.
Features include:
- Various listing options
- Collection rankings
- NFT verification
- Launchpad
- Diverse multichain offering
- Tiered fee structure (0-5%)
Conclusion
Binance Smart Chain is without a doubt one of the most active cryptocurrency ecosystems, not only in NFTs but also in DeFi.
There are so many different BSC NFT marketplaces to choose from that it can easily become overwhelming if you’re new to this space.
It remains to be seen whether NFTs on BSC will eventually become equally respected as projects that launched on Ethereum.
Only time will tell.
Here at Tokenized, we want to help you learn as much as possible about the coming NFT revolution. We help you navigate this fascinating new world of non-fungible tokens and show you how you can integrate tokenization into your own business.
