Binance NFT Marketplace: Juggernaut (JGN) Position Statement 🦁
Recently, Binance announced their plans to release an NFT Marketplace in June: [LINK]
As we are also developing an NFT Exchange, we thought it would be a cool idea to share some thoughts on what it means for Juggernaut (JGN).
The Binance NFT Marketplace is great news for the NFT industry: more users, attention, and companies looking into the space.
Binance NFT Marketplace
Binance has invested into many different NFT projects, as well as the BSC Fund for ecosystem partners. They will prioritize and integrate with portfolio companies first, as they have invested a lot of resources and time into them, then with the rest of BSC projects, and finally with everything else.
Their vision for the NFT Marketplace is amazing, as they want to integrate it with binance.com accounts, opening access to NFTs for a wide range of new and existing users.
Using different crypto wallets, connecting to decentralized exchanges, using DeFi protocols, buying and selling NFTs, etc. is complicated. Binance wants to facilitate access to new assets, and that resonates with our mission.
What It Means For JGN
We have known this for a while now, and we think it’s an amazing push towards NFT mainstream adoption.
They really believe in NFTs, and the potential that they have. We will look to collaborate with them on this and enable further liquidity.
We actually want to focus on different markets together, so the overlap is actually benefitial for JGN, instead of purely competitive.
We are at a point in the industry where there’s not really a sense of high competition because everything is new and experimental. That’s the best moment to be part of something, and not when the whole world wants to launch an NFT exchange.
A Rising Tide Lifts All Boats
If a company like Binance pushes NFT adoption forward, we are all going to benefit massively. It is not a zero sum game, as some people seem to think.
It is very clear talking with Binance that they believe in NFTs, their adoption, and especially on their market size. Through their BSC Fund for ecosystem projects, they have invested in a wide range of NFT projects, including NFT Marketplaces.
Binance is the biggest crypto exchange in the world, but even for them it would be impossible to serve the whole crypto space, as it has grown a lot in size and reach.
We like to think that we have received investment and support by the BSC Fund because they like our vision, what we have accomplished, and how we plan to continue growing.
Exciting Plans Coming 😏
We have been working on a number of new components for our NFT efforts, and we have plans to integrate with Binance’s NFT Marketplace, as we see a lot of fit. We are very excited about them.
We’ll continue to work hard no matter what, and innovate through our DeFi + NFT infrastructure.
Let’s go JGN! 🦁
Juggernaut (JGN) is a complete custom DeFi suite, governance, and NFT ecosystem with full BSC compatibility.
We are creating the go-to BSC NFT Exchange. Open access, freedom of assets, and available for anyone, anywhere.
We are building an NFT infrastructure, games, collections, and our Exclusive BSC NFT Exchange. Juggernaut is building a unique ecosystem, full of exciting use cases, merging the possibilities of DeFi with NFTs.