Each year in the cryptocurrency world seems to have its own theme, and 2021 looks to be the year of the Non-Fungible Token or NFT. Projects involved with NFT’s are appearing every week on Binance Smart Chain right now, taking advantage of the massive BSC user growth and the lower transaction fees when compared to Ethereum.
Enter Refinable (FINE), a project which is an all in one package much like Rarible, which offers users the ability both to invest in and create NFT’s. Invested by the likes of Binance and Youtuber extraordinaire MrBeast, Refinable presents itself as a hub for all things NFT, blending art creations and strong tokenomics effortlessly.
On Refinable, artists will be able to create their own NFTs by minting their content into a certifiably ownable and tradable token of varying rarity. Best of all, the platform is open to most content types from 2D images to 3D models, domains and even music albums. By enabling artists to tokenize art, Refinable offers them the platform they need to get recognized across the world.
Aside from enabling the creation of NFT’s, Refinable is also an NFT exchange, where users can trade, share, auction, or even gift NFT through customizable landing pages. By using BSC, Refinable benefits from lower fees and faster transactions , which are both essential in order to mint several NFT and be able to make a profit, but also to reduce their ecological footprint compared to Ethereum as the team points out.
As for FINE tokenomics, holders of the governance tokens will be able to vote on community decisions, and the tokens will also be used to settle and fund transactions, receive discounted platform commissions, boost listings for increased exposure or even enable access to exclusive sales. Another home run for Binance Smart Chain and lovers of all things NFT.
More information regarding Refinable can be found on their website at https://refinable.com/