Binance, TRON, and APENFT join forces to create a new wave of NFT

On June 21, Binance announced that it would officially launch its NFT auction platform Binance NFT on June 24, and launch an NFT auction with the theme of "Genesis". The auction items include Andy Warhol's "Three Self-Portraits" and its 100 re-creations, 900 re-creations of Dali's "Divine Comedy" prints in tribute to Dante, and more than 1,000 heavyweight works of art. As soon as the news came out, it attracted widespread attention and heated discussions from all walks of life. Subsequently, Binance NFT and its partner APENFT successively issued relevant event previews, which directly raised the public's expectations.

On June 22, the APENFT Foundation launched a platform governance vote on its official website, initiating a vote on whether to support Andy Warhol's work as the first artwork to be auctioned on Binance NFT. In less than 24 hours, the number of votes in favor was far ahead. It can be said that the auction has already attracted enough attention before it even started.

It is reported that this is the first appearance and first auction event of Binance NFT auction platform. Regarding the first auction of NFT, Christie's chose Beeple, Sotheby's chose Pak, and Binance NFT chose Andy Warhol and Justin Sun.

The reason for this is that the highlight of this auction: Andy Warhol's "Three Self-Portraits", was purchased by Justin Sun for $2 million at the beginning of this year and then donated to the APENFT Foundation. In fact, on March 29 this year, when the APENFT Foundation was first established, Justin Sun transferred all the ownership of his previous auctions of Picasso's "Reclining Nude with Necklace", Beeple's "Ocean's Front" and Pak's entire set of NFT works "Cube" to the APENFT Foundation.

TRON, led by Justin Sun, developed and released the first NFT contract standard TRC721 earlier this year, and optimized its BTFS, the world's largest distributed storage system. Currently, TRON already has the infrastructure and business model for the entire NFT ecosystem.

Binance, one of the three major exchanges, the old public chain TRON, and the emerging NFT foundation APENFT, the "gimmick" of the three powers, and their respective plans for the development of NFT, made this auction popular before it even started, attracting enough market attention and making the topic of NFT soar again.