Why did Binance NFT platform choose TRON and APENFT as its first auction partners?

On June 21, Binance announced on its official website that it will launch the first NFT auction "Genesis" after the Binance NFT platform goes online on the 24th, and will select TRON, one of the world's three major public chains, and APENFT, a foundation focused on the NFTization of artworks, as the first auction partners.

Afterwards, partner APENFT (@apenftorg) posted a trailer of the event on Twitter. The fun and cool video attracted many netizens to watch and like it, making the video's views quickly exceed 28,000. Binance NFT also retweeted and liked the video.

Binance NFT is an NFT auction platform launched by Binance, which can be said to be an important symbol of Binance's official entry into the NFT market. In order to gain market recognition for the launch of the platform, Binance has invested a lot of resources and also used Andy Warhol's "Three Self-Portraits" as the main auction item to build momentum for the platform's first launch.

It is no coincidence that Binance chose TRON and APENFT Foundation as co-organizers for the first auction of NFT platform. Since March this year, TRON has actively laid out NFT infrastructure, developed and launched TRC721 protocol, and combined with BTFS, the world's largest distributed storage system, to form a complete NFT infrastructure system.

As the founder of TRON, Justin Sun is also one of the early NFT investors. He has spent nearly 200 million yuan to buy well-known works by traditional artists and crypto artists such as Picasso, Andy Warhol, Beeple, and Pak. At the same time, he actively supports the development of outstanding projects in the NFT field. He has publicly expressed his optimism about the APENFT project, which focuses on the NFTization of artworks, and donated to it Picasso's "Reclining Nude with Necklace", Andy Warhol's "Three Self-Portraits", Beeple's "Ocean's Front" and other collections that he had previously acquired. The APENFT Foundation's participation in the first auction on the Binance NFT platform was also recommended by Justin Sun.

APENFT is a foundation that focuses on the NFT and blockchainization of top artworks. Since its establishment, it has been favored by many people for its innovative model. At present, the APENFT Foundation has reached cooperation with top auction institutions such as Christie's, Sotheby's, and NiftyGateway.

Binance chose TRON and APENFT Foundation as partners for its first NFT auction, which obviously saw the foundation and strength of the two partners in the NFT field. It has to be said that the strong combination of the three parties has opened up all links from the production of artworks to NFTization and then to the circulation of artworks NFT, and may make positive contributions to the NFTization of artworks, the circulation of artworks NFT value and the expansion of consensus.

Interestingly, Binance named the theme of this auction "Genesis", which means Genesis, implying the beginning and origin of the new digital world. It seems to symbolize the tripartite cooperation between Binance, TRON, and APENFT Foundation to create a new digital era for artistic creation, display, and trading.

It is reported that the Binance NFT auction will start on June 24 and last for 6 days. The items to be auctioned include Andy Warhol's "Three Self-Portraits" and its re-created version, Dali's re-created version of "The Divine Comedy" prints paying tribute to Dante, etc. The total number of items to be auctioned exceeds 1,000. Interested bidders can log in to Binance NFT to participate in the bidding.