Binance to Host an FC Shakhtar Donetsk NFT Collection and Auction

Binance NFT, the official NFT marketplace of major cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) f A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) f Read this Term Binance, announced on Friday the official launch of the NFT collection of FC Shakhtar Donetsk, a professional Ukraine football club.

According to the press release, Nine signed jerseys will be auctioned from the club's 'Football for Peace' initiative as part of the launch. Moreover, as part of this initiative, FC Shakhtar Donetsk will organize friendly matches and donates ticket sales proceeds to Ukrainian children affected by war.

“Being one of the most popular professional football clubs in Ukraine, FC Shakhtar Donetsk has received much love, affection and support from our local fans over the years. We are dedicated to helping the Ukrainian community rise back stronger from this crisis. Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term is ideal for this given the transparency and accountability that it provides,” Sergei Palkin, the CEO of FC Shakhtar Donetsk, commented. The auction will start on May 7 and last for a week. The highest bidder will receive a limited-edition FC Shakhtar Donetsk jersey featuring the 'Football for Peace' logo.

Taras Stepanenko, Mikhail Mudryk and Andriy Pyatov, the stars of Ukrainian football, will also sign the jersey. In addition, there will be 10,000 NFT Mystery Boxes available for purchase in addition to the auctioned items.

“Throughout the ongoing crisis in Ukraine, digital assets, including NFTs, have played an important role in providing fast, efficient and simple help to those in need. By working closely with FC Shakhtar Donetsk and launching their NFT collection on Binance NFT, we hope that the proceeds would allow us to extend humanitarian support to as many Ukrainians as possible,” Helen Hai, the Head of Binance NFT, pointed out.

Trading Figures

As Finance Magnates recently reported, Binance ended March handling 30.2% of the total spot trading volume, according to a CryptoCompare report. Additionally, the exchange witnessed a 15.7% monthly surge in the demand for its crypto spot trading services as total trading volume touched $490 billion.