Dubai’s newly opened Museum of the Future partners with the global cryptocurrency exchange to deliver unique digital assets.
Museum of the Future NFTs
Dubai’s Museum of the Future has established a collaboration with global cryptocurrency exchange Binance and its NFT marketplace, ‘Binance NFT’, to build out the Museum’s first-ever NFT collection titled ‘The Most Beautiful NFTs in the Metaverse’.
On Wednesday, May 18, Emirates News Agency WAM, posted a story by Amjad Saleh detailing the new collaboration between Binance NFT and the Museum. The Museum of the Future looks to develop a series of digital assets as NFTs, cryptocurrencys and the blockchain, mixed reality and metaverse, among others.
“Museum of the Future’s partnership with the world’s largest cryptocurrency and blockchain ecosystem player makes a significant contribution towards Dubai’s plans to establish a new international digital asset ecosystem, which will, in turn, generate long-term economy growth within the digital economy,” said Omar Bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Teleworking Applications. “This exciting project is the first of many future ventures that will see us working with the world’s brightest minds and construct high-impact developments that will shape the future,” added Lath Carlson, Executive Director of Museum of the Future.
The first NFT drop is expected to be announced in the coming weeks and the first collection will be tied to ‘The Most Beautiful Building on Earth’. The Musuem was only launched a handful of weeks ago and is already seeing significant volume in visitors and ticket sales according to the piece in WAM.
Decentralized Borrowing & Lending
In another intriguing update for leading exchange, Venus Protocol Mini Program has been added to the Binance mobile platform marking the first time a decentralized borrowing and lending app is integrated into the Binance Application.
Announced via the Binance blog on May 19, Venus Protocol, a leading decentralized money market protocol on the BNB Chain, will be available for users on the Binance app. The protocol will allow users to access decentralized borrowing and lending with direct access to Venus Protocol meaning there is no longer a need to switch between apps or platforms creating a seamless user experience.
“We are proud to partner with Binance to bring the benefits of the leading borrowing and lending platform on BNB Chain to millions of Binance users,” says Brad Harrison, CEO at Venus Protocol. “By widening the accessibility to Venus Protocol’s DeFi offerings and minimizing the learning curve into DeFi for users, we are optimistic that this partnership will facilitate greater DeFi adoption globally.”
All Binance users will have access to the Venus Protocol Mini Program with the Binance DeFi Wallet, a non-custodial decentralized Web3 wallet that users can access directly throught the Binance app. Users will be able to transfer funds but also use decentralized applications (DApps) like Venus Protocol and also PancakeSwap. The benefit here will see a user-friendly experience eliminating user worry about selecting certain blockchains or using the right address when switching between Binance and DeFi.
“Our goal is to make these exciting use cases easily accessible for our users. With teh addition of Venus Protocol, the DeFi experience that users can get on the Binance App is greatly enriched,” Mayur Kamat, Head of Product at Binance, outlined.
What Is Binance
Binance positions itself as the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users. It features a large portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information, visit the website.
What is Venus Protocol:
Venus Protocol is a decentralized marketplace for lenders and borrowers with borderless stablecoin. Venus is one of the largest algorithmic money market and synthetic stablecoin protocols on BNB Chain. The Binance-backed protocol became famous around the DeFi following their hint of a massive incoming burn by founder Joselito and its Venus Reward Token VRT rewards for XVS token holders.
To learn more about Venus Protocol, see the following resources:
Website | Twitter | Telegram | Medium
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