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Binance.US is coming to the metaverse By BTC Peers

by Mike Robinson

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© Reuters. Binance.US coming to the metaverse

Binance.US wants to be part of this metaverse revolution. There are many large brands that have joined the train. Portals, an Solana-based Metaverse Platform, is being used by the leading cryptocurrency exchange to set up a virtual office.

In a Twitter (NYSE:) message to crypto news site CoinDesk, Portals’ head of community and partnerships Chris Lund reportedly said:

Binance.US has a new space at Portals Downtown. The focus is on providing the latest news, charts and other events virtual.

The spokesperson for Binance.US Zachary Tindall stated that it would be a place of gathering for users.

For the Binance.US to meet together, we are creating a place in the metaverse. It’s the first of many steps we’re taking to be forward-looking as we build and reach our community in new environments.

At the moment, the metaverse is the most popular buzzword in crypto. According to BTC PEERS the current price of land for popular metaverse platforms such as Decentraland and The Sandbox is over $10,000. These open metaverse projects are run on blockchain. Portals on the other side are built on blockchain.

Binance and many other prominent players are now using the Solana platform. Lunds mentioned that Solana’s NFT marketplace Magic Eden and automated market marker Raydium are all present in the Portals universe.

The recent frenzy surrounding the metaverse started late last year, when Facebook (NASDAQ: ) changed its name to Meta to reflect its larger ambitions to enter the space.

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