What is Binance NFT
Binance NFT has introduced a new trading feature in its marketplace. This feature allows interested NFT buyers to bid at their preferred price.
The new feature, which Binance NFT tweeted about on March 30, puts the Binance NFT marketplace in an even better shape. Rather than being a one-way street where sellers insist on their price, buyers and sellers can now negotiate, which is what a proper market should look like.
Binance NFT announced “New Feature Update! Users can now bid on NFT at the price they want – you can view and accept offers under 'Offer Received' and 'User Center'."
Before enabling the feature, only the NFT seller sets the price. Then, buyers can use the Buy Now button to purchase at the listed price or discard the listing if they are not satisfied with the price.
As a result of the new feature, the 'Buy Now' button has been replaced with the 'Make Offer' button. Buyers can now suggest a price that sellers can accept if they find the buyer's rating acceptable.

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