Monday, December 4, 2023

Binance is establishing a presence in the Solana Metaverse.

Binance.US announced booking its space in the metaverse platform Portals, which is based on the Solana blockchain. Users of Portals can explore interactive rooms in the virtual world. Binance.US will use its space at Portals Downtown to deliver the latest news, events and charts virtually. FTX.US, the US arm of FTX crypto exchange, also has plans to build its office on this platform.

More Companies Exploring Metaverse Possibilities

More and more companies have in recent times rushed to explore the opportunities offered by metaverse. They are booking their spaces in metaverse platforms like Decentraland and The Sandbox, which are based on ethereum. Portals are becoming a favorite of companies that want to establish their presence on the fast-speed blockchain Solana. Binance.US said that its virtual presence is designed to become a meeting place for its exchange users.

Other Projects Planned on Solana Virtual Environment

Solana projects like Bonafida, Audius, Magic Eden, Raydium and others have also planned to book their space on Portals. Metaverse is described as a virtual environment where people can meet each other digitally. Traditional companies in large numbers have announced their presence on metaverse platforms in the last year. Facebook’s announcement of rebranding and becoming Meta-was big news. It has plans to develop a variety of applications for the metaverse world.

Recently Samsung launched its presence on Decentraland. Its metaverse space Samsung 837X is modeled after its New York City store Samsung 837. It offers quests that lead to NFTs and a chance to attend live mixed-reality shows.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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