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The world&#8217;s leading cryptocurrency exchange Binance launched its first metaverse show, called &#8220;Build The Block&#8221; through its VC arm, Binance Labs.&nbsp;



<a href="https://www.binance.com/en/news/flash/7545427" target="_blank" rel="noreferrer noopener">In a press release,</a> Binance&#8217;s Build The Block is a new global digital series in which Web3 start-ups compete for getting investments from Binance Labs. Build The Block is the first show of its kind and Binance&#8217;s first entry into the metaverse.



The global digital series will witness the competition of 12 Web3 startups, which are set to impress a live audience and a panel of judges. The panel of judges includes Co-founder and CMO of Binance and Head of Binance Labs Yi He, Chief business officer of Binance Yibo Ling, Co-founder of Coin Bureau Guy Turner; Azeem Khan, a member of the World Economic Forum&#8217;s Crypto Sustainability Coalition and fundraising and partnership lead at Gitcoin; and CEO of Animoca Brands and partner at Animoca Capital Robby Yung.&nbsp;



The first episode will commence on Binance Live and Binance&#8217;s official YouTube account at 22:00 (UTC+8) on May 12. It will be hosted by Justin Bratton, host of Asia&#8217;s Got Talent.&nbsp;



In this regard, Yi He said: &#8220;&#8216;Build The Block&#8217; is Binance&#8217;s latest innovative experiment – to create the industry&#8217;s first metaverse investment competition. This initiative has attracted a large number of Web3 entrepreneurs and builders to participate and showcase their projects.&#8221;



&#8220;We hope that such a platform can encourage everyone to innovate further. We believe in the potential of the metaverse and blockchain technology and will continue to empower innovators to create the future of the internet,&#8221; he added.&nbsp;



The seven episodes will be live on Tuesday and Friday. The event is organized in partnership with Build Lifeform, a pioneering technology solution provider for web3 virtual human avatars.&nbsp;

Build The Block Binance

Metaverse

Web3

Binance Rolls out ‘Build The Block’ for Web3 Startups Competition

World&#8217;s prominent cryptocurrency exchange Binance decided to deploy artificial intelligence into its education platform to help users to get AI-generated answers about Web3.



<a href="https://www.binance.com/en/blog/ecosystem/introducing-binance-sensei-your-aipowered-web3-mentor-5277316484781675461" target="_blank" rel="noreferrer noopener">In a press release</a>, Binance said it is integrating ChatGPT into its education platform, Binance Academy, launching a new AI-driven tool named the &#8220;Binance Sensei.&#8221;



According to the press release, Binance pointed out that the launch of Binance Sensei came to evaluate the way that the users explore and interact with its educational content to create a more engaging process. Users, whether they are beginners or experts, can get easy-to-understand responses sourced from Binance Academy&#8217;s educational content by just entering questions or keywords in the chat window.



After typing the question, users will get a concise, approximately 150-word summary in addition to offering three relevant articles to further expand the users&#8217; knowledge on the topic.



&#8220;Whether you&#8217;re a curious newcomer seeking to understand the basics of blockchain or a seasoned professional looking for more complex information, Binance Sensei has you covered. This cutting-edge tool is here to guide you every step of the way, ensuring an enriching and enjoyable educational journey through the world of Web3 and crypto,&#8221; Binance said.



It is not the first time Binance uses the AI as a tool. Earlier in March, the leading cryptocurrency exchange launched Bicasso, a new AI-based NFT generator that turns words and images into digital collectibles. Users will be able to mint NFTs by typing the image&#8217;s description.



Also in February, Binance launched a new feature through which its users can provide the company with feedback and comments in a long-lasting and dynamic way.



Binance’s users can even provide suggestions and ideas for product improvements, as this new tool comes as a part of a multi-phase project to enable the leading exchange to take part in its product roadmap.

Binance Academy

Blockchain

Binance Academy Uses ChatGPT for Educating More Users

Binance CEO Changpeng Zhao said the cryptocurrencies&#8217; upswing will start from the Middle East, <a href="https://ar.cointelegraph.com/news/binance-ceo-hints-cryptos-next-bull-run-might-start-in-the-middle-east" target="_blank" rel="noreferrer noopener">according to Cointelegraph</a>.



Zhao&#8217;s remarks came in a reply to a tweet by Cameron Winklevoss, the co-founder of crypto exchange Gemini, as he complained about the US authorities&#8217; strict enforcement procedures against several crypto companies.



Winklevoss tweeted: &#8220;My working thesis atm is that the next bull run is going to start in the East. It will be a humbling reminder that crypto is a global asset class and that the West, really the US, always only ever had two options: embrace it or be left behind. It can&#8217;t be stopped. That we know. Any government that doesn&#8217;t offer clear rules and sincere guidance will be left in the dust. Quickly. This will mean missing out on the greatest period of growth since the rise of the commercial Internet.&#8221;



Zhao replied: &#8220;Start in the Middle of the East?&#8221; in a reference to the Middle East region.



Indeed, Middle Eastern countries like the UAE and Bahrain became more welcoming toward crypto and digital assets in general thanks to their supportive policies. The UAE recently unveiled its first federal-level regulations for Virtual Asset and Virtual Asset Service Providers (VASPs), seeking to add another layer of oversight to the industry.



While in May 2022, Binance Bahrain received a Category 4 license as a crypto-asset service provider (CASP) from the Central Bank of Bahrain (CBB).



Winklevoss was not the only person who complained about the US&#8217;s recent procedures toward crypto firms. CEO and Co-founder of Coinbase pointed out that the US procedures could push cryptocurrency firms to choose offshore centers that are more crypto-friendly as well as CEO of the Crypto Council for Innovation Sheila Warren.

Binance Zhao

Crypto

Binance CEO Points To Middle East as Upswing Region of Crypto

World&#8217;s leading crypto exchange Binance will help fans to engage more with their sports teams to the extent of having dinner with them, <a href="https://cointelegraph.com/news/binance-to-bring-fans-closer-to-sports-teams-with-fan-token-platform" target="_blank" rel="noreferrer noopener">according to Cointelegraph</a>. 



Binance announced a new update to its fan token platform, which allows fans to gather points and redeem them with a variety of rewards. These rewards include tickets to games, access to meet and greets, and video clips from their favorite players, in addition, they can take part in exclusive dinners with the athletes.



Fans can collect points by participating in fan token activities such as completing tasks and voting in polls. The more participation of fans, the more points they get and the better rewards they get.



In this regard, Head of NFT and Fan Tokens at Binance Lisa He said the fan tokens are the future of engagement, noting the new update will work on strong relations between sports teams and athletes and their fans.



According to Lisa He, Fan tokens allow sports fans to feel more connected to their favorite sports teams by allowing them to have access to exclusive offers and have a voice in team decisions for the club.



Indeed, the platform was successful after making thousands of fans meet their favorite players from various clubs like Santos FC, Porto, and SS Lazio.



Recently, Binance is trying to be closer to its community to gain their loyalties. It launched a new feature through which its users can provide the company with feedback and comments in a long-lasting and dynamic way.



Binance’s users can even provide suggestions and ideas for product improvements, as this new tool comes as a part of a multi-phase project to enable the leading exchange to take part in its product roadmap. Binance&#8217;s main goal for this feature is to gather its community to suggest new features that it wants to see implemented on the exchange.

Binance Fan Token Program

Binance Builds Stronger Ties between Sports Teams, Fans

Binance, the world’s pioneering cryptocurrency exchange, launched a new feature through which its users can provide the company with feedback and comments in a long-lasting and dynamic way.



Binance&#8217;s users can even provide suggestions and ideas for product improvements, as this new tool comes as a part of a multi-phase project to enable the leading exchange to take part in its product roadmap, <a href="https://cryptonews.com/news/binance-launches-feature-implement-community-feedback-roadmap-development.htm" target="_blank" rel="noreferrer noopener">according to Crypto News</a>.



In a press release, Binance said that the main goal of this feature is to gather its community to suggest new features that it wants to see implemented on the exchange. Binance noted that it would review community feedback after which its product team will announce a roadmap for user-suggested features in March this year.



After announcing the roadmap, Binance&#8217;s community will vote on the proposed and top suggested features to be added to the company&#8217;s official website.



In this regard, Head of Product Mayur Kamat said: &#8220;We love hearing feedback from the community, whether it&#8217;s direct from the customer or from reviewing comments from social channels and messages &#8211; Binance has always built feedback into the product development process. On average, we get around 1,000 pieces of feedback every month – now we have a dedicated place for the community to make suggestions and leave a lasting impact on future Binance product developments.&#8221;



Binance CEO Changpeng Zhao (CZ) always gives explanations about issues related to the company to the public, mostly through Twitter, especially at the time of events preceding and following the bankruptcy of FTX.

Binance

Binance Reveals New Feedback Feature for Its Community

Binance CEO Changpeng ‘CZ’ Zhao said 2022 was a tough year for Binance and the crypto market overall but not unprecedented.



Zhao was trying to explain his perspectives on the crypto market in 2022 and expectations for 2023 in a blog titled &#8220;<a href="https://www.binance.com/en/blog/from-cz/a-letter-from-our-ceo-2022-the-year-of-resilience-3832363980753069400#idrichtexttextconfigcontentadoption-and-buildingstyle" target="_blank" rel="noreferrer noopener">A Letter From Our CEO: 2022, the Year of Resilience</a>.&#8221;



According to Zhao, 2022 witnessed crises and failures, mainly the collapses of Celsius, Voyager, BlockFi, and FTX, in addition to the decline in cryptocurrencies. However, CZ remained optimistic about the future of the industry and Binance, expecting that the market would recover rapidly in light of developments in the metaverse, NFTs, GameFi, DeFi, and other blockchain solutions.



Regarding Binance, he pointed out that his company would concentrate on building and regaining public trust through transparency despite the noise and putting users first, expressing his pride that Binance hires 7,500 employees, representing over 100 nationalities to serve more than 120 million users globally.



He described the crypto prices this year as incredibly resilient, looking forward to a stronger market regardless of whether recovery will happen in one month or one year.



Moreover, CZ said in an interview posted on Twitter that Binance users are free to withdraw their deposits anytime if they have concerns.



&#8220;We have more than 100% reserves on every single coin that we hold on behalf of our users, so feel free to withdraw at any time if you have any concerns,&#8221; the Binance boss noted.



Zhao&#8217;s message comes in response to controversial proof-of-reserves audits that many crypto firms, including Binance, underwent, to reassure the safety of their users&#8217; deposits.



By the end of 2022, Binance has secured 14 registrations and authorizations in jurisdictions across five continents, including Dubai, Abu Dhabi, Bahrain, Colombia, South Africa, France, Italy, Spain, Poland, Lithuania, Cyprus, Kazakhstan, Australia, and New Zealand.

Binance CEO Reassures Users That Funds Are Safe

This year, the crypto industry witnessed strenuous phases due to the bear market and the wave of bankruptcies that made crypto billionaires lose billions of their fortunes.



<a href="https://www.forbes.com/sites/johnhyatt/2022/12/24/these-crypto-founders-and-bitcoin-moguls-lost-116-billion-in-2022/?sh=1060db42b2a7" target="_blank" rel="noreferrer noopener">According to a recent report by Forbes</a>, 17 of the crypto tycoons lost about $116 billion over the past nine months since march, as 15 of them lost about half of their fortunes. In addition, ten lost their billionaire status, according to Forbes estimates.



The most significant loss was attributed to the CEO of the largest crypto exchange, Changpeng Zhao, the CEO of Binance. Zhao&#8217;s 70% stake in the crypto exchange was estimated at$65 billion in March, but it is now valued at only $4.5 billion.



Forbes reported that Zhao is facing growing doubts about centralized exchanges, especially Binance and continuous investigations of his company by US and European authorities over claims of &#8220;facilitating money laundering and other financial crimes.&#8221; However, Zhao confirmed that the deposits of crypto users are fully backed.



Coinbase CEO Brian Armstrong lost more than half of his fortune, valued at $1.5 billion after it was $6 billion in March. Coinbase’s stock plummeted 64% since August and more than 95% from its $100 billion IPO in April 2021, annihilating much of Armstrong’s fortune.



While the fortune of Ripple&#8217;s Co-founder Chris Larsen declined from $4.3 billion in March to $2.1 billion. Also the bitcoin billionaires Cameron and Tyler Winklevoss lost more than 50% of their fortunes as they reached $1.1 billion each after they were valued at $4 billion.



Regarding those who lost their billionaire status, the fortunes of co-founders of FTX Sam Bankman-Fried (SBF) and Gary Wang are zero this month after they were valued in March at $24 billion and $5.9 billion, respectively. FTX, once valued at $32 billion, collapsed in a matter of days after the CEO of Binance said his exchange would liquidate its FTT tokens, a matter that led to the plunge of FTT value. FTX filed for Chapter 11 bankruptcy on November 11.



Days ago, SBF was released on a $250 million bail package after making his first appearance at a US court to face fraud charges over the FTX collapse.



Moreover, the stake of Barry Silbert, founder and CEO of Digital Currency Group (DCG), was estimated at $3.2 billion in DCG in March and became $0 following the collapse of FTX.

Crypto Billionaires

Forbes Says Crypto Tycoons Lost $116 Bln in 9 Months

Binance had witnessed withdrawals of more than $3.6 billion from December 7 to December 13, a matter which negatively affected its liquidity, according to a recent report by Nansen, a crypto analytics company.



In a tweet, Nansen clarified that Binance saw total outflows worth about $8.8 billion, while the gross inflows reached over $5.1 billion.



The report mentioned that in November, Binance saw inflows of Ethereum ERC-20 tokens worth $2 billion, but it witnessed outflows worth $1 billion from December 12 to 13.



Andrew Thurman, a technician in Nansen, attributed this decline in liquidity to large crypto makers&#8217; partial exit from the world&#8217;s largest crypto exchange, referring to the withdrawal made by Wintermute, a crypto maker, of more than $300 million on December 11 and 12 in addition to the Jump Finance&#8217;s redemption of Binance USD worth over $30 million from December 12 to 13.



In this regard, Binance CEO Changpeng Zhao commented on the recent withdrawals, saying they come as a stress test that proves that the crypto exchange is solvent, considering these moves keep the industry healthy.



&#8220;We saw some withdrawals today (net $1.14b ish). We have seen this before. Some days we have net withdrawals; some days we have net deposits. Business as usual for us. I actually think it is a good idea to “stress test withdrawals” on each CEX on a rotating basis,&#8221; Zhao tweeted.



<a href="https://cointelegraph.com/news/binance-net-withdrawals-topped-3-6b-over-the-last-7-days-report" target="_blank" rel="noreferrer noopener">Coin Telegraph</a> reported that Binance may be negatively affected when Reuters published a report on December 12, alleging that the US Department of Justice was considering charging Binance executives with financial crimes, a matter which Binance completely dismissed.



Earlier, Zhao urged governments around the world to adopt and regulate the crypto industry instead of fighting it. He also announced that his firm would allocate $1 billion to set up a recovery fund with an intent to increase that amount to $2 billion soon if the need arises.

Binance Saw Withdrawals Over $3 Billion in 7 Days

Binance CEO Changpeng Zhao denounced being portrayed in addition to other guys by FTX founder Sam Bankman-Fried (SBF) as bad guys aftermath of the collapse of FTX in November.



<a rel="noreferrer noopener" href="https://twitter.com/cz_binance/status/1600083613780824064" target="_blank">In a Twitter thread</a>, Zhao explained many matters related to the crypto industry, wanting to correct a number of “wrong narratives”, he witnessed recently. Zhao described Bankman-Fried, also known by his initials SBF, as one of the greatest fraudsters in history and a master manipulator when it comes to media and key opinion leaders.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A list of wrong narratives I have seen recently.&mdash; CZ 🔶 Binance (@cz_binance) <a href="https://twitter.com/cz_binance/status/1600083611667075074?ref_src=twsrc%5Etfw">December 6, 2022</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



&#8220;SBF perpetuated a narrative painting me and other people as the ‘bad guys.’ It was critical in maintaining the fantasy that he was a ‘hero.’ SBF is one of the greatest fraudsters in history, he is also a master manipulator when it comes to media and key opinion leaders,&#8221; Zhao tweeted. He added that SBF has good intentions but he committed mistakes.



The second wrong narrative the CEO of Binance dismissed is that FTX was collapsed by a third party, asserting that FTX has killed itself by its mistakes, claiming that it stole billions of dollars of user funds.



&#8220;No healthy business can be destroyed by a tweet,&#8221; Zhao tweeted, recalling that a Bloomberg article on FTX on November 18 was the reason for FTX collapse that cited Caroline Ellison&#8217;s tweet on November 6 on Binance and Alameda.



The third narrative which Zhao countered is that he wants to be the savior of the crypto industry, saying the crypto doesn’t need saving. crypto is fine.



&#8220;Crypto doesn’t need saving. Crypto is fine. It’s the beauty of decentralization. We are just part of it. We want to help other good projects that may be in a cash crunch because of recent events. It’s in our collective best interest,&#8221; he further tweeted.



FTX, once valued at $32 billion, collapsed in a matter of days after the CEO of Binance said his exchange would liquidate its FTT tokens, a matter that led to the plunge of FTT value. FTX filed for Chapter 11 bankruptcy on November 11.

Binance CEO

Binance CEO Describes FTX’s SBF As “One of The Greatest Fraudsters”

Binance, the world&#8217;s largest crypto exchange platform, collaborated with the University of Nicosia in offering free metaverse courses.&nbsp;



Under the partnership announced by Binance Charity, the philanthropic arm of Binance, and the Institute for the Future (IFF) of the university, Binance will offer five full scholarships for students from Cyprus and Greece. The students will learn the world’s leading graduate program in the field to obtain a master of science degree in blockchain and Digital Currency from the university.&nbsp;



Moreover, the partnership includes offering free metaverse-based courses, but learners are required to possess an NFT. The students, who would like to get a certification after completing the course, should pay a small fee to receive an NFT certificate minted on the Ethereum blockchain. The course will be delivered on the blockchain and in the metaverse.



The university said more than 14,000 students registered for attending the online 12-week course “NFTs and the Metaverse.” Web 3.0 entrepreneurs, pioneering NFT creators and collectors, and investors will deliver lectures during the course.&nbsp;



Commenting on the partnership, Binance CEO Changpeng Zhao tweeted that the world is moving forward.&nbsp;



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">University of Nicosia in Cyprus 🇨🇾 offers courses in the meta verse, and you must have an NFT to attend. Binance offers scholarships with this university. The world is moving forward. <a href="https://t.co/aDhCu7cIS8">pic.twitter.com/aDhCu7cIS8</a>&mdash; CZ 🔶 Binance (@cz_binance) <a href="https://twitter.com/cz_binance/status/1597351154438094848?ref_src=twsrc%5Etfw">November 28, 2022</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Head of Binance Charity Helen Hai said the interest in blockchain increased over the past years, however academic institutions were taking slow steps in covering the needs of this area.&nbsp;



The students will learn modules in law and regulation in blockchain, digital currency, principles of money, banking and finance, and entrepreneurship management in addition to blockchain systems and architectures with a focus on existing and emerging crypto applications, such as Decentralized Finance (DeFi) and asset tokenization.&nbsp;



It is not the first time that Binance did something in favor of crypto and blockchain education. Earlier this month, it announced offering free courses online to educate crypto users on cryptocurrency, blockchain, Web 3, and the metaverse.



Through Binance Academy, the courses come under the title of “Binance Learn &amp; Earn.” Binance and non-Binance users can complete the courses. But it is free of charge for Binance users,&nbsp;<a target="_blank" href="https://bitcoinist.com/binance-launches-free-crypto-courses-and-provides/" rel="noreferrer noopener">according to Bitcoinist</a>.



The Beginner Track consists of courses, which are covering the fundamentals of the crypto world and blockchain, decentralization, Web 3.0 and metaverse, and trading and investment strategies. The intermediate and advanced levels will be available in the future.

Binance and University of Nicosia

Binance Collaborates with University of Nicosia to Offer Metaverse-based Courses

Binance CEO Changpeng Zhao urged governments around the world to adopt and regulate the crypto industry instead of fighting it, <a href="https://news.bitcoin.com/binance-ceo-most-governments-understand-crypto-adoption-will-happen-regardless/" target="_blank" rel="noreferrer noopener">Bitcoin News reported</a>. 



While speaking about cryptocurrency regulation after the bankruptcy of FTX during a Binance event in Greece, Zhao said: &#8220;I think most governments now understand that adoption will happen regardless. It’s better to regulate the industry instead of trying to fight against it.&#8221;



Zhao predicted that the small countries would be the first states to add cryptocurrencies such as Bitcoin to their reserves then the remaining country will follow the trend.



The CEO of Binance noted that the crypto scene witnessed many events over the past two months, thinking that the industry is now healthier. He asserted the crypto businesses are not bad just because of the FTX collapse.



In a move to restore confidence in the crypto industry, the world’s largest cryptocurrency exchange announced allocating $1 billion to set up a recovery fund with an intent to increase that amount to $2 billion soon if the need arises.



Binance has already received a total of about $50 million in an initial commitment from seven investment firms, including Jump Crypto, Polygon Ventures, Aptos Labs, Animoca Brands, GSR, Kronos, and Brooker Group.



Binance&#8217;s recent move aims to support the most promising and highest quality firms and projects which are based on the latest technologies and entrepreneurs, who are facing remarkable, short-term, and financial difficulties without committing faults on their own.



Earlier this month, Zhao compared the FTX collapse with the financial crisis of 2008, warning of an avalanche effect. He pointed out that the consumers&#8217; confidence has been shaken, a matter which needs a few years to be stabilized.



FTX, once valued at $32 billion, collapsed in a matter of days after the CEO of Binance said his exchange would liquidate its FTT tokens, a matter that led to the plunge of FTT value.

Binance CEO Urges Governments to Adopt Crypto Instead of Fighting It

Binance, one of the biggest crypto platforms, announced offering free courses online to educate crypto users on cryptocurrency, blockchain, Web 3, and the metaverse.



Through Binance Academy, the courses come under the title of &#8220;Binance Learn &amp; Earn.&#8221; Binance and non-Binance users can complete the courses. But it is free of charge for Binance users, <a href="https://bitcoinist.com/binance-launches-free-crypto-courses-and-provides/" target="_blank" rel="noreferrer noopener">according to Bitcoinist</a>.



The Beginner Track consists of courses, which are covering the fundamentals of the crypto world and blockchain, decentralization, Web 3.0 and metaverse, and trading and investment strategies. The intermediate and advanced levels will be available in the future.



The initial phase of the learning program is now available on Binance Academy&#8217;s website, which is &#8220;Blockchain Fundamentals.&#8221;



After completing the Beginner Track and quizzes, users will obtain one NFT certificate. The courses are only available in English, however, they will be available in other languages in the coming weeks.



<figure class="wp-block-image size-large is-resized"><img decoding="async" loading="lazy" src="https://adminblog.upyo.io/wp-content/uploads/2022/11/Binance-Academy-1024x576.png" alt="" class="wp-image-2672" width="701" height="394" srcset="https://3.111.63.208/wp-content/uploads/2022/11/Binance-Academy-1024x576.png 1024w, https://3.111.63.208/wp-content/uploads/2022/11/Binance-Academy-300x169.png 300w, https://3.111.63.208/wp-content/uploads/2022/11/Binance-Academy-768x432.png 768w, https://3.111.63.208/wp-content/uploads/2022/11/Binance-Academy-1536x864.png 1536w, https://3.111.63.208/wp-content/uploads/2022/11/Binance-Academy.png 1600w" sizes="(max-width: 701px) 100vw, 701px" /></figure>



In this regard, Binance Co-founder and Chief Marketing Officer He Yi asserted the importance of empowering builders and creators in the crypto world as they shape its future, adding the blockchain industry is at its beginning as concepts like NFTs and metaverse are coined.



&#8220;Binance, the industry leader, bears great responsibility for education and we will continue to push innovation through education,&#8221; He Yi noted.



Millions of users viewed or read Binance Academy’s learning courses, in which it cooperated with well-known names in the education domain, such as Harvard, Oxford, and MIT.



Binance&#8217;s move comes within a framework to pay more attention and focus on empowering the community as a whole above everything else, along with Binance’s Recovery Fund for crypto projects facing liquidity crises.



Those who are interested can register from this link: https://academy.binance.com/en/courses?utm_source=Binance&amp;utm_medium=announcement

Binance Offers NFT Certificates after Completing Free Crypto Courses

Ukraine&#8217;s Kharkiv Arts Museum, in collaboration with Binance NFT, an NFT platform, announced the launch of a set of digital tokens to be auctioned on the Binance marketplace.



The auction, which started today and lasts for a week, aims to allocate funds for the museum’s activities to restore work and secure more jobs amid the ongoing war on the European country from Russia.



The collection will feature artworks by Ivan Aivazovsky, Albrecht Dürer, Simon de Vlieger, Georg Jacob Johann van Os, and other artists.



The displayed NFTs will be divided into three categories; gold which includes five artworks, starting from $1,000 Binance USD (BUSD).



The second category is silver which includes five NFTs starting from $750 BUSD.



The last category is bronze which includes five artworks with a price starting from $500 BUSD.



The museum attempts to cross borders and showcase its masterpieces as NFTs in the digital world everywhere using Web 3.0 technologies.



Meanwhile, Head of Binance NFTHelen Hai said: “Throughout the ongoing crisis in Ukraine, digital assets have played an important role in providing fast, efficient, and simple help to those in need. Together with the Kharkiv Art Museum, we will present the NFT collection which combines Web3 technology and pieces of art that the museum preserves so carefully.&#8221;



She wished that the NFTs would catch the attention of art lovers and enhance the existence of the museum.



After a month of its launch, Binance NFT achieved 25 million BUSD, making it one of the fastest-growing NFT platforms around the world. Overall, the NFT platform recorded $40 million BUSD since its debut, selling over one million Mystery Boxes.



Since the beginning of the Russian-Ukrainian war, Ukraine headed for selling digital assets on the metaverse to fund its army.



In March, Ukrainian Minister of Digital Transformation Mykhailo Fedorov announced that his country would sell NFTs based on the timeline of the Russian invasion to keep the memory of the war.



The NFTs, named &#8220;Meta History: Museum of War,&#8221; is a collection of tweets, news stories, and illustrations based on the ongoing war. The collection uses the blockchain platform Fair.xyz to facilitate its sales.



The embattled country announced that it had raised more than $54 million so far through cryptocurrency donations in order to fund its army and relief efforts.

Ukrainian NFT

Kharkiv Art Museum Launches NFTs to Be Auctioned on Binance

Binance, the largest cryptocurrency exchange in the world, plans to expand its footprint in the Middle East and North Africa region (MENA) after reports of a surge in users in the region.



<a href="https://www.binance.com/en/blog/markets/binance-ramps-up-web3-adoption-in-the-mena-region-9207860706271326846" target="_blank" rel="noreferrer noopener">Binance reported</a> a 49% growth in user sign-ups in MENA during 2022 so far. The world’s leading cryptocurrency exchange attributed this increase to the growing interest in virtual assets thanks to remarkable government initiatives that encouraged businesses to enter this world.



It pointed out that the MENA’s support of virtual assets and blockchain raised awareness of the importance of the virtual world and drove Web 3.0 adaptation.



To cope with the increasing number of users and partnerships, Binance increased the number of its employees to 400 in Dubai alone, including additions to the executive directors&#8217; team.



In this regard, Regional Head of MENA at Binance Richard Teng described this level of growth in users and expansion in new employees as encouraging, especially in the United Arab of Emirates (UAE).



&#8220;We are witnessing rapid adoption of blockchain technology in the region and we believe there is huge potential for the UAE to soon become a leading virtual asset hub,&#8221; Teng said.



Teng pointed to his company&#8217;s exciting plans for the MENA region, noting that Binance is committed to closely working with local regulators to set up a safe and secure ecosystem for its users.



According to Teng, Binance will continue its cooperation with officials in Dubai and the UAE in general to develop a strong virtual infrastructure protecting the investors and markets.



The cryptocurrency exchange deepened its presence in the MENA region lately. In the UAE, it inked a partnership agreement with Majid Al Futtaim, the retail giant in the UAE, on enabling customers to buy virtual assets at Majid Al Futtaim’s different facilities as well as signing partnerships with Virtuzone, Palazzo Versace, and Jebel Ali Resorts.



Also, In September, Bahrain-based EazyPay partnered with Binance to launch the first regulated and approved crypto payments service offering in the Kingdom, Binance Pay.

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