Economy
Majid Al Futtaim, Binance announce partnership to unlock Web3 capabilities for customers
Follow-ups -eshrag News:
Wed, 2022-06-01 17:25
RIYADH: Dubai-based Majid Al Futtaim group has signed a strategic partnership with Binance, the largest crypto exchange, to enable it to harness Web3 technologies.
Web3 is an idea for a new iteration of the World Wide Web based on blockchain technology, which incorporates concepts such as decentralization and token-based economics.
The agreement will see a number of blockchain projects, including the listing of non-fungible tokens, or NFTs, on the Binance marketplace, and the creation of a digital wallet infrastructure to hold virtual assets from multiple platforms.
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