Binance's NFT head adopted this implementation model during the platform’s creation

cointelegraph.com:

Attending and reporting from the two-day Paris Blockchain Week Summit (PBWS), Cointelegraph’s managing editor, Alex Cohen sat down with Helen Hai, head of Binance's NFT platform for a candid discussion on the early inspirations for their NFT platform, as well as her vision for regulatory communication, among other topics.

Citing the methods in which the Asian economy capitalized on the growth potential within the second industrial revolution by driving job creation for the lower and middle classes, Hai stated that the internet era — typically referenced as Web2 — was a contributing factor for the widening of digital-economic disparities between various societal groups.

During the interview, Hai spoke on how this imbalance could be re-established through the usage of Web3 technologies, as well as revealing insights into the early stages of Binance’s NFT marketplace, the importance of cultivating reciprocal relationships with regulators in policy making, and the emphasis required on female leadership in the Web3 ecosystem.

.@iamwill is joining @HelenHaiyu and Athena from @TheBinanceNFT for a fireside chat at Paris Blockchain Week to talk about NFTs, crypto, and how it'll shape the future of the music industry!Watch on #Binance Live now ⬇️

Binance launched its nonfungible token (NFT) marketplace in June last year in an attempt to capitalize on the mainstream euphoria around digital collectibles, registering 2.5 million NFTs and over 1,000 creators at the turn of 2022.

Hai revealed that that platform’s initial inspiration arose from the potential for an artistic renaissance with the support of blockchain technology, speaking with pride on their optimistic values of idea creation and learn-as-you-go style deployment.

“For us, it’s