It Became Known What New Name The Binance Cryptocurrency Token Received

The world's largest cryptocurrency exchange has rebranded its blockchain, now called BNB Chain. Previously, the company's infrastruc...

The world's largest cryptocurrency exchange has rebranded its blockchain, now called BNB Chain. Previously, the company's infrastructure was called Binance Smart Chain. This was reported in the press service of the exchange. The Binance Coin token has also been renamed "Build N Build".

The exchange designation of the digital asset will remain the same (BNB).

Binance CEO Changpeng Zhao previously stated on his Twitter page what exactly "Build N Build" stands for. In turn, BNB Chain Ecosystem Coordinator Sami Karim said that BNB Chain will be used in the development and use of products in the GameFi, SocialFi, and Metaverse segments. We previously reported that the crypto exchange has invested about $200 million in Forbes, a 104-year-old American magazine and digital publishing house.

The money will be used to merge the magazine with a publicly-traded Special Purpose Acquisition Company (SPAC) with a view to going public. The deal will make Binance one of the two biggest owners of Forbes. The company will be listed on the stock exchange under the ticker FRBS.

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