BSC employs the Ethereum Virtual Machine (EVM), enabling the creation or migration of Ethereum-based dApps. The BNB Smart Chain comprises two blockchains: the BNB Smart Chain for NFT projects and the BNB Beacon Chain for staking, voting, and governance initiatives. NFT creators choose BSC for its cost-effectiveness, speed, EVM integration, and cross-chain compatibility when developing their projects. The Binance Chain was renamed the BNB Beacon Chain, making the Binance Smart Chain the BNB Smart Chain, collectively termed the BNB Chain. This rebranding aimed to establish a broader blockchain ecosystem separate from the Binance exchange.