BNB Chain, the blockchain platform launched by cryptocurrency exchange Binance, has revealed plans to develop a blockchain-based, decentralized Web3 infrastructure called BNB Greenfield.

The infrastructure will allow users and decentralized applications (DApps) full ownership of their data and have potential use cases for website hosting, personal cloud and data storage, publishing, and more.

The testnet of the infrastructure is being supported by community developer teams from Amazon Web Services, NodeReal, and Blockdaemon.

The infrastructure will use Binance tokens (previously known as Binance Coin) for smart contract integrations for Web3 applications.

BNB Greenfield will also utilize non-fungible tokens (NFTs) in conjunction with smart contracts for the management of ownership and data access.

Binance is looking to expand its offerings and recently partnered with Mastercard to launch a prepaid cryptocurrency card in Latin America.