Friday, May 17, 2024
19.9 C
London
HomeBlockchain NewsBinance NFT Adds Polygon Network Integration for Wider NFT Trading Options

Binance NFT Adds Polygon Network Integration for Wider NFT Trading Options

Binance NFT has announced support for the Polygon network on March 8th. This integration will allow users to explore and trade a wider variety of NFTs across multiple blockchains, including BNB Smart Chain, Ethereum, and Polygon.

However, Binance has taken a cautious approach to NFT listings and only handpicked ERC-721 NFT collections on the Polygon network are available on the platform.

Users are also required to hold Polygon network’s native token, MATIC, in their spot wallets to withdraw Polygon NFTs.

Binance has tightened its rules regarding NFT listings, making it mandatory for sellers to complete Know Your Customer verification and have at least two followers before listing on the platform.

The company will periodically review NFT listings and delist them if found to be violating the platform’s rules.

DISCLAIMER

As per the principles outlined by the Trust Project, Cryptozia remains dedicated to delivering impartial and transparent reporting. This news article is intended to offer precise and punctual information. Nevertheless, it is recommended that readers autonomously corroborate the facts and seek advice from a qualified expert prior to making any decisions reliant on this content.

latest articles

explore more