Binance NFT opens its doors to non-fungible tokens from the Polygon network

Binance NFT Announces Polygon Network Support on March 8, 2023

Polygon welcome to the Binance universe – Binance is the largest centralized exchange in terms of volume. It has been able to diversify its activities and also offers a platform for buying and selling NFT since June 2021. Now, it opens its doors to NFTs from polygon.


Binance NFT gets on Polygon time

Launched in June 2021, Binance NFT is an NFT buying and reselling platform. When it was launched, it supported NFTs from the Ethereum and BNB Chain blockchains. However, after almost a year of existence, the platform wishes to expand its offer. So, on March 8, Binance announcement I’addition of the network polygon To Binance NFTs.

Binance NFT Announces Polygon Network Support on March 8, 2023
Binance NFT Announces Polygon Network Support

Therefore, users will now be able to buy and sell their NFTs hosted on the Polygon blockchain.

“The integration of the Polygon network strengthens Binance NFT’s position as an open, multi-chain marketplace ecosystem. Users can now explore and trade a wider variety of NFTs across multiple blockchains, including the BNB Smart Chain (BSC), Ethereum Network (ETH), and Polygon Network (MATIC), from their Binance accounts. »

Binance Statement

However, for now, only one selection of collections of NFT Polgyon will be borne by the place of sale. Other collections should be added over time by the Binance teams.

Note that users will need to have MATIC tokens, Polygon’s native token, to be able to withdraw their NFTs from the platform to their Polygon wallet. For their part, Polgyon NFT projects wishing to be added to the platform are invited to contact Binance so that the company can carry out its due diligence.

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Who says centralized platform says KYC

Obviously, the Binance NFT platform is a product of the giant Binance. Therefore, users will have to obligatorily go through the box KYC to use the platform.

Additionally, Binance reserves the right to suspend, freeze, or cancel the use of Binance accounts showing signs of fraudulent behavior. But hey… We are getting used to the rules of these centralized platforms.

For its part, the ecosystem has regained a new impetus of youth on a network on which we would never have expected it: Bitcoin. Effectively, Yuga Labs, the studio behind the Bored Ape Yacht Club, has launched a collection of NFTs via Ordinals on Bitcoin. This allowed the studio to raise $16.5 million in just 24 hours.

You have the right to understand nothing about the NFT trend. On the other hand, not being interested in Bitcoin is unforgivable! Don’t wait any longer to prepare for the future by going to register on the Binance platform. You will save 10% on your trading fees by following this link (trading link).

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