Binance NFT Marketplace has announced the inclusion of the Polygon network into its list of supported chains. This move is set to expand the NFT ecosystem for its community.
Polygon NFTs now available for Binance users
With the integration of the Polygon network, the Binance NFT marketplace will become even more diverse and open. Users will be able to explore and trade a wider variety of NFTs across several blockchains, including BNB Smart Chain (BSC), Ethereum (ETH) network, and Polygon (MATIC) network, all from their Binance accounts.
With this development, users gain the ability to purchase, deposit, withdraw, and list NFTs from the Polygon network on the Binance NFT Marketplace. By holding MATIC or any token in their spot wallets, users can trade NFTs on the platform. Nonetheless, it’s worth noting that the Binance NFT Marketplace currently only features specific ERC-721 NFT Collections available on the Polygon network.
To withdraw Polygon NFTs, users must hold MATIC in their spot wallets. Binance NFT is actively seeking collaborations with quality NFT projects on the Polygon network to add to its marketplace.
Will Polygon-based NFTs help Binance grow even more?
Identity verification is mandatory for users looking to list and trade NFTs on the Binance NFT Marketplace. Binance always reserves the right to freeze, suspend, or cancel any accounts that exhibit fraudulent behavior.
The inclusion of the Polygon network will result in lower transaction fees and faster confirmation times for NFTs on the platform. This will enhance the ease with which artists and creators can mint and sell their NFTs. In addition, Binance NFT intends to integrate more platforms and blockchains into its marketplace while optimizing features to broaden its offerings.
The addition of the Polygon network is projected to attract a larger audience to the Binance NFT Marketplace. Binance NFT has been making remarkable progress in the NFT sphere, marked by notable collaborations and partnerships. The company aims to establish itself as a key player in the NFT market, and the incorporation of the Polygon network is a crucial step toward that objective.
The NFT community has responded positively to Binance NFT’s announcement, with numerous users expressing enthusiasm about the possibility of trading NFTs on the Polygon network via Binance. The inclusion of the Polygon network is considered a significant triumph for the Binance NFT Marketplace, as it will provide its users with more choices and increased flexibility when it comes to exploring and trading NFTs.
Source: nft.news
This news is published and verified by the NFT News media team.
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