Binance NFT announces integration with polygon network

Binance NFT announces integration with polygon network

The non-fun-off token arm of the Cryptocurrency Exchange Binance-Binance NFT-announced that it would add support for the polygon network on March 8th.

The integration of the polygon network will enable users to explore and act a larger variety of NFTs over several blockchains. This includes-BNB Smart Chain (BSC), Ethereum (ETH) network and polygon from your Bony accounts.

• Despite the announcement, Binance has carefully proceeded in relation to NFT listings. Therefore, the marketplace said that not all NFT collections are currently available.
• According to the official blog post, only handpicked ERC-721 NFT collections in the polygon network are available on Binance's NFT marketplace.
• So far, ten collections have been added. The platform plans to integrate more regularly.
• In addition, users also have to keep the native tokens of the polygon network, Matic, in their spot wallets in order to withdraw polygon nfts.
• The message comes more than a month after Binance has published an update that tightens its rules for NFT listings.
• It became mandatory for the sellers to complete the Know your Customer (KYC) verification and to have at least two followers before they are listed on their platform.
• Binance also said that it will regularly check and delist the NFT listings when it is found that they violate the rules of the marketplace.

"Users can report to Binance NFT NFTs and NFT collections that may violate the precise control and terms of use.

• Last November, the football icon Cristiano Ronaldo announced that it would publish its CR7 NFT collection on the platform.

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