Binance NFT Announces Integration With Polygon Network for Enhanced User Experience
Binance NFT marketplace, users will have the ability to purchase, deposit, withdraw, and list NFTs from the Polygon network.
Cryptocurrency exchange giant Binance Non-fungible-token has to express adding support for the Polygon network.
By integrating the Polygon network, users will have the opportunity to discover and exchange a broader range of NFTs across various blockchains, such as BNB Smart Chain (BSC), Ethereum (ETH) network, and Polygon, all through their Binance accounts.
Binance's NFT marketplace has adopted a prudent strategy when it comes to NFT listings. Consequently, the marketplace has announced that not all NFT collections will be accessible for the time being.
According to the Binance blog post, only ERC-721 NFT collections on the Polygon Network are available on the Binance NFT marketplace.
Additionally, to withdraw Polygon NFTs, users must have the native token of the Polygon network, MATIC, in their spot wallets.
Binance has also stated that it will conduct periodic evaluations of NFT listings and delist any that are found to violate the marketplace's regulations.
"Users can report NFTs and NFT collections that potentially violate Binance NFT's Mining Rules and Terms of service to Binance NFT the moderation team will actively investigate any user report of fraudulent or malicious content before taking the necessary action"
Related: Rarible provides marketplace builder for Polygon-based NFT collection