Binance, a cryptocurrency exchange, is discontinuing its support for the Polygon Network on its NFT platform. Users are advised to withdraw their Polygon NFTs from the Binance NFT Marketplace by the end of the year.
Binance’s NFT marketplace is discontinuing its support for the Polygon Network. The platform will stop supporting Polygon NFTs starting from September 26 at 6:00 UTC. This means users won’t be able to purchase or list Polygon NFTs on Binance’s platform, and any affected listings will be canceled, according to a statement released by Binance.
Users who have Polygon NFTs on Binance NFT Marketplace are advised to withdraw them via the Polygon Network before December 31, 2024, at 23:59 UTC.
Binance is discontinuing its NFT staking program for The Sandbox, which means users won’t be able to stake LAND NFTs on Polygon to earn rewards after September 26.
Binance clarified that this decision was made after a thorough assessment and is part of their ongoing efforts to simplify their product offerings on Binance NFT Marketplace.
Sandbox NFTs
The Sandbox NFT collection is one of the top-traded NFT collections on Binance’s marketplace. It currently has a minimum price of 899.15 MATIC (equivalent to $494) and has seen a total trading volume of 20.2 million MATIC (approximately $11.1 million).
Following the removal of Polygon support, Binance NFT will continue to support three blockchains: BNB Chain, Ethereum, and Bitcoin.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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