Binance Adds Polygon Support for NFT Marketplace
TL;DR Binance has integrated the Polygon network into its NFT marketplace. It will only support selected ERC 721 collections for now but plans to add more on a regular basis.
Binance has expanded its non-fungible token (NFT) ecosystem with the addition of the Polygon chain. But it only supports selected collections.
Binance announced the integration of the Polygon network into its marketplace. With this integration, the marketplace now supports BNB Smart Chain, the Ethereum network, and Polygon network.
Users can now buy, sell, deposit and withdraw NFTs on the Polygon network 🫡
But Not All Collection Supported
Binance opened its door to the Polygon network NFTs but would only allow selected ERC 721 collections. However, the platform mentioned adding more collections “on a regular basis.”
In January, the marketplace tightened its listing rules “to prevent the creation of low-quality NFTs and misuse of this feature.” Further, it declared to conduct periodic reviews of listed NFT collections.
Riding the artificial intelligence (AI) wave, Binance launched a beta version of its Bicasso profile picture generator on Mar. 1. The AI platform turns creative visions into NFTs through prompts or by uploading images. Its first pilot minted 10,000 NFTs and was completed in around 2.5 hours.
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