Binance NFT adds Polygon network support to its marketplace


Binance NFT, the nonfungible token (NFT) arm of crypto trade Binance, has introduced that the Polygon community has been included in its supported blockchains inside the market. 

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According to the announcement, the transfer additional expands the NFT ecosystem inside the Binance community. With the brand new integration, customers of the Binance NFT market can commerce NFTs on numerous blockchains like Ethereum, BNB Good Chain and Polygon utilizing their Binance accounts. 

Regardless of the announcement, Binance remains to be protecting a strict method to its NFT listings. Throughout the announcement, the NFT market highlighted that not all NFT collections can be out there in the mean time. They wrote:

“At the moment, solely chosen ERC-721 NFT Collections on the Polygon community can be found on the Binance NFT Market. Binance NFT will combine extra NFT collections regularly.”

On Jan. 19, the NFT platform tightened its guidelines on NFT listings, saying it will delist NFTs with each day buying and selling quantity decrease than $1,000. As well as, the trade additionally restricted the variety of NFTs that artists can mint per day. Other than this, Binance additionally mentioned it will overview NFT listings periodically and suggest these that don’t meet its requirements for delisting.

Associated: Binance launches anti-scam marketing campaign after Hong Kong pilot run

In the meantime, with synthetic intelligence (AI) discovering its means into the Web3 area, Binance can be exploring AI. On March 2, Binance CEO Changpeng Zhao introduced that its AI-powered NFT generator referred to as “Bicasso” has launched and minted 10,000 NFTs in simply 2.5 hours.

Regardless of its preliminary success, the AI software was instantly haunted by controversy. A day after the launch of Bicasso, a BNB Chain hackathon winner accused Binance of stealing and copying their mission referred to as “Chatcasso.” The trade dismissed the accusations and identified that NFTs and AI are widespread ideas. A Binance spokesperson instructed Cointelegraph that Bicasso was developed independently greater than two weeks earlier than the hackathon.

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