Binance’s NFT marketplace now supports non-fungible tokens from the Polygon blockchain network (MATIC).
Indeed, Binance’s NFT marketplace offers a complete platform specifically dedicated to non-fungible tokens of the BNB Chain and Ethereum blockchains. The platform continues its development by announcing that it now supports non-fungible tokens of the Polygon blockchain network (MATIC).
As of June 2021, Binance has its own non-fungible token (NFT) marketplace, dubbed Binance NFT. As with any self-respecting platform of its kind, it is possible to buy or sell NFTs, and even create your own collections.
From now on, Binance NFT accepts NFTs from the blockchain networks BNB Smart Chain (BSC), Ethereum (ETH) and Polygon (MATIC).
Binance specifies that only certain NFT ERC-721 collections on the Polygon network are available on the Binance NFT marketplace which will regularly integrate more NFT collections.
In order to withdraw Polygon NFTs from the platform, users will need to hold MATIC tokens in their wallet.
The crypto exchange also reminds that users must perform identity verification (KYC) in order to list and trade NFTs on the Binance NFT marketplace.