- Only specific ERC-721 collections in the Polygon network are presently accessible.
- Earlier, the NFT platform said it will delist NFTs with daily trade volume below $1,000.
Polygon has been added as a supported blockchain by Binance NFT, the NFT division of the cryptocurrency exchange Binance. This step, according to the release, would help the Binance community’s NFT ecosystem grow even further.
Users of the Binance NFT marketplace may now use their Binance accounts to trade NFTs on other blockchains, including Ethereum, BNB Smart Chain, and Polygon, thanks to the new integration. Binance is still taking a cautious approach to list NFTs, despite the revelation. The NFT marketplace said in its release that not all NFT collections will be accessible immediately. Only specific ERC-721 collections in the Polygon network are presently accessible on the Binance NFT marketplace.
On January 19, the NFT platform said it will delist NFTs with daily trade volume below $1,000. In addition, the number of NFTs that creators may mint each day is capped by the exchange. Binance also said it will regularly examine NFT listings and suggest delisting those that did not match its requirements.
Banking on AI
Similarly, Binance is investigating AI as it becomes more prevalent in the Web3 ecosystem. Binance CEO Changpeng Zhao said on March 2 that the company’s artificial intelligence-powered NFT generator Bicasso had gone live and minted 10,000 NFTs in 2.5 hours.
The AI tool’s early success was overshadowed by the controversy that followed it from the start. A hackathon winner from BNB Chain claimed that Binance stole and copied their product Chatcasso the day after Bicasso was released. The conversation debunks the allegations by highlighting the similarities between NFTs and AI. According to Binance’s spokespersons, Bicasso was created independently more than two weeks before the hackathon.
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