An official notice from Binance states that the marketplace will stop supporting Polygon NFT on September 26th. Users will then be unable to purchase or list Polygon NFTs on the platform, all affected listings will be canceled and assets will be returned to users’ accounts.
“Users must withdraw their NFTs through the Polygon network from the Binance NFT Marketplace by December 31, 2024, 23:59 UTC,” the notice reads.
The cryptocurrency exchange is also ending its staking program for metaverse NFTs The Sandbox (SAND). Starting September 26th, users will no longer be able to bid LAND NFTs on Polygon to earn rewards. All LAND NFTs currently listed on the Binance NFT Marketplace will be automatically disabled and returned to Binance user accounts after September 28th.
Earlier, Polygon Labs founder Sandeep Nailwal denied data from the Lookonchain service that the Polygon Foundation transferred MATIC crypto assets worth $5.5 million to the largest crypto exchange Binance for sale.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
