Polygon, a blockchain network known for its upcoming projects and partnerships, has achieved another significant milestone. On March 8th, Binance, a prominent cryptocurrency exchange, announced that its NFT marketplace now supports the Polygon network. Binance has added the Polygon network to its list of supported chains, which will benefit the exchange’s community and users.
With the recent move, Binance users can explore and trade non-fungible tokens (NFTs) on a broader range of blockchain networks. Users can now directly trade NFTs on three leading blockchain networks from their Binance accounts. This development is especially beneficial to Binance, which aims to expand the NFT ecosystem.
The announcement on Binance’s official website highlights the key advantages of the recent development. Users can buy, deposit, and withdraw NFTs from the Polygon network on the Binance NFT marketplace. Additionally, users can list NFTs from the Polygon network on the Binance NFT marketplace. Moreover, users who hold the Polygon (MATIC) token in their Binance spot wallets will be able to trade NFTs on the Binance NFT marketplace.
Binance’s NFT marketplace’s support for the Polygon network will likely increase the adoption of NFTs on this network. The Polygon network has experienced remarkable growth, with its technology being adopted by several leading blockchain networks. By adding the Polygon network to its supported chains, Binance has opened up new opportunities for its users and the broader NFT community.