Binance has expanded its non-fungible token (NFT) ecosystem with the addition of the Polygon chain. But it only supports selected collections.
Binance announced the integration of the Polygon network into its marketplace. With this integration, the marketplace now supports BNB Smart Chain, the Ethereum network, and Polygon network.
But Not All Collection Supported
Binance opened its door to the Polygon network NFTs but would only allow selected ERC 721 collections. However, the platform mentioned adding more collections “on a regular basis.”
In January, the marketplace tightened its listing rules “to prevent the creation of low-quality NFTs and misuse of this feature.” Further, it declared to conduct periodic reviews of listed NFT collections.
Riding the artificial intelligence (AI) wave, Binance launched a beta version of its Bicasso profile picture generator on Mar. 1. The AI platform turns creative visions into NFTs through prompts or by uploading images. Its first pilot minted 10,000 NFTs and was completed in around 2.5 hours.
Got something to say about this article or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or Twitter.
For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.
Main content of the article:
Binance has integrated the Polygon network into its marketplace, expanding its non-fungible token (NFT) ecosystem. The marketplace now supports the BNB Smart Chain, Ethereum network, and Polygon network, although not all ERC 721 collectibles are supported, with Binance only allowing selected collections. The company said it would add more collections “on a regular basis” and would conduct periodic reviews of the NFT collections listed. Binance had earlier tightened its listing rules in January to prevent the creation of low-quality NFTs and misuse of this feature. Earlier this month, Binance launched Bicasso, an AI-powered platform to turn creative visions into NFTs.