Binance, the big crypto exchange, is saying bye-bye to NFTs from the Polygon Network. This is happening less than a year after they said hi to these NFTs.
So, what’s the deal? Well, you’ve got until the end of this month to buy, sell, or list your Polygon NFTs on Binance. But if you’re not ready by then, you’ve got until the end of this year to kiss them goodbye from Binance’s platform.
Why are they doing this? Binance says it’s part of their big plan to tidy up their product list. They’re also stopping a staking program tied to NFTs from The Sandbox, this cool gaming platform on the Polygon Network. Back in March, Binance was all about becoming this marketplace where lots of chains could join the party.
But it’s not all rainbows and sunshine for Binance. They’ve been dealing with some tough stuff, like legal troubles from the U.S. CFTC and SEC. But hey, they’re not backing down.
There’s more drama too. Some top folks, like Patrick Hillmann, their Chief Strategy Officer, and Han Ng, their General Counsel, are heading for the exit. There are even whispers about regional bigwigs leaving the company. Binance’s CEO, Changpeng Zhao, says, “Hold on a sec!” He’s claiming they’ve got a pretty steady team for a company their size.
So, this whole Polygon NFT breakup is part of Binance’s plan to focus better. They recently ditched support for their own stablecoin, BUSD, and their crypto card hookups with Visa and Mastercard in a few places.
But don’t worry, Binance’s NFT marketplace is still open for business with three blockchain pals: BNB Chain, Ethereum, and Bitcoin. No word yet from Binance, Polygon, or The Sandbox about these changes.