Binance nft, a non-fungible token marketplace created by cryptocurrency exchange giant Binance that combines typical nft trading functionality with the ability to mint nfts, has announced plans to stop supporting bitcoin-based nft collections.
Binance will stop supporting bitcoin nfts
On April 4 nft-update-on-bitcoin–nfts-2c2fb8f1f5e9421e8f777407a58df111″>Press release, the Binance nft marketplace confirmed its plans to stop supporting bitcoin-based nft collections by April 8, 2024. The nft marketplace has stated that the upcoming shocking plan is part of its ongoing efforts to optimize product offerings in the Binance nft marketplace. Users have until May 5, 2024 to withdraw their nfts.
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ONLY IN: twitter.com/hashtag/Binance?src=hash&ref_src=twsrc%5Etfw”>#Binance announced that it will stop supporting bitcoin nft trading and deposits on its nft marketplace starting April 18, 2024.
Users must withdraw their bitcoin nfts by May 18, 2024.
– Satoshi Club (@esatoshiclub) twitter.com/esatoshiclub/status/1775834700134727900?ref_src=twsrc%5Etfw”>April 4, 2024
Launched in June 2021, Binance nft is a digital marketplace platform that provides cryptocurrency users with the opportunity to create, sell, buy, bid, collect, exchange, display and transact digital blockchain collectibles, which can be represented as a bonded non-fungible token. with certain digital media and art.
Binance nft Marketplace, initially created for digital collectibles powered by BNB Smart Chain, began as a single-chain non-fungible token marketplace platform. Over the past three years, Binance nft has rapidly evolved into a multi-chain open market ecosystem.
Binance nft Market place now allows users to explore and trade a wider variety of digital collectibles across multiple blockchains, including its native BNB Smart Chain (BSC), bitcoin network (btc), ethereum network (eth), and the Polygon network (MATIC). , directly from your Binance accounts.
Binance on Runestone nfts
Starting in the middle of this month, users will no longer be able to purchase, deposit, bid, or list nfts on the Binance nft Marketplace via the bitcoin network. This nft stop order will apply to all bitcoin nft users, including cryptocurrency users who own the newly launched Runestone nft series.
Meanwhile, Binance nft has distributed Runestone nft to Binance users eligible for the Runestone airdrop. Therefore, Runestone nft users are strongly recommended to withdraw their nfts before April 10, 2024, to ensure that they still have the opportunity to receive tokens, utilities and associated benefits after April 10, 2024. Binance does not will be responsible for any losses incurred. if users do not withdraw their nfts before the established deadline.
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