Binance NFT adds support for polygon NFTs to its NFT leaderboard

Leading crypto exchange Binance, through its non-fungible token market platform, has added support for Polygon NFTs to its new NFT ranking feature. NFT traders can now explore and buy tokens on the Polygon network directly on the Binance NFT homepage leaderboard.

Explore and trade polygon NFTs on the Binance homepage

In a May 24 blog post, the Binance NFT market platform confirmed the expansion of its service offering to allow collectors to purchase NFT collections hosted on the Polygon network of the NFT leaderboard. Binance recently bypassed the need to create a separate wallet for Polygon NFTs.

Polygon NFTs are now available on the Binance NFT homepage “Top Collections” leaderboard.

Explore and trade more NFTs than ever before in one place!

Head over to our marketplace now and try it out:

— Binance NFT (@TheBinanceNFT) 24 May 2023

Binance NFT first announced support for polygon NFTs earlier in March. The recent integration allows traders to easily trade NFTs on multiple blockchains. This includes BNB Smart Chain, Ethereum and Polygon, an Ethereum scaling solution, using their initial Binance-based accounts.

Under the new integration, NFT collectors can now seamlessly explore and trade Polygon non-fungible tokens on the Binance NFT homepage “Top NFT Collection” leaderboard. Users can navigate the Polygon logo to explore the Polygon NFT collection.

According to the official blog post, the new feature is available for select NFT collections on the Polygon network. Binance NFT marketplace has already listed ten collections and plans to integrate more on a regular basis. The platform requires users to hold Polygon’s native token, MATIC, in their spot wallets to trade Polygon NFTs.

Binance set to support Bitcoin NFTs soon

The new NFT feature comes a few days after Binance announced plans to support NFTs hosted on the Bitcoin blockchain. Launched earlier this year, Bitcoin NFTs are non-fungible tokens created by linking data to individual satoshis, the smallest denomination of Bitcoin, on the blockchain.

Binance NFT x Bitcoin Ordinals

🔶 Bitcoin NFTs are coming to our marketplace soon, offering more opportunities for collectors and creators in our multi-chain ecosystem.

Here’s everything you need to know 🧵

— Binance NFT (@TheBinanceNFT) 9 May 2023

Although Binance has not set the exact date for when support will begin, collectors will soon be buying, selling and trading inscriptions or non-fungible tokens created on the Bitcoin network, expanding the reach of the nascent Ordinals ecosystem.

To attract the masses from the Bitcoin NFT ecosystem, Binance will allow traders to purchase Bitcoin-based NFTs with their Binance accounts, simplifying the purchase process for all users. Commenting on the long-awaited support, Binance Chief Product Officer Mayur Kamat said:

“Bitcoin is the OG of crypto. We believe things are just getting started here and can’t wait to see what the future holds in this space.”

Meanwhile, demand for Bitcoin oracles continues to rise across major NFT marketplaces. In March, the Magic Eden NFT Marketplace added support for Bitcoin NFTs. According to Dune Analytics, more than 9 million have been entered, raising $40 million in recurring fees.

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