Polygon is now part of the blockchain backed by Binance NFT, the NFT division of the Binance cryptocurrency exchange. This move is believed to help the Binance community's NFT ecosystem grow further.
Binance NFT market users can now use their Binance account to trade NFT on other blockchains, including Ethereum, BNB Smart Chain and Polygon. This can be realized following the new integration.
Binance however is still taking a cautious approach to listing NFTs despite these revelations. NFT Markets informs that not all NFT collections will be accessible immediately. Only the dedicated ERC-721 collection in the Polygon network is accessible on the Binance NFT market for now.
On January 19, the NFT platform said it would delist NFTs with daily trading volumes below $1,000. Additionally, the number of NFTs a creator may produce each day is limited by the exchange. Binance also said it will constantly check NFT listings and suggest delisting NFTs that don't match its requirements.
At the same time Binance is also paying attention to AI as it becomes more useful in the Web3 ecosystem. Binance CEO Changpeng Zhao said on March 2 that the company's artificial intelligence-powered NFT generator Bicasso went live and produced 10,000 NFTs in 2.5 hours.
The initial success of the AI was overshadowed by the controversy that surrounded it from the beginning. One of the hackathon winners from BNB Chain claimed that Binance stole and copied their product Chatcasso a day after Bicasso was released. However, Binance denied this and a Binance spokesperson stated that Bicasso was created independently more than two weeks before the hackathon.
