Binance Ends Sandbox NFT Staking Program and Removes NFTs on Polygon Network
You can no longer participate in Binance’s Sandbox NFT Staking Program as the exchange has decided to end it by the end of this month. Additionally, you will not be able to stake LAND NFTs hosted on the Polygon network on the Binance NFT Marketplace. This move is part of Binance’s effort to enhance its product offerings on the marketplace.
Changes in NFT Support on Polygon Network
Binance has announced that starting from September 26, you will no longer be able to stake your LAND NFTs on the Polygon Network to earn SAND rewards. All LAND NFTs will be automatically unstaked and returned to your accounts by the end of this month. Furthermore, Binance will remove support for NFTs on the Polygon network from September 26. You must withdraw your NFTs from the Polygon network on Binance NFT Marketplace by December 31. After that, buying, depositing, offering, or listing NFTs from the Polygon Network on Binance NFT Marketplace will be completely discontinued.
Binance Delists Cardano and Polygon Trading Pairs
Following the lawsuits by the SEC and CFTC, Binance has been delisting and removing Cardano and Polygon spot, margin, and perpetual trading pairs. On August 17, Binance delisted Cardano (ADA) and Polygon (MATIC) perpetual contracts in BUSD pairs. Additionally, on September 1, the exchange removed Cardano (ADA), Polygon (MATIC), and 37 other liquidity pools.
Hot Take
These recent developments by Binance reflect the dynamic nature of the crypto market and the need for platforms to adapt and optimize their offerings. As a crypto enthusiast, it’s important to stay updated on such changes to make informed decisions and navigate the evolving landscape of cryptocurrencies and NFTs.
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