Quick take:
- Binance NFT has expanded its chain support to include Polygon Network.
- Binance account holders will be able to trade BNB Smart Chain, Ethereum and Polygon NFTs.
- The Binance NFT marketplace previously only listed selected ERC-721 NFT Collections.
Binance NFT has announced a partnership with Polygon as part of its strategy of supporting multiple blockchains. The platform will now allow Binance Account holders to buy, deposit, withdraw and list NFTs from the Polygon network on the Binance NFT Marketplace.
Currently, only selected ERC-721 NFT collections on the Polygon blockchain are listed on the Binance NFT marketplace. The company said it will continue collaborating with quality NFT projects on the Polygon network.
Current Polygon-based NFTs listed on Binance NFT include Trump Digital Trading Cards, Polygon Ape Yacht Club, CyberKongz VX, Voxies, Crypto Unicorns Market and The Smurfs’ Society Access Crystals, among others.
Binance NFT is tapping into one of the most promising blockchains for NFT projects. Polygon has established a network of consumer-facing brands that are looking to leverage its infinitely scalable protocol for massive projects.
The likes of Starbucks and Reddit are some of the great examples that can be pointed out. These partnerships have allowed Polygon to attract more web3 projects into its ecosystem with Binance NFT joining the likes of OpenSea and Magic Eden.
On Binance’s side, the company wants to expand its NFT marketplace across multiple blockchains.
In the press statement released on Wednesday, Binance said: “The integration of Polygon network further elevates Binance NFT to a multi-chain, open marketplace ecosystem, where users can now explore and trade a wider variety of NFTs across multiple blockchains, including BNB Smart Chain (BSC), Ethereum (ETH) network, and Polygon (MATIC) network, from their Binance accounts.”
Both BNB Smart Chain and Polygon last year launched zero-knowledge proof-based scaling protocols (zkBNB and zkEVM), respectively allowing them to enable the development of web3 apps that boast the same scalability as their web2 counterparts.
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