Monday, 25 October 2021 13:44

Binance NFT Marketplace incorporates NFT deposit and withdrawal service

Written by Evelyn Alas

It has been seen in recent months and it is enough to be aware of Binance updates, to realize that the platform has added a number of services that improve the user experience within the same, from the time to acquire a cryptocurrency on the exchange, perform operations during trading, to the new that has incorporated Binance Non Fungible Token (NFT) Marketplace, which are the deposits and withdrawals NFT.

The NFT world, which began to grow at the beginning of 2021, shows no signs of stopping and Binance points out that some brands, artists and digital content creators are earning millions with the sale of their unique works of art, and the more exchanges of transactions increase, the more efforts to supply services in the crowded marketplace increase.

Binance notes that during october 2021, the announcement was made official that the leading cryptocurrency exchange integrated its NFT marketplace with multi-chain support for NFT withdrawals and deposits. But what will this new service be used for? To allow the user to transfer their NFTs to and from Binance Smart Chain and Ethereum.

What is the Binance Smart Chain?

Binance Smart Chain is a blockchain ecosystem, which was developed by Binance and currently complements Binance Chain, thus managing the decentralized exchange.

NFT withdrawals are made by connecting a wallet to the Binance account, such as MetaMask.

In this way Binance demonstrates once again that it is upgrading its services and standing out as one of the cryptocurrency exchange companies preferred by the crypto community.

For more information you can visit: 

https://www.binance.com/en/support/announcement/264142289acf48879147eaf4348d29b1