NFTs
Binance NFT ceases support for Bitcoin NFTs
Binance NFT, the NFT marketplace offered by major cryptocurrency exchange Binance, recently made a major update regarding Bitcoin NFTs. In an official announcement, Binance NFT stated that it will end support for trading and depositing Bitcoin NFTs on its platform.
According to the announcement, users are advised to withdraw their Bitcoin NFTs from the Binance NFT Marketplace via the Bitcoin network before May 18, 2024, to ensure they maintain ownership and control over their assets. After April 18, 2024, users will no longer be able to buy, deposit, bid on, or list NFTs on the Binance NFT Marketplace using the Bitcoin network.
It is important to note that all affected listing orders will be automatically canceled at the specified date and time. Additionally, Binance NFT clarified that it will not support any other airdrops, benefits, or utilities associated with Bitcoin NFTs after April 10, 2024.
The announcement also addressed Runestone NFTs. Binance NFT has confirmed that for users eligible for the Runestone airdrop, NFTs have already been distributed to their Binance NFT accounts. However, users are advised to withdraw these NFTs before April 10, 2024, to ensure they have the opportunity to receive any associated tokens, utilities, and benefits.
It is important that users observe the specified deadlines and ensure that they withdraw their Bitcoin NFTs and Runestone NFTs accordingly. Failure to do so may result in the loss of tokens and associated benefits.
Binance NFT has emphasized that trading of Runestone NFTs will not be supported on its platform. Users who have questions or concerns regarding these updates are encouraged to contact the Customer Support team for assistance.
As with any investment, it is crucial to understand the risks involved. The value of NFTs can be volatile and users should be aware that NFTs are subject to high market risk. Binance reminds users to exercise caution and make informed decisions when participating in the NFT market.
In conclusion, Binance NFT announced the cessation of support for Bitcoin NFTs on its marketplace. Users are advised to withdraw their Bitcoin NFTs before May 18, 2024, and to withdraw Runestone NFTs before April 10, 2024, to ensure they maintain access to the tokens, utilities and associated benefits. For more information and assistance, users can contact the Binance NFT Customer Support team.
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