cryptopotato.com
Binance doubled down its efforts on the non-fungible token sector as it announced support for Bitcoin NFTs on Tuesday amidst severe turmoil in the crypto industry.
The exchange’s $NFT marketplace is the latest contender to step into the Bitcoin NFTs ring following Magic Eden’s support for the same.
- According to the latest update, the newly added list includes Bitcoin Bandits, Bitcoin Frogs, Bitcoin Pizzas, Bitcoin Punks, Bitcoin Wizards, Block Legends, BTC DeGods, Clay Pepes, DogePunks, etc.
- Binance said the NFTs in question are based on the Inscription ID list provided by the project team.
“You can now buy, deposit, withdraw, and list specific $NFT collections from the Bitcoin blockchain on Binance $NFT.”
- Going forward, Binance plans to integrate more collections into its $NFT marketplace.
- The crypto giant recently launched a new feature that enabled users to borrow crypto while using their NFTs as collateral.
- The loans were made available for select high-profile $NFT projects only, such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, and Doodles, to name a few.
- The crypto heavyweight also dipped its toes into the buzzy Bitcoin-based market after announcing support for Ordinals inscriptions on its $NFT marketplace last month.
- Binance $NFT Marketplace expanded its roster of supported networks in the first quarter of this year when it added certain $NFT collections from Polygon to the platform, alongside NFTs on Ethereum and BNB Chain.
- The latest development comes a day after the Securities and Exchange Commission (SEC) filed 13 charges against the platform and its founder CZ.