Binance NFT Ends Support For Sandbox NFT Staking, Polygon
Binance NFT has revealed its decision to discontinue The Sandbox NFT Staking Program, effective from September 26, 2023, at 06:00 (UTC). This move comes as a result of a meticulous review and evaluation process, aligning with Binance NFT’s strategy to streamline its product offerings on the NFT Marketplace.
Important Update: Binance NFT Marketplace will be discounting The Sandbox NFT Staking Program and remove Polygon Network with effect from 2023-09-26 06:00 (UTC).
Read more ➡️ https://t.co/rnk78i0rTw
— Binance NFT (@TheBinanceNFT) September 8, 2023
Polygon Network Support Ends
As of the specified date and time, users will no longer have the option to stake LAND NFTs that are hosted on the Polygon Network on Binance NFT Marketplace in exchange for daily The Sandbox (SAND) rewards. Any existing LAND NFTs staked on Binance NFT Marketplace will automatically be unstaked on September 27, 2023 (UTC). Users can expect to see these unstaked assets returned to their Binance accounts after September 28, 2023, at 02:00 (UTC). Additionally, the last round of daily SAND rewards will be automatically distributed to users’ Spot wallets after the same date and time.
Furthermore, Binance NFT will no longer support the Polygon Network starting from September 26, 2023, at 06:00 (UTC). In light of this, users are advised to withdraw their NFTs via the Polygon Network from Binance NFT Marketplace before December 31, 2023, at 23:59 (UTC). Detailed instructions for affected users will be provided at a later date.
Timeline of Changes
With effect from September 26, 2023, at 06:00 (UTC), users will not be able to engage in activities such as buying, depositing, offering, or listing NFTs associated with the Polygon Network on Binance NFT Marketplace. All listings impacted by this change will be automatically canceled as of September 26, 2023, at 06:00 (UTC). Users can anticipate the return of their corresponding Polygon Network NFTs to their accounts after September 28, 2023, at 02:00 (UTC).
Read More: ConsenSys Announces Launch Of Decentralized Infura
Binance NFT’s decision to discontinue The Sandbox NFT Staking Program and withdraw support for the Polygon Network aims to enhance the platform’s focus and provide users with a more streamlined and optimized experience. Users are encouraged to take note of these important changes and take appropriate actions in line with the provided timelines.
