To see the evolution of things, Binance is reportedly cleaning up. After having delisted certain cryptos criticized by the SEC and other regulators since the beginning of the year, the CZ cryptocurrency exchange has also gotten rid of its long-time friends. Recently we learned thatan NFT staking program on Sandbox has been suspended by Binance. And that’s not all. Decryption!
In short
- Binance announces the end of The Sandbox’s NFT staking program
- The crypto giant will no longer support Polygon (MATIC) on its NFT marketplace.
Binance, a series of divorces with crypto and NFT partners?
Attacked from all sides, Binance don’t think to throw in the towel anytime soon. CZ recently announced that the crypto exchange is here to stay. His legal team would appear ready to take on any lawyer representing a cryptocurrency regulatory institution.
Except that these virtual and verbal demonstrations of strength are also accompanied byinitiatives that suggest that Binance would have traded its survival in exchange for regularization.
“ Binance is ending its NFT staking program in The Sandbox and ending support for the Polygon (MATIC) network on the Binance Marketplace. »
Same story on its official website :
“ Dear Binancians,
Binance NFT will end The Sandbox NFT staking program on 2023-09-26 06:00 (UTC). This decision was made after careful consideration and evaluation, and is part of our ongoing efforts to streamline the product offering on Binance’s NFT Marketplace. »
Thus, from this indicated date, no user will be able to stake NFT LANDs deployed on Polygon on the Binance NFT Marketplace anymore which allows him to earn The Sandbox (SAND) cryptos every day as a daily rewards.
“ All NFT LAND currently staked on the Binance NFT Marketplace will be automatically divested on September 27, 2023 (UTC) and returned to users’ Binance accounts after September 28, 2023 at 02:00 (UTC). The latest SAND daily rewards will also be automatically distributed to users’ Spot wallets after September 29, 2023 at 02:00 (UTC) », Specifies the Binance team.
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