Binance has announced it has made a decision to phase out support for non-fungible tokens (NFTs) on the Bitcoin network, which it recently introduced to its marketplace.
This decision is part of the platform's efforts to simplify its product offering and focus on other areas of Binance's NFT marketplace.
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Trading and deposits of Bitcoin Ordinals, also known as Bitcoin NFTs, will no longer be supported as of April 18. Users are advised to withdraw their Bitcoin NFTs from the Binance NFT marketplace by May 18, 2024.
In addition, airdrops, benefits and related utilities for these NFTs will cease to be offered after April 10, 2024.