Many well-known NFTs are among the collections that Binance has chosen to remove from its marketplace.
An Effort To Safeguard Users
Rainbow STEPN x ASICS NFT, The Crazzy Lions, BSC Ape Yacht Club, New Moon, Meta Ape Yacht Club, Bluepunks, Space Degen Gang, Crypto Lionesses, Mutant Ape Yacht Clubs, Cyber Punk Yacht Club, Ethereum Official, Unique Bears, Lady Ape Club, and most importantly, Binance Bored Ape are among the NFTs that will be eliminated.
In the release post, Binance stated that they have examined each NFT collection that is published on the Binance NFT Marketplace to make sure that they all adhere to the high standards they demand. The ones that did not adhere to the criteria for removal from the market were then listed by the exchange. Typically, Binance follows this approach to safeguard its users.
Owners Of NFTs Will Get Their NFTs In Their Profiles
Users won’t be able to trade, deposit, or list NFTs from the specified collections on the Binance NFT Marketplace after January 18, 2023, 23:59 (UTC). On the specified day, Binance will detach the NFTs posted on the website from their owners. Following that, they will add them back to their accounts under “Profile > Collected NFTs.”
Only on the same day will the deposits for NFTs made from these collections be made available. Withdrawals from certain NFTs will nonetheless be permitted.
The platform’s moderation staff will look into any reports of collections that are in violation of Binance NFT’s terms and conditions. Additionally, reports of harmful or fraudulent content will be investigated. If there is a conflict between the original and the translated version, the English version will take precedence.