Binance shifts NFT service to Binance Wallet on July 3

Transferable NFTs left unwithdrawn by the deadline will no longer be accessible as the exchange completes the migration, The Block said.

Summary

Binance completed the migration of its NFT service to Binance Wallet on July 3, marking a shift in how users access eligible NFT holdings on the platform. Transferable NFTs that were not withdrawn by the deadline will no longer be accessible, according to The Block. The move points to Binance consolidating NFT access within its wallet product rather than the previous service setup.

Terms & Concepts
  • NFT: Non-fungible token, a unique digital asset.
  • Binance Wallet: Binance’s wallet product for holding and accessing digital assets.