Binance NFT Discontinues The Sandbox NFT Staking Program and Polygon Network Support
Crypto News – Binance NFT has officially announced the discontinuation of The Sandbox NFT Staking Program, effective September 26, 2023, at 06:00 (UTC). Following this date, users will no longer have the option to stake their LAND NFTs on the Polygon Network to earn daily rewards in The Sandbox’s SAND token.
All currently staked LAND NFTs on the Binance NFT Marketplace will undergo automatic unstaking on September 27, 2023. These unstaked NFTs will then be returned to users’ Binance accounts, a process set to commence on or after September 28, 2023, at 02:00 (UTC). Additionally, the final batch of daily SAND rewards will be distributed automatically to users’ Spot wallets after September 28, 2023, at 02:00 (UTC).
Furthermore, beginning September 26, 2023, Binance NFT will no longer extend support to the Polygon Network. Users are strongly advised to complete the withdrawal of their NFTs via the Polygon Network from the Binance Marketplace by December 31, 2023, at 23:59 (UTC).
As of September 26, 2023, users will be unable to initiate new purchases, deposits, offers, or listings of NFTs from the Polygon Network on the Binance NFT Marketplace. All affected listings will be automatically canceled on September 26, 2023, at 06:00 (UTC), and the corresponding Polygon Network NFTs will be returned to users’ accounts on or after September 28, 2023, at 02:00 (UTC).