On January 19, Binance announced that it wouldstrictwith the rules for listing more NFT tokens from February 2, 2023.
Binance will delete all NFTs listed before October 2, 2022 and whose average daily trading volume was below $1000 between November 1, 2022 and January 31, 2023. Additionally, after January 21, 2023, NFT artists will Only a maximum of five digital collectibles can be created per day.
Binance NFT requires sellers to complete Know Your Customer (KYC) verification. and must have at least two followers before listing on the platform. In addition to the revised rules, Binance said it would “review periodically” the list of NFTs that did not “meet standards” and recommended delisting.
“Users can report NFTs or collections that may violate Binance NFT rules and terms of service. Our review team will rigorously review reports of fraud or rule violations and take appropriate action.”
All digital collectibles that do not meet both requirements. It will be automatically deleted by February 2nd, 2023. The removed assets will still appear in the user’s wallet thereafter.
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