SECTION // NFT
Binance has moved to close its centralized NFT marketplace and gave users a deadline to withdraw assets. The decision arrives during a prolonged contraction in NFT trading compared with the market’s 2021-2022 peak.
The shutdown is a reminder that an NFT may exist onchain while access, discovery and custody remain dependent on centralized interfaces. Users who leave assets inside a platform can still face deadlines and service risk.
The NFT thesis is not erased, but the market is being forced to separate durable digital ownership from temporary marketplace incentives. Self-custody, useful rights and persistent communities now matter more than launch-day volume.
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NEIKLO editorial note: This report summarizes publicly available information and is not financial advice.