Binance Drops Bitcoin NFTs Citing Network Issues; Market Interest Wanes Despite Some Investment

• Binance stops supporting Bitcoin NFTs, citing streamlining of product offerings; users must withdraw Bitcoin NFTs by May 18 • Trading volume and buyers for NFTs at multi-year lows despite late 2022 resurgence
• Bitcoin NFTs caused major network congestion in December, exposing vulnerability per developer • While interest in Bitcoin NFTs has waned, investment continues with $3M raised by Ordinals wallet Oyl • Binance users no longer eligible for future Bitcoin NFT airdrops