Binance NFT market will adjust NFT minting fees and requirements on February 16

ChainCatcher news, Binance NFT marketplace announced that to prevent abuse of the NFT minting feature and the creation of low-quality NFTs, the Binance NFT marketplace will implement new NFT minting fees and requirements starting from February 16, 7:59 AM Beijing time. After this, only verified users with at least 10 followers on Binance NFT will be able to mint NFTs; each NFT will require a fixed minting fee, which includes smart contract deployment fees and service fees. The minting fee for NFT series on the Ethereum chain is 0.5 ETH, and on the BNB Chain, it is 1 BNB. (source link)