“IT MARKS JUST THE BEGINNING OF OUR GREAT SUPPORT FOR THE NFT COMMUNITY!” – ZHOU

According to a SafePal announcement, their hardware wallet and wallet app have been updated to support Non-Fungible Tokens (NFTs) on the Solana and Polygon blockchains.
After considering user behavior and market conditions, SafePal decided to add support for Solana NFTs and Polygon ERC721 NFTs.
Users can use both blockchains to interact with NFT assets on the SafePal wallet after updating to the most recent version.

Here are the steps for activating users’ most recent SafePal wallet version.
A thorough history of the project’s application updates is also available to users.

Solana has become a well-liked alternative blockchain due to its lower costs, quicker transactions, and significantly less energy consumption.
Solana NFT has made $2.5 billion in income in less than a year, coming in third behind Ronin and Ethereum.

Solana has drawn a lot of attention in the ecosystem for its next-generation NFT initiatives, including @DeGodsNFT, @SolanaMBS, and @okaybears.
As a result, HyperSpace reports that Solana NFT’s market capitalization has increased to $725 million, with recent weeks seeing a sharp increase in trading volume.

Furthermore, the ecosystem is now active due to the expansion of StepN and the move-to-earn trend.
Despite the dire state of the market at the moment, StepN continues to provide new developments, such as the release of realm three on ETH and the announcement of a $122.2M Q2 profit.

For Polygon, NFTs are currently moving from potential to reality.
Early in 2021, the market-leading NFT Marketplace OpenSea launched on Polygon, swiftly rising to the top of the NFT trading platforms within the Polygon ecosystem.
With $453 million in total sales, Polygon’s all-time NFT sales are ranked sixth on the market.

In the second quarter of 2022, OpenSea discovered 1.2 million new NFT wallets online on Polygon, increasing the total number of unique active wallets by 47% to 1.51 million.
Trading volume increased by 47% to $122.45 million, outpacing the 64 percent decline in the aggregate USD value of NFT transactions.

Additionally, established companies wishing to start their NFT projects increasingly use Polygon as their blockchain of choice.
For instance, Reddit has set up an NFT avatar exchange, Facebook has started testing NFTs with Polygon, and partners Prada and Adidas have started their NFT projects utilizing Polygon.
Additionally, about 50 Terra platforms, mostly NFT-focused, were moved to Polygon Studio after $LUNA’s collapse in May.

Binance Labs has invested in the innovative cryptocurrency wallet concept SafePal, which is also seeking funding on Binance Launchpad.

The SafePal project’s long-term viability depends on deliberately building and bolstering connections with other blockchains and their users and its foundation on Binance.