Kraken Launched Its NFT Marketplace Beta Version

Key Points:

• Crypto exchange Kraken introduces the NFT marketplace in beta. Over 110 of the most well-known NFT collections available today were included in the platform’s initial offering, including Bored Ape Yacht Club, Azuki, Doodles, CryptoPunks, and more.

• Currently, only blockchains running on Ethereum or Solana can host included collections; however, additional blockchains are anticipated to be added in the future.

The crypto exchange Kraken launched its NFT marketplace beta version on December 22 and opened it to all customers with an offering of over 110 of the most popular NFT collections of today.

The platform has included more than 110 NFT series, such as BAYC, Azuki, Doodles, and CryptoPunks. For now, included collections can only be those which reside on the Ethereum or Solana blockchains; however, more blockchains are expected to be added in the future.

Subsequent Kraken NFT will add more blockchain support. Users can trade NFT without paying gas fees and can bid with fiat currencies supported by Kraken and cryptocurrencies, including Bitcoin, Ethereum, Solana, and Dogecoin.

However, there are costs associated with transferor NFTs from the exchange to another platform, which further encourages users to stay loyal.

Additionally, Kraken NFT offers users the chance to base their bids and offers on how highly sought-after they believe specific assets to be, similar to other NFT marketplaces.

Users only need to create a single wallet for purchases, sales, and trades because the platform’s entire idea is to allow collectors to join, discover, and securely exchange digital cryptocurrency treasures across the Kraken ecosystem (irrespective of how many blockchains are added).

Jesse Powell, Kraken Co-Founder & CEO, stated:

“As a secure gateway complete with curated collections and a host of unique features, we believe Kraken NFT will be the destination of choice for collectors from all backgrounds.”

The exchange presently supports over 200 different cryptocurrencies and eight different world currencies to make sure that it is as open as possible to potential buyers.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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