Quick take:
- Kraken has launched its NFT marketplace beta to the public.
- The platform is one of the few NFT marketplaces that have chosen to respect creator fees.
- Collectors and traders can buy and sell NFTs at zero gas fees.
Kraken has joined the NFT race after launching the beta version of its creator-friendly marketplace to the public. The crypto company now joins the likes of Binance, Coinbase, Crypto.com and Bybit in a growing list of exchange platforms with dedicated non-fungible token (NFT) marketplaces.
According to the announcement on Thursday, Kraken’s NFT marketplace features zero gas fees and respects creator royalties, among other exciting tools. Kraken NFT will allow collectors and traders to securely buy and sell NFTs.
The platform was built from scratch and lays claim to being one of the most dynamic easy-to-use NFT marketplaces in the industry, enabling anyone from professional flippers to those just starting their collection to join the market.
“Since 2011, our mission has been to accelerate the adoption of cryptocurrencies with a secure platform that both protects client funds and offers a comprehensive range of products and services,” said Jesse Powell, co-founder and CEO of Kraken. “We were the first major exchange to list ether and recognize the promise of the non-fungible space. 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 to explore and interact with the NFT ecosystem.”
The NFT marketplace will debut with more than 100 top NFT collections in terms of transaction volume, which will go through a thorough vetting procedure before being included. The platform plans to add new collections regularly.
The Kraken NFT will also grant access to the NFT screening tool Cryptowatch enabling traders to track real-time NFT market data like average prices and several statistics for hundreds of collections.
Other tools featured on the platform include rarity ranking, which gives collectors an insight into how rare a given NFT is, enabling them to employ accurate judgement on the prevailing bid and ask prices.
Kraken NFT also leverages the company’s exchange platform to offer multi-currency support including 8 fiat currencies and well over 200 cryptocurrencies.
The platform will initially offer collections minted on Ethereum and Solana blockchains before adding support for other Layer 1 blockchains.
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