Kraken announces its own NFT marketplace
Digital asset exchange Kraken has announced the future launch of an NFT marketplace.
Kraken was founded in 2011 and has become one of the most used crypto exchanges. The platform is now expanding to allow NFT enthusiasts to trade and collect more efficiently.
Kraken, for its part, is doing things a bit different. First of all, there are not going to be any blockchain network fees for trading activity within the platform. This feature not only helps to save some money on gas but also speeds up the transactions within the network.
Secondly, the users will have access to NFTs stored across multiple blockchains including Ethereum and Solana.
Collectors will be able to track rarity scores within their NFT portfolio with Kraken’s built-in tools.
Creators, on the other hand, will be rewarded with cuts from each sale, thanks to the “Creator Earnings” feature. The artworks can be listed in both cryptocurrencies (more than 120 supported) and fiat (USD, EUR, CAD, GBP, CHF, AUD).
Finally, the NFTs will be protected with the same security infrastructure that is used for the digital asset exchange.
The NFT exchange is current open for beta users.
Read related posts:
- The first NFT on Instagram is now live
- How to buy Solana NFTs: A beginners guide to buying NFTs with SOL
- Mercedes-AMG and FTX launch NFT collection
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at valerygoncharenko@mpost.io
More articles
Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at valerygoncharenko@mpost.io
