Ethereum, Solana and Polygon collections join the exciting lineup of over 250 NFTs

• Kraken has announced the official launch of its NFT marketplace after completing its beta testing phase.

• The marketplace will enable trading of over 250 non-fungible tokens (NFTs) across multiple blockchain networks.

The US-based cryptocurrency exchange, Kraken, has announced the official launch of its NFT marketplace after completing its beta testing phase. The company adds itself to the extensive list of crypto exchanges, such as Binance, Coinbase, Crypto.com, and Bybit, that have actively expanded their ecosystems to include non-fungible tokens (NFTs).

According to one official statementthe marketplace will enable trading of over 250 non-fungible tokens (NFTs) across multiple blockchain networks, including Ethereum, Solana and Polygon.

In November 2022, Kraken introduced a public beta version of its NFT platform, with an initial selection of 70 NFT collections on Ethereum and Solana, carefully curated. However, with the platform’s public launch, Kraken has expanded its offerings to include low-cost collections that users can purchase for under $100. The platform now includes uwucrew, DigiDaigaku, Nakamigos, Solana Monkey Business and more, along with CryptoPunks and Bored Apes.

The marketplace facilitated NFT collections from Ethereum and Solana blockchains throughout the beta phase. But with the official launch, the marketplace has expanded its selection to include digital collectibles from Polygon. This expansion includes highly sought-after items such as the “glowing Reddit collectible avatars.”

We are launching out of BETA! 🎉#KrakenNFT is your gateway to buying, selling and learning about NFTs!

🔎 Browse 250+ collections
⛓️ Polygon blockchain integration
🧡 Reddit collectible avatars @0xPolygonLabs @Reddit

Read our latest announcement: pic.twitter.com/l1LTizqwT1

— Kraken NFT (@KrakenNFT) 8 June 2023

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Kraken said in a press release,

We have long understood that the communities behind the NFTs are often even more significant than the collectibles themselves. That’s why we’ve curated many of the most active NFT collections the market has to offer.

Kraken has incorporated several features into its NFT marketplace to improve the user experience. Users can now choose to make payments using either fiat currency or cryptocurrency. Furthermore, the platform includes built-in rarity ratings for listings, offering valuable insight for collectors and investors.

Finally, Kraken has announced that it will waive gas fees for customers participating in NFT transactions on the platform. It is important to note that “gas fees will be incurred when transferring NFTs and other crypto assets on and off the Kraken platform.” Currently, Kraken provides support for wallets such as MetaMask and Solana’s Phantom wallet, and it intends to incorporate support for WalletConnect in the coming times.

Additional plans include the creation of benefits and features, such as exclusive drops for customers and the ability to sweep floors without incurring gas charges. Kraken’s introduction of its NFT marketplace coincides with increased regulatory scrutiny in the cryptocurrency industry. American stock exchanges in particular are currently struggling lawsuit initiated by the US Securities and Exchange Commission (SEC).

In addition, Canada has recently implemented tighter regulations within its regulations for trading in digital assets. Nevertheless, Kraken strives to establish a prominent position within the highly competitive NFT market landscape despite these challenges.

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