Kraken launches its creator-friendly NFT marketplace to the public

by James · December 23, 2022

Quick take:

Kraken has launched its NFT marketplace beta to the public.
The platform is one of the few NFT marketplaces that has 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 has zero gas fees and respects royalties to creators, among other exciting tools. Kraken NFT will allow collectors and traders to securely buy and sell NFTs.

Built from the ground up, the platform claims to be one of the most dynamic user-friendly NFT marketplaces in the industry, enabling everyone 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 recognized the promise of the non-fungible space. As a secure gateway complete with curated collections and a variety 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 pools in terms of transaction volume, which will go through a thorough vetting procedure before being included. The platform plans to add new collections regularly.

Kraken NFT will also provide access to the NFT screening tool Cryptowatch which enables traders to track real-time NFT market data such as average prices and more statistics for hundreds of collections.

Other tools on the platform include rarity ranking, which gives collectors an insight into how rare a given NFT is, enabling them to use accurate assessments of the current bid and sale prices.

Kraken NFT also leverages the company’s exchange platform to offer support for multiple currencies including 8 fiat currencies and well over 200 cryptocurrencies.

The platform will initially offer collections minted on the Ethereum and Solana blockchains before adding support for other Layer 1 blockchains.

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