Kraken NFT Marketplace Launches, Supports 250 NFT Pools

Kraken, a US-based cryptocurrency exchange, has announced the official launch of its NFT marketplace following the successful completion of its beta testing phase. According to a press release, the marketplace will support over 250 NFTs across multiple blockchains, including Ethereum, Solana, and Polygon.

Last November, Kraken introduced a public beta version of its NFT platform, which initially featured a carefully selected selection of 70 NFT collections on Ethereum and Solana. However, with the platform’s public launch, Kraken has promised to expand its offerings by not only including blue-chip projects like CryptoPunks and Bored Ape Yacht Club, but also more affordable collections that can be purchased for under $100. New collections on the platform include uwucrew, DigiDaigaku, Nakamigos, Solana Monkey Business and more.

“We have long understood that the communities behind the NFTs are often even more significant than the collectibles themselves. That is why we have curated many of the most active NFT collections the market has to offer,” the press release states.

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

A notable aspect of the Kraken NFT market is its commitment to customer-friendly practices. Kraken has stated that it will not charge gas fees to customers who buy and sell NFTs on the platform. However, it is important to note that gas fees will apply when transferring NFTs and other crypto assets on and off the Kraken platform.

Kraken has implemented various features to improve the user experience on its NFT marketplace. Users will have the flexibility to make payments using either fiat currency or cryptocurrency. In addition, listings on the platform will come with built-in rarity ratings, providing valuable insight for collectors and investors. Currently, Kraken supports wallets such as MetaMask and Solana’s Phantom wallet, with plans to add support for WalletConnect in the future.

Kraken’s launch of the NFT marketplace comes at a time when the cryptocurrency industry is facing increased regulatory scrutiny. American exchanges, for example, are struggling with lawsuits from the US Securities and Exchange Commission (SEC). Despite these challenges, Kraken aims to create a prominent position in the competitive NFT market landscape.

Editor’s note: This article was written by an nft employee in collaboration with OpenAI’s GPT-4.