Kraken is gearing up to introduce its own NFT marketplace.
Digital asset exchange Kraken has announced Anticipation builds for the launch of the NFT marketplace.
Since its inception in 2011, Kraken has become a leading crypto exchange. With this new venture, the platform aims to streamline the process for NFT collectors and traders.
Kraken is taking a unique approach. Notably, users won’t incur any blockchain network fees when trading on the platform. This innovation not only helps users save on transaction costs but also accelerates the processing of trades.
Additionally, users will have access to NFTs that reside on various blockchains, including both Ethereum and Solana.
Collectors will have the tools offered by Kraken to monitor the rarity scores of their NFTs, helping them assess the value of their collections.
Art creators will benefit as well; they will receive a portion of profits from each sale through the platform's 'Creator Earnings' feature. Artists can list their works in over 120 cryptocurrencies or in fiat options like USD, EUR, CAD, GBP, CHF, and AUD.
Security is a top priority; all NFTs will be safeguarded using the same security measures that protect the broader digital asset exchange.
The NFT exchange is currently open for beta users.
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