News Report
May 04, 2022

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 ā€œCreator Earningsā€ 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:

Disclaimer

All of the information on our website is provided in good faith and solely for educational reasons. Any action taken by the reader in response to material on our website is entirely at his own risk.

The Trust Project is a worldwide group of news organizations working to establish transparency standards.

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 [email protected]

More articles
Valeria Goncharenko
Valeria Goncharenko

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 [email protected]

Hot Stories
Join Our Newsletter.
Latest News

CGV Research: Telegram Open Network’s (TON) Technological Advancements and Future Prospects

TL;DR TON’s Past In 2018, founders of Telegram — the Durov brothers, began exploring blockchain solutions suitable ...

Know More

20 Most Underrated AI Startups in 2023: Ranked by Funding

AI remains a constant focal point for investors and entrepreneurs alike. While the spotlight often falls on ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Web3Auth and Google Cloud Unveil Firebase Extension for Web3 Onboarding
Business News Report
Web3Auth and Google Cloud Unveil Firebase Extension for Web3 Onboarding
October 2, 2023
Kenyan MPs Demand Shutdown of Worldcoin’s Crypto Venture in Kenya
News Report Technology
Kenyan MPs Demand Shutdown of Worldcoin’s Crypto Venture in Kenya
October 2, 2023
Grayscale Seeks SEC Approval to Convert Ethereum Trust into Spot ETF
Markets News Report
Grayscale Seeks SEC Approval to Convert Ethereum Trust into Spot ETF
October 2, 2023
Base Network TVL Drops Amidst USDC Burn, zkSync Era Takes Over
News Report
Base Network TVL Drops Amidst USDC Burn, zkSync Era Takes Over
October 2, 2023
What You
Need to Know

Subscribe To Our Newsletter.
Daily search marketing tidbits for savvy pros.