Kraken announces its own NFT marketplace

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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 “Creator Earnings” 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.

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Valeria Goncharenko

Valeria is an Italy-based writer passionate about web3 and innovation. She is getting her second major in International Business Management while dedicating her spare time to photography and fashion. You can contact her at [email protected]

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