Kraken, a cryptocurrency exchange, has announced the launch of a waitlist for its NFT marketplace, as well as a number of upcoming features.
The exchange will offer creator rewards, support for many blockchains, and no gas fees.
NFT Waitlist Opened
Kraken unveiled their non-fungible token marketplace, Kraken NFT, in a blog post today. It is a complete solution for browsing, curating, and safeguarding users’ NFT collections, according to them.
When NFTs circulate within Kraken’s platform, there will be no user gas fees. If customers deposit or withdraw NFTs to and from Kraken, however, they will charge a gas price.
With near-instant transfer speeds, consumers can assemble their fantasy collection. It gives users the assurance that network activity surges will not affect the price of their purchases and trades.
Features Planned
Other features are also planned by the company. There are billions of possible combinations of features and qualities in many NFT collections, making each token unique. It will, for example, allow users to keep track of the rarity scores of their NFTs.
Kraken NFT has built-in tools to help users determine how uncommon specific NFT traits are in comparison to other NFTs in the same collection. It will pay a portion of secondary sales to NFT creators as a reward.
Rarity scores define the characteristics and characteristics that distinguish each NFT, allowing consumers to make better educated judgments.
When it comes to buying and selling NFTs, Kraken NFT provides unrivaled flexibility. As a Kraken NFT customer, customers will have seamless interaction with their Kraken account, allowing them to effortlessly execute transactions.
The Kraken NFT marketplace will allow payments in most of the currencies and cryptocurrencies that the exchange now accepts. According to Kraken, more than 120 different assets are supported. Buyers can bid on NFTs using any of these currencies at the same time.
NFTs will support by Kraken on several blockchains. Users may manage all of their holdings in one place using Kraken NFT. At the time of launch, Ethereum and Solana are both supported. More blockchains will release at a later date, according to the exchange.
The company did not provide a launch date for its NFT marketplace, but did state that the waitlist will open today.
December Plans
In December, Kraken CEO Jesse Powell announced plans to launch an NFT marketplace, but provided little information.
Powell outlined several reasons for establishing an NFT market in his announcement. This includes the introduction of Metaverse NFTs as well as the anticipated growth of the broader NFT market.
NFT marketplaces have already developed by other large cryptocurrency exchanges. Coinbase, FTX.US, Binance, and Gemini are among them.
Despite the entry of such exchanges into the competition, OpenSea, a dedicated NFT marketplace, remains the leading platform for NFT trading. In April, it had a trading volume of $3.2 billion.
