09/06/2023 Kraken NFT marketplace launches with over 250 collections
A notable feature of the new marketplace is its gasless experience â when purchasing or selling a digital asset on the platform, a user will not be charged for the transactions. This will be the case regardless of market conditions.
Gas fees, however, will be charged for transferring digital assets on and off the platform.
The Kraken NFT marketplace has beenin the works for over a year, launching a public beta version of its testnet in November last year.
During its beta phase, the marketplace supported NFT collections from Ethereum and Solana. With its public launch, the marketplace has expanded its offerings to include digital collectibles from Polygon as well. This includes popular items such as its âred-hot Reddit collectible avatars.â
The marketplace also aims to be user friendly for non-crypto-native traders.
Most NFT platforms today require their users to have a crypto wallet to purchase digital collectibles. Krakenâs platform accepts fiat and cryptocurrencies â meaning users can bid on a NFT even if they do not own any tokens.
For those who do have a wallet, the NFT marketplace currently supports MetaMask and Phantom, with plans to later connect with WalletConnect.
Krakenâs decision to launch its NFT platform comes amid aUS government crackdown on centralized exchanges. Competition in the NFT marketplace remains fierce, with marketplace giantsOpenSeaandBlur dominating the space.
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