Kraken NFT Marketplace Gains Traction Days After Official Launch

Kraken NFT Marketplace Gains Traction Days After Official Launch – Here’s What You Need to Know

Updated: 13 June 2023

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Kraken, one of the biggest crypto exchanges with over 1.8 million ETH reserve storage, has dived deeper into the nascent non-fungible token sector. The crypto exchange recently launched its NFT market platform, which continues to gain traction among collectors days after its official launch.

Kraken Officially Launches Its NFT Marketplace

Founded in 2011, Kraken is a United States-based crypto exchange and one of the first Bitcoin exchanges listed on Bloomberg Terminal. In December 2022, Kraken released the beta version of its NFT marketplace, supporting over 110 NFT collections across Ethereum and Solana networks.

Kraken officially launched its non-fungible token marketplace late last week. Since then, the new NFT market platform has continued to gain massive adoption among collectors. Based on early adopters, Kraken NFT has improved and added features.

✨ Polygon lands on #KrakenNFT — trade Reddit Collectible Avatars today!

✔️ Browse & trade 250+ collections
✔️ Zero on-platform gas fees
✔️ Polygon NFTs @0xPolygonLabs
✔️ Reddit Collectible Avatars @Reddit

Learn more 👉 https://t.co/iHWSMDhO6w pic.twitter.com/bBfYY7vUEL

— Kraken NFT (@KrakenNFT) June 12, 2023

Unlike other popular NFT market platforms, the Kraken NFT market platform offers zero gas fees. The new NFT marketplace only enables collectors to pay gas fees when sending NFTs to or from the platform. Kraken NFT operates off-chain, making it unique.

Kraken NFT Marketplace Overview

The NFT marketplace offers over 200 payment options, including USD, Bitcoin, Ethereum, and popular meme coins such as Pepe and AI Doge. This integration opens opportunities to non-crypto natives, increasing crypto market exposure.

Kraken NFT marketplace offers a beginner-friendly experience, including a quick sign-up process, intuitive search tools, and a growing library of educational content, making new collectors find it somewhat welcoming. The NFT marketplace allows users to pay in fiat or crypto, facilitating non-native Web3 interaction with the NFT space.

At the moment, Kraken NFT has officially launched, with support for over 250 NFT collections across different chains, including Bored Ape Yacht Club NFTs and Reddit collectibles avatars. It includes a curated and affordable collection under $100 for every user and wallet. Kraken support NFTs hosted on Ethereum, Polygon and Solana.

Despite intense regulatory scrutiny, Kraken NFT is ready to establish itself as a competitive NFT marketplace. Kraken advancement in the NFT space appeared a few days after its rival crypto exchange, “Binance and Coinbase,” faced charges over involving unregistered offerings and failing to register as an exchange or broker-dealer.