Kraken Opens NFT Marketplace Beta to the Public

Kraken, one of the world’s largest and most-trusted digital asset platforms, is excited to announce the public beta launch of Kraken NFT, the marketplace for collectors to explore, discover and securely trade NFTs. Following today’s earlier launch of Kraken Pro, clients will now benefit from two new and unique services, demonstrating Kraken’s commitment to accelerating the adoption of cryptocurrency.

At launch, Kraken NFT will feature a curated offering of over 110 of the highest-trading-volume NFT collections in the market today. Supported collections pass a thorough and comprehensive vetting procedure, with new collections added regularly. Collectors can also access the NFT screener tool on Cryptowatch to track real-time NFT market data, average sale price and in-depth statistics for hundreds of different collections.

At launch, Kraken NFT will feature a curated offering of over 110 of the highest-trading-volume NFT collections in the market today. Supported collections pass a thorough and comprehensive vetting procedure, with new collections added regularly. Collectors can also access the NFT screener tool on Cryptowatch to track real-time NFT market data, average sale price and in-depth statistics for hundreds of different collections.

Powell added: “Kraken has always championed free and diverse expression. NFTs enable content creators to effectively monetize their unique perspectives and connect directly with like-minded audiences. We believe NFTs have the potential to become the way most people start interacting with crypto.”

With the aim of creating the most seamless and well-thought-out user experience in the space today, Kraken NFT includes:

• Zero gas fees: Collectors can buy and sell NFTs held on Kraken without clogging up the underlying blockchain network and incurring sky-high network gas fees. Collectors can easily trade on the marketplace even during peak network activity.
• Creator earnings: A portion of the value of eligible NFTs sold on our marketplace goes back to the original content creator, rewarding ongoing creativity and invention within the space.
• Rarity ranking: All supported collections have an accompanying rarity ranking so collectors can better assess how rare an individual NFT may be, informing a potential bid or offer.
• 200+ funding options: Kraken NFT clients can list or offer an NFT in any of the fiat or cryptocurrencies supported on the platform. Right now, NFTs can be traded in 8 fiat currencies and well over 200 cryptocurrencies.

Kraken NFT’s whitelisted collections will begin with those built on Ethereum and Solana. Support for other blockchains will be added in the near future. Expect Kraken NFT to be at the forefront of this exciting space with a growing array of related products that reflect our long term commitment to the NFT ecosystem.