Kraken Launches Official Waitlist for Its NFT Platform

On Tuesday, Kraken, a major cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) f A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) f Read this Term, said that it had opened the official waitlist for Kraken NFT, its official NFT marketplace. According to the company, users on the new platform will have zero gas fees on trades, as crypto traders will not pay any blockchain network fees for the trading activity that takes place within the platform.

Also, Kraken NFT will come with built-in tools to help people track the rarity scores of their NFTs and compare them to other NFTs within the same collection. Moreover, sellers can list NFTs in USD, EUR, CAD, GBP, CHF, AUD or any of the 120 cryptocurrencies Kraken supports, and buyers can bid on NFTs using any of these currencies as well.

“Kraken NFT allows you to curate your NFT collection across multiple blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term networks within a single interface. Whether you are looking to grab the latest collection on Solana or a classic NFT on Ethereum, Kraken NFT lets you manage all of your holdings from one place. Kraken NFT will include these two networks at launch, and we can’t wait to share the many other blockchains we plan to activate,” the crypto exchange highlighted.

People in the marketplace will be entitled to use Creator Earnings, a way to reward the artists and innovators in the NFT sphere by paying them a portion of each secondary market sale price of the NFTs they created.

There is no a fixed timeline set for the waitlist to remain open for Kraken NFT as of press time.

Coinbase NFT Beta

Recently, Coinbase, a US-listed cryptocurrency exchange, announced that its NFT marketplace is in the beta phase. In addition, the company noted that the site nft.coinbase.com is live with a vast collection of NFTs in the Ethereum blockchain.

Using any self-custody wallet, such as a Coinbase Wallet or another, beta testers will be able to create a Coinbase NFT profile to buy and sell NFTs.