Cryptocurrency exchange Kraken has announced that their NFT platform is coming soon and have opened up the waitlist to the public.
- ‘Kraken NFT‘ was announced on May 3rd and aims to be “the complete solution for exploring, curating and securing your NFT collection.”
- Kraken NFT aims to seamlessly provide the ability to buy and trade NFTs through a single account. Users can purchase NFTs on the platform using supported fiat or their own cryptocurrency holdings.
- The platform also boasts zero gas fees once NFTs have been custodied on Kraken NFT, although gas fees are still incurred when trading onto and off of the platform.
- Users will also be able to track the rarity score of their NFT, which makes the due diligence process of purchasing the digital asset straightforward.
- Using the singular Kraken NFT interface users will be able to collect NFTs from various blockchains. Ethereum and Solana are the current two blockchains although there are plans to add more blockchains in the future.
- In December of 2021, Kraken CEO Jesse Powell told Bloomberg that he was considering adding a system that would allow users to borrow funds using their NFTs as collateral, although there wasn’t any news of this in the announcement.
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