Kraken NFT Marketplace Launches With Support for Ethereum, Solana and Polygon Collections

Kraken, a well-known cryptocurrency exchange, has officially launched its NFT marketplace after successfully completing its beta testing phase. The marketplace now supports over 250 non-fungible token (NFT) collections across the Ethereum, Solana, and Polygon blockchains.

During its beta testing, Kraken's NFT platform initially offered support for a curated selection of 70 NFT collections on Ethereum and Solana. However, with its public launch, Kraken has expanded its offerings to include both high-profile projects like CryptoPunks and Bored Ape Yacht Club, as well as more affordable collections that can be purchased for under $100.

One notable feature of Kraken's NFT marketplace is that it will not charge gas fees to customers for buying and selling NFTs on the platform. However, users should be aware that gas fees will still apply when transferring NFTs and other cryptoassets on and off the Kraken platform.

Kraken's NFT marketplace supports payments in both fiat currency and cryptocurrency, providing users with flexibility in their transaction methods. Additionally, listings on the platform will include built-in rarity rankings to help users assess the value and uniqueness of the NFTs.

Currently, Kraken's NFT marketplace supports MetaMask and Solana's Phantom wallet, with plans to add support for WalletConnect in the future.

It's worth noting that the launch of Kraken's NFT marketplace comes at a time when the crypto industry is facing increased regulatory scrutiny. U.S. exchanges, in particular, are dealing with lawsuits from regulatory bodies like the U.S. Securities and Exchange Commission (SEC), while Canada has recently implemented stricter regulations for digital asset trading.

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