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The sixth-largest cryptocurrency exchange in the world, Kraken, has started a test version of its new namesake NFT marketplace. Over 110 of the most well-known NFT collections available today were included in the platform’s first offering, including Bored Ape Yacht Club, Azuki, Doodles, CryptoPunks, and more. Currently, only blockchains running on Ethereum or Solana may host included collections; however, other blockchains are anticipated to be added in the future.
Users only need to create a single wallet for purchases, sales, and trades because the platform’s entire idea is to allow collectors to join, discover, and safely exchange digital cryptocurrency treasures throughout the Kraken ecosystem. Additionally, Kraken NFT provides users the chance to base their bids and offers on how highly sought-after they believe specific assets to be, similar to other NFT markets.
We were the first large exchange to list ether and realize the promise of the non-fungible realm, according to the co-founder, so that the collections offered on the platform are of good aim and worthy of users’ attention.
Additionally, all transactions are “gas-free,” which means that users may swap digital assets without paying transaction fees related to the relevant blockchain. However, there are costs associated with transferring NFTs from Kraken to another platform (further promoting users to stay loyal). The site presently supports over 200 different cryptocurrencies and eight different worlds (fiat) currencies to make sure that it is as open as possible to potential buyers.
Kraken NFT has put in place a mechanism that sees authors automatically earn a share of the sales money that their digital products create on the creative side of things, i.e., when it comes to the fiercely contested subject of “royals.”
Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.
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