Kraken launches the beta version of its NFT platform with no transaction fees

Kraken NFT, the platform dedicated to non-fungible tokens (NFT) developed by the Kraken exchange, is now open to people who have been selected to participate in the beta phase. Kraken NFT promises a lot of features, including no transaction fees for NFTs circulating on the platform.

Kraken joins the NFTs

krakenthe 6th largest cryptocurrency exchange in the world by trading volume, announced that its platform dedicated to non-fungible tokens (NFT) was now open in its beta phase.

NFTs are by definition non-exchangeable tokens, each of which has its own specificities through its own metadata. To know everything about NFTs, this phenomenon that is becoming increasingly popular, we invite you to read our page dedicated to non-fungible tokens.

Please note that if you have registered on the waiting list to be able to enjoy Kraken NFT and that you have been selected to access it, you can already access it. via a link received by e-mail.

Although seats are now expensive for NFT platforms, both leaders like OpenSea or Magic Eden (for Solana) dominate the field, Kraken promises to guarantee zero transaction fees. An initiative that should be enough to arouse the interest of many investors.

Actually, the NFT market is in bad shape, the latter suffocated under the weight of both the collapse of the cryptocurrency market, but also inflation and global macroeconomic instability. In addition, any measure aimed at making the various transaction fees more flexible is welcome today.

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Many features of the program

Currently, Kraken NFT supports 70 different NFT collections, including the famous Bored Ape Yacht Club (BAYC) and its underlying collections. Note that Kraken will also host the Ethereum blockchain NFTs but also those of the Solana blockchain (SOL)enough to overshadow the Magic Eden market.

According to the release, new collections should be added continuously. However, the platform wishes to remain discreet about future NFTs available on Kraken, but the list of supported ones will be updated as needed.

NFT Kraken

Overview of viewing and purchasing an NFT on Kraken NFT

According to a spokesperson for Kraken, The creators of NFT will receive a royalty on the exchanged works of which they are authors:

“A portion of the value sold in our market goes back to the creator of the original content. In this way, creators are always adequately compensated for their time and effort. “

Additionally, Kraken NFT users will be able to list or purchase works with 8 different currencies, in addition to with more than 200 cryptocurrencies. Finally, it will be possible to view the collections listed on other platforms while enjoying the security promised by Kraken.

Keep in mind, however, that if you are lucky enough to take advantage of this closed beta, you will need to take care of it do not transfer NFTs not supported by Kraken on the platform under penalty of his disappearance.

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Source: Kraken

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