Cryptocurrency exchange Kraken has officially launched its NFT marketplace out of beta testing, supporting over 250 non-fungible tokens (NFTs) across the Ethereum, Solana, and Polygon blockchains.
The company launched a public beta version of its NFT platform in November. Initially, it offered support for a curated selection of 70 NFT collections on Ethereum and Solana.
As part of its public launch, the platform has pledged to include not only blue-chip projects like CryptoPunks and Bored Ape Yacht Club, but also more affordable collections that can be bought for under $100.
Kraken NFT marketplace says it will not charge gas fees to customers who buy and sell NFTs on the platform. However, it specifies that “gas fees will be incurred when transferring NFTs and other cryptoassets on and off the Kraken platform.”
Payment Options and Rarity Rankings
Users have the choice to pay in fiat or cryptocurrency, and listings will have built-in rarity rankings. Kraken says MetaMask and Solana’s Phantom wallet are currently supported, and WalletConnect will be added in the future.
Regulatory Environment
Kraken’s latest release comes amid a broader regulatory crackdown against the crypto industry. While U.S. exchanges are facing lawsuits from the U.S. Securities and Exchange Commission (SEC), Canada recently tightened its regulatory framework for digital asset trading.
- Ethereum, Solana, and Polygon supported
- Over 250 NFT collections available
- Public launch after successful beta testing
- Inclusion of blue-chip and affordable NFT collections
- No gas fees for buying and selling NFTs on the platform
- Gas fees incurred for transferring NFTs and other cryptoassets on and off Kraken platform
- Payment options include fiat and cryptocurrency
- Listings feature built-in rarity rankings
- MetaMask and Solana’s Phantom wallet supported, WalletConnect to be added in the future
- Amidst broader regulatory crackdown on the crypto industry
- Increased regulatory scrutiny in the US and Canada
