In short:
Crypto exchange Kraken’s NFT marketplace goes live in beta
Kraken’s NFT marketplace will go live in a private beta today and will be open to anyone who signed up for the waitlist.
The marketplace was set to be released in the summer but was delayed up until now.
Crypto exchange Kraken’s non-fungible token (NFTs) marketplace will go live in private beta today to customers on the waitlist.
The waitlist for Kraken NFT opened in May. The marketplace was expected to launch in the summer but experienced several delays.
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The marketplace will offer customers access to more than 70 NFT collections across the Ethereum and Solana ecosystems in the beta launch, a Kraken spokesperson said.
Customers will be able to buy and sell Kraken custodied NFTs without incurring any gas fees. However, if the NFTs are transferred on and off the Kraken platform then they will incur those fees.
A royal dilemma
Royalties will remain a mandatory component within the marketplace. Royalties are fees that go back to the creator of collection on every sale of their NFT. NFT creators can secure a regular income via royalties, which are a key reason why many creators have flocked to NFTs. However, they are also seen as a source of friction for NFT traders.
“A portion of the value sold on our marketplace goes back to the original content creator,” a Kraken spokesperson said. “This ensures creators are always properly compensated for their time and efforts.”
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Royalties have become a controversial topic in the crypto industry as a number of leading exchanges such as LooksRare and Magic Eden have pivoted away from mandating a royalty-fee on NFT trades.
Other features on Kraken’s marketplace include being able to list or offer NFTs in eight fiat currencies as well as over 200 cryptocurrencies on the platform and the ability to view and purchase NFTs listed on other marketplaces under the protection of Kraken’s security framework.
Kraken throws its hat in the ring
Kraken’s NFT marketplace follows in the footsteps of rival exchanges that have also started marketplaces such as Coinbase, FTX and Binance. However NFT trading volumes have dropped dramatically since many of these exchanges launched their marketplaces last year.
Kraken NFT is Announcing 70 NFT Collections Beta Testers
We’re thrilled to reveal 70 of the leading NFT collections that will soon be available to Kraken NFT beta testers. We carefully selected these collections so you can explore, curate and secure the NFT collection of your dreams with zero gas fees.*
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The beta will include NFT collections across the Ethereum and Solana blockchains. We plan to add hundreds of additional collections after the beta concludes.
Join the waitlist now for your chance to test the Kraken NFT beta.
Ethereum NFTs
- 0N1 Force
- Boki
- Bored Ape Kennel Club
- Bored Ape Yacht Club
- Boss Beauties
- Capsule House
- Castle Kid By Colin Tilley
- Chimpers
- CLONE X – X TAKASHI MURAKAMI
- Cool Cats NFT
- Cool Pets NFT
- Creature World NFT
- Creepz Genesis
- Crypto Coven
- CrypToadz by GREMPLIN
- CryptoBatz
- CryptoPunks
- CryptoSkulls
- CyberKongz
- Damien Hirst, The Currency
- Deadfellaz
- Decentraland
- Degen Toonz
- Doodles
- GalacticApes
- goblintown.wtf
- Hashmasks
- Lazy Lions
- Letters by Vinnie Hager
- Little Lemon Friends
- Loot (for Adventurers)
- Meebits
- MekaVerse
- Meta Legends
- Mfers
- Moonbirds
- Mutant Ape Yacht Club
- Nuclear Nerds of the Accidental Apocalypse
- Otherdeed for Otherside
- Peaceful Groupies
- Pudgy Penguins
- PXN: Ghost Division
- Robotos
- SlimHoods
- The Doge Pound
- The Humanoids
- the pixels inc
- TIME Pieces Build a Better Future: Genesis Drop
- VeeFriends
- Wassies by Wassies
- Wavelength by Kaleb Johnston
- We Are All Going to Die
- Women and Weapons
- World of Women
Solana NFTs
- Aurory
- Bold Badgers Squad
- Boryoku Dragonz
- Degenerate Ape Academy
- DeGods
- Fancy Frenchies NFT
- Frakt
- GGSG: Galactic Gecko
- Just Ape
- Okay Bears
- Rogue Sharks NFT
- Rude Golems
- Solana Monkey Business
- Solsteads
- The Sneks
- Trippin’ Ape Tribe
The above collections are subject to change.
Will Kraken list more NFTs?
Yes! But our policy is to never reveal any details until shortly before launch – not even which NFTs we are considering. All of Kraken’s listed NFTs are available on our website, and all future NFTs will be announced on Kraken platforms. Our client engagement specialists cannot answer any questions about which assets we may be listing in the future.
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Trade with caution
Specific-asset availability and liquidity not guaranteed. Listing an NFT for trade is not a recommendation to buy, sell, or participate in the associated collection. Do your own research and invest at your own risk.
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