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November 4, 2022

US-Based Crypto Exchange Kraken Launches Beta Testing for New NFT Marketplace

By Rhodilee Jean Dolor

Crypto exchange Kraken’s new non-fungible token (NFT) marketplace is now live for beta testers selected from a waitlist.

In a new announcement, Kraken says that beta testers will soon receive an email providing them with exclusive access to the marketplace, which the exchange says will feature gasless internal transactions.

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“Kraken NFT Beta testers will have exclusive access to explore, trade and secure NFTs from the most popular artists and projects — all while paying zero gas fees.

Gas fees will be incurred when transferring NFTs and other crypto assets on and off the Kraken platform.”

The exchange says there will be a select number of NFT collections that will be available for users during the beta testing phase. Beta testers can also sell NFTs from their collection in exchange for cash or crypto.

“We have carefully selected some of the most prominent NFT collections from the Ethereum and Solana ecosystems for the Beta. Kraken NFT will include these 70 collections in the private Beta and we can’t wait to share the many other NFT collections we plan to activate.”

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Kraken says the feedback it will get from the beta testers will be used to further develop the NFT marketplace before its public launch.

“Beta testers’ opinions will help shape Kraken NFT before we take it to the global market.”

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Featured Image: Shutterstock/Guguart