NFT Platform Waiting List Opened by Kraken Exchange

WikiBit 2022-05-04 11:53

Kraken, an American digital currency trading platform, has announced the creation of a waiting list for its Non-Fungible Token (NFT) marketplace or platform.

　　According to the exchange's statement, the Kraken NFT platform is geared to compete with its peers in the ecosystem, since it boasts a number of characteristics that set it apart.

　　According to Kraken, NFT collectors that execute transactions on the site will not be charged any gas fees. This is a significant departure from what the exchange's competitors are already offering. The majority are being chastised, particularly for their ties to Ethereum, which is notorious for its exorbitant transaction costs.

　　“Once your NFT is custodied with Kraken NFT, you will not pay any blockchain network fees for (the) trading activity that takes place within our platform. This helps you build your dream collection with near-instant transfer speeds and the peace of mind that spikes in network activity will not impact the cost of your purchases and trades,” the exchange said.

　　The Kraken NFT platform will handle various blockchain protocols, starting with Ethereum and Solana and expanding to other protocols in the near future. The platform's multi-chain support architecture will further empower NFT enthusiasts who have previously been limited in their total reach.

　　The Kraken exchange's decision to start a waiting list in anticipation of the launch of a comprehensive NFT platform follows a similar step by Coinbase Global Inc. While the larger Nasdaq-listed exchange has opened up its NFT platform in Beta, it had over 3 million waitlist registrations when it first debuted last year.

　　As NFTs enter the mainstream, no trading platform is sitting on its hands. From FTX Derivatives Exchange to Binance, Crypto.com, and OkCoin, the number of notable firms creating an NFT marketplace is increasing, a trend that is expected to bring more competition and innovation to the blockchain technology spinoff in the near future.

　　As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!

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