Crypto exchange Kraken announces the launch of its NFT marketplace.

4 May, 2022

Kraken has become the latest global crypto exchange platform to launch its NFT marketplace.

The crypto exchange giant announced that it will pay creators a portion of secondary market sales of the listed NFTs.

Kraken will not charge gas fees on its NFT marketplace and will list tokens from different blockchains, including Ethereum and Solana.

Earlier, Coinbase had announced its NFT marketplace that looked a lot like Instagram.

Coinbase’s NFT marketplace is still in the beta testing phase.

Kraken has joined the likes of Binance and FTX in launching its NFT marketplace.

According to the Wall Street Journal, daily NFT sales recorded a weekly average of 19,000, a drop of 92% from an all-time-high in September.