Kraken Enters the NFT Game by Creating a Waitlist for a New Multi-Chain Marketplace

Kraken, a cryptocurrency exchange based in the United States, is aiming to create a non-fungible token (NFT) marketplace and is already inviting consumers to join a queue for the new platform.

Kraken NFT, the new marketplace, will work across various blockchains and have “zero gas fees” for trades within the platform, Kraken claimed in a blog post outlining its plans on Tuesday.

The absence of gas fees implies that NFT collectors can develop their collections without worrying about how spikes in network activity will affect the cost of an NFT purchase, according to the exchange.

The company also stated that the marketplace will initially support the Ethereum (ETH) and Solana (SOL) networks, but that other chains are expected to be added in the future.

Unlike on large marketplaces such as OpenSea, NFTs on Kraken’s new platform can be purchased in any cryptoasset supported by the exchange, as well as six fiat currencies.

Kraken has not yet stated when the new marketplace would be available.

Kraken will now follow in the footsteps of competitors such as Binance, OKX, and Coinbase, which have all opened NFT marketplaces under their respective brands. The latter was just opened as a beta edition for selected customers last month, after more than 1 million people signed up for a waiting for the marketplace.