One of the largest crypto exchanges Kraken has announced that its much anticipated NFT marketplace is going live in beta. The new market would be made available to customers who joined the market’s waitlist in May.
The new marketplace is expected to host about 70 Ethereum and Solana-based NFT collections. Also, users would bear no extra cost to store their NFTs on the exchange.
Kraken would face huge competition from OpenSea, the largest NFT marketplace by trading volume. LooksRare is another heavyweight in the industry after recording some interesting growth in the past week. Kraken is expected to differentiate itself from the other marketplaces by integrating tools to enable newbies to evaluate the worth of their NFTs.
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