Crypto exchange Kraken to roll out NFT marketplace with promise to cover transaction fees
Major cryptocurrency exchange Kraken is launching its own non-fungible token (NFT) platform in the coming months. As of Tuesday morning, customers can sign up to join its waitlist.How much Kraken would subsidize transaction fees, which can even be worth more than the NFT price itself in some cases, is not entirely clear.
The platform will provide unique offerings, most notably subsidizing Ethereum (ETH-USD) transaction costs — such as gas fees, the cost of paying for transactions on Ethereum, and other proof-of-stake blockchains, according to the exchange's chief operating officer, David Ripley. It would also hold customer assets in custody.
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