Kraken's NFT Marketplace Exits Beta Phase, Now Live

Kraken's NFT marketplace exits beta stage, introducing more than 250 NFT collections, zero gas fee trading, multiple payment options, and a partnership with Williams Racing Formula 1 team.

The Deets

Kraken NFT is Official: The platform moves out of beta and is open to the public.
Variety: Kraken NFT presents more than 250 NFT collections.
No Gas Fees: Kraken NFT eliminates gas fees, removing a significant barrier to entry.
Flexible Payment: Over 200 cryptocurrencies and cash options available for transactions.
Racing Partnership: Collaborating with Williams Racing Formula 1 team, Kraken NFT will offer the chance to feature your favorite NFT on an F1 car during a race.

The Bulk

Kraken NFT officially moved out of the beta phase and is ready for public use. The platform provides a variety of NFT collections, with numbers escalating from 70 to over 250, offering NFTs to cater to all interests. These collections range from the pioneering CryptoPunks and Bored Ape Yacht Club to CC0 classics like mfers and CrypToadz.

Furthermore, Kraken NFT eliminates a significant obstacle for NFT collectors—gas fees. With Kraken NFT, users can now buy and sell NFTs without the burden of additional gas fees, ensuring their investment goes straight into the art they value.

Additionally, Kraken NFT accommodates a variety of payment options, providing the choice to transact in over 200 different cryptocurrencies and cash options, making it a highly inclusive platform.

But that's not all—Kraken NFT has partnered with the Williams Racing Formula 1 team. This partnership will present an exciting opportunity for users to showcase their favorite NFT on the rear wing of an F1 car during an actual race.

❗Why It Matters

Consumers are now flush with marketplace options, but it will likely be difficult for a newer entrant (like Kraken) to make a considerable dent in trading volumes and earn marketshare without a bigger incentive for users. All marketplaces are at the mercy of Blur at present time.

🔜 What's Next?

Stay tuned for more details on the partnership with the Williams Racing Formula 1 team and how you can get your favorite NFT featured on an F1 car.

Author Bio

Logan Hitchcock

NFT Analyst

Logan is a content lead at Lucky Trader and is best known for selling every good NFT far too early. He also maintains an irrational exuberance for clay-based NFTs.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.