| News, NFT

Kraken NFT is now live for beta testers

We’re thrilled to announce that Kraken NFT is now live for a select group of beta testers. 

After waiting patiently for the chance to experience the marketplace, Kraken NFT Beta testers will have exclusive access to explore, trade and secure NFTs from the most popular artists and projects — all while paying zero gas fees.*

If you were selected from the waitlist to beta test Kraken NFT, you will receive an email with a link to get started soon. When you log into your Kraken account, the NFT product will be available for you to explore.

As a Kraken NFT Beta tester, you will be able to: 

Keep your NFTs safe with our secure platform

Kraken NFT makes it easy to deposit any NFT from our list of supported collections. We have carefully selected some of the most prominent NFT collections from the Ethereum and Solana ecosystems for the Beta. Kraken NFT will include these 70 collections in the private Beta and we can’t wait to share the many other NFT collections we plan to activate.

Please be sure to only deposit NFTs from collections listed on Kraken, as depositing NFTs from unsupported collections could result in their loss.

After you bring your digital collectibles onto our secure platform, you can rest easy knowing your NFTs are protected by our industry-leading security.

Buy NFTs with no gas fees* using our easy-to-navigate interface

Because Kraken NFT is a custodial marketplace, NFT trades on the platform aren’t subject to gas fees. All the information you need to know about each unique digital item is thoughtfully laid out to support your decision-making process. 

Kraken NFT helps you quickly research important factors such as the name of the creator, how many other NFTs exist within the collection and the NFT’s previous sale history.

Compare rarity between NFTs

Kraken NFT has rarity tracking tools built in, which allow you to understand and compare the scarcity of different traits within a particular collection. Scarcity plays a fundamental role in determining the value of an NFT – the more scarce the combination of traits are, the more desirable the NFT will typically be to interested buyers.

Bid your way with cash or 185+ cryptocurrencies

Regardless of what currency the seller chose while listing the NFT, buyers can place a bid on the NFT using any of the cryptocurrencies Kraken supports in their region. This includes popular cryptocurrency options such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and more.

List an NFT for sale in an instant

Kraken NFT makes it quick and easy to sell an NFT from your collection. With our streamlined platform, you can sell any NFT in your collection for cash or crypto. Storing your collection on Kraken NFT allows you to avoid the hassle of connecting to the Ethereum or Solana blockchains with your Metamask or Phantom wallets in order to sell your collection.

Your opinion matters

Beta testers’ opinions will help shape Kraken NFT before we take it to the global market. Please check out our Support Center for any FAQs about using the marketplace, or contact Kraken Support for 24/7 assistance.

If you’re new to the world of NFTs, you can visit our Learn Center to discover what all the excitement is about.

You can also browse the 70 carefully selected NFT collections that will be available to explore, trade and secure in the beta testing phase.

If you were not selected for the chance to try the Kraken NFT Beta, follow the Kraken Blog and our social account @KrakenNFT to be the first to know when the full public beta launches.

*Gas fees will be incurred when transferring NFTs and other cryptoassets on and off the Kraken platform.

These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell or hold any cryptoasset or to engage in any specific trading strategy. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position.