Kraken enters the realm of the metaverse and NFT

Representatives of the trading crypto platform Kraken announced the opening of their marketplace with NFT tokens, which thus brings the exchange closer to the world of NFT tokens and metaverses. The most interesting thing in this situation is that Kraken decided to do this, despite some drawdown of the crypto industry in general and the NFT sphere in particular. Of course, recently there have also been several stories about large purchases and sales of NFT tokens, however, in general, the market trend is now downward and a few individual cases do not fundamentally change the situation.

Kraken is trying to attract the majority of customers due to the lack of transaction fees, which not every crypto exchange can offer. Considering the aforementioned drawdown of the crypto market, such a move can attract new customers to the side of Kraken, especially those investors who do not neglect the diversification of their funds. In addition, it can finally lure fans to its side to invest in cryptocurrencies due to the absence of the above plus.

Classic long-term and medium-term holding of coins can still be called the main activity of crypto enthusiasts and Kraken wants to develop the NFT market segment. The latter may have an impact on the sphere in the foreseeable future. Kraken also said that the marketplace was designed from the ground up to provide the highest level of security for investors in non-fungible tokens. The new functionality will be available to those customers who have previously applied to join the list of users who expect this product.

At the early stage of the NFT marketplace, Kraken will provide access to 70 collections based on Ethereum and Solana, the two main blockchains used for interaction between collectors. The most daring analysts suggest that in this way Kraken wants to bite off a decent share of the pie of the NFT market, where the OpenSea platform currently holds the undeniable leadership.