Kraken, one of the world's largest and most trusted digital asset platforms, is pleased to announce the launch of the public beta of Kraken NFT, the marketplace for collectors to securely discover, discover and trade NFTs. Following today's early release of Kraken Pro, customers will now enjoy two unique new services that demonstrate Kraken's commitment to accelerating cryptocurrency adoption.

"Kraken has always advocated for free and diverse expression. NFTs allow creators to effectively monetize their unique perspectives and connect directly with like-minded audiences. We believe NFTs have the potential to be the way most of people start to interact with cryptocurrencies."

Kraken NFT makes the NFT field accessible and intuitive for all types of collectors, from professional fins to beginners. It was designed from the ground up to be one of the most secure, user-friendly, and dynamic marketplaces on the market today.

"Since 2011, our mission has been to accelerate cryptocurrency adoption with a secure platform that protects customer funds and offers a diverse range of products and services," said Jesse Powell, Kraken's co-founder and CEO. "We were the first major exchange to list Ether and accept the promise of a non-tradable space," says the exchange. We believe Kraken NFT will be the place of choice for collectors of all stripes to explore and interact with the NFT ecosystem as a secure gateway complete with curated collections and a slew of unique features."

Kraken NFT will initially offer over 110 NFT collections with the highest trading volume on the market. Supported collections are subjected to a thorough review process, and new collections are added on a regular basis. Collectors can also use Cryptowatch's NFT scan tool to track real-time NFT market data, average selling price, and detailed statistics for hundreds of different collectibles.

Powell added: "Kraken has always championed free and diverse expression. NFTs allow creators to effectively monetize their unique perspectives and connect directly with like-minded audiences. NFTs have the potential to be the way most of people are starting to engage with cryptocurrencies. We think you have that."

With the goal of creating the most seamless and thoughtful user experience in the world today, Kraken NFT includes:

• Zero Gas Fees: Collectors can buy and sell NFTs held on Kraken without congesting the underlying blockchain network or incurring exorbitant network gas fees. Even during peak network activity, aggregators can easily trade the market.
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• Creator Earnings: A portion of the value of eligible NFTs sold on our marketplace is returned to the original creator, rewarding continued innovation and creativity in the field.
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• Rarity Rating: All supported collectibles have a rarity rating so that collectors can better gauge the rarity of an individual NFT by providing information about a potential sale or offer.
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• 200+ Funding Options: Kraken NFT clients can list or offer NFTs in any of the platform's supported fiat or cryptocurrencies. NFTs are currently available in 8 fiat currencies and more than 200 cryptocurrencies.

Collections built on Ethereum and Solana will be the first to be whitelisted for Kraken NFT. Other blockchains will be supported soon. Kraken NFT will be at the forefront of this exciting space, with a growing range of related products reflecting our long-term commitment to the NFT ecosystem.

Kraken is one of the world's oldest digital asset platforms. Kraken clients trade over 200 digital assets and eight different national currencies around the world, including GBP, EUR, USD, CAD, JPY, CHF, AUD, and AED.

Kraken, with more than 2,000 employees, was founded in 2011 and was one of the first exchanges to offer spot trading on margin, parachain auctions, staking, regulated derivatives, and index services. Launched a surveillance NFT marketplace in 2022. Kraken is trusted by more than 9 million merchants and institutions worldwide and offers 24/7 professional online support. Kraken was the first company to conduct a Proof of Reserve audit and has since committed to undergoing a regular Proof of Reserve audit.

Kraken, which employs over 2,000 people, was founded in 2011 and was one of the first exchanges to offer margin trading, parachute auctions, betting, regulated derivatives, and index services. In 2022, it launched a surveillance NFT marketplace.

Kraken, which is trusted by over 9 million vendors and institutions worldwide, provides professional 24/7 online support. Kraken was the first company to conduct a Proof of Reserve audit, and it has since committed to regular audits.

More information is available at Kraken or by contacting press@kraken.com.