Kraken NFT marketplace launches with over 250 collections

The exchange’s NFT platform has been in the works since their private beta launch in October 2022

article-image

VTT Studio/Shutterstock modified by Blockworks

share

Kraken, a centralized exchange headquartered in San Francisco, has announced that its NFT marketplace is now live. The marketplace launched with a selection of over 250 unique NFT collections.

A notable feature of the new marketplace is its gasless experience — when purchasing or selling a digital asset on the platform, a user will not be charged for the transactions. This will be the case regardless of market conditions.

Gas fees, however, will be charged for transferring digital assets on and off the platform. 

The Kraken NFT marketplace has been in the works for over a year, launching a public beta version of its testnet in November last year. 

During its beta phase, the marketplace supported NFT collections from Ethereum and Solana. With its public launch, the marketplace has expanded its offerings to include digital collectibles from Polygon as well. This includes popular items such as its “red-hot Reddit collectible avatars.”

The marketplace also aims to be user friendly for non-crypto-native traders.

Most NFT platforms today require their users to have a crypto wallet to purchase digital collectibles. Kraken’s platform accepts fiat and cryptocurrencies — meaning users can bid on a NFT even if they do not own any tokens.

For those who do have a wallet, the NFT marketplace currently supports MetaMask and Phantom, with plans to later connect with WalletConnect. 

Kraken’s decision to launch its NFT platform comes amid a US government crackdown on centralized exchanges. Competition in the NFT marketplace remains fierce, with marketplace giants OpenSea and Blur dominating the space.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Nillion_DeSci_Report_Template.png

Research

Nillion’s Monad Integration is poised to catalyze the next phase of DeSci’s evolution by eliminating key privacy bottlenecks. This synergy allows researchers, institutions, and DAOs to exchange sensitive data and insights securely while managing governance and payments onchain.

article-image

Celebrating the wisdom of a diamond-handed Bitcoin Legend

article-image

With the success of RWAs and stablecoins, DePINs could onboard the next wave of crypto users

article-image

Is crypto straying too far from things of value?

article-image

Firedancer and Solana ETFs look less significant than before

article-image

The newly passed House bill amplifies that strategic pivot for the Trump administration, from attempting austerity to running the economy hot

article-image

Unable to secure further funding, the game cycled through three different blockchains and at least five different game engines since 2018