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Cryptocurrency exchange Kraken has announced that the new non-fungible token (NFT) marketplace is now open for beta testers who have previously signed up on its waitlist.
The beta testers will soon receive instructions on how to gain exclusive access to the marketplace, which will offer trades without transaction costs for the time being, according to the exchange:
“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.
Gas fees will be incurred when transferring NFTs and other crypto assets on and off the Kraken platform.”
The exchange said that a limited amount of NFT collections will be available to its testers during the beta testing period. Beta testers can also sell NFTs from their collection for cash or one of the 185 cryptocurrencies listed.
“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.”
Kraken first announced its waitlist for their NFT marketplace on May 3 of 2022.