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Kraken will offer a non-fungible token (NFT) platform

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The fashion is definitely for non-fungible tokens (NFT) on the side of centralized exchange platforms (CEX). The announcements follow one another: this week, it is Kraken which confirmed that it will soon be opening a marketplace

Kraken will offer a marketplace for NFTs

Kraken CEO Jesse Powell confirmed the news in an interview with Bloomberg. He said it’s about giving customers access to a particularly dynamic area right now:

We’re working on an NFT platform right now, to give investors exposure to the emerging NFT market.

Powell says it’s the metaverses in particular that will explode in the coming months and years:

There is an incredible level of activity recently around NFTs related to various metaverses. […] We think it’s going to get bigger and bigger, and we want to be at the forefront of that. “

Kraken’s CEO notes in particular NFTs representing virtual world plots, or those based on digital clothing for avatars.

NFTs are coming to centralized exchanges

Once the almost exclusive playground of the decentralised OpenSea platform, NFTs are starting to spread elsewhere. A fortnight ago, Blockchain.com announced its integration of an NFT platform. Last October, the giant Coinbase also confirmed its interest in the field.

The numbers are staggering. According to NonFungible’s data, NFT’s daily sales currently exceed $32 million. Over the month, more than $1.5 billion has passed through NFT markets.

Monthly sales have been growing throughout 2021, particularly at the end of the year. And while there has been a downturn in recent weeks – due in part to the fall in cryptocurrency prices – the sector doesn’t look like it’s going anywhere anytime soon.

Number of NFT sales for the year 2021 (Source: Nonfungible)

Number of NFT sales for the year 2021 (Source: Nonfungible)


It is therefore conceivable that the major centralized exchange platforms will start to offer this type of service one after the other.

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