Kraken NFT ends beta, Coinbase’s ‘Stand with Crypto’ gets support and more

by · June 9, 2023

Kraken NFT Marketplace exits beta phase

Crypto exchange Kraken has announced that the non-fungible token (NFT) marketplace has exited the beta phase. Along with the launch, the NFT platform highlighted that it had expanded the number of NFT collections from 70 to over 250. According to Kraken, it will continue to add more collections to the marketplace.

Aside from the collection expansion, the firm also announced that it had added support for the Polygon Network, highlighting that the popular Reddit Collectible Avatars will now also be supported by the marketplace.

In the announcement, it said it would not charge gas fees to users when they buy or sell NFTs on the platform. However, the marketplace noted in a disclaimer at the bottom of the post that gas fees will still apply when transferring assets on and off the platform.

Coinbase’s ‘Stand with Crypto’ NFT Campaign Gains Community Support

As the United States Securities and Exchange Commission (SEC) targeted crypto exchange Coinbase in a lawsuit, community members have begun showing support for the trading platform by stocking their booth with Crypto NFTs and putting the shield badge on their Twitter profiles.

In April, when the collection launched, the NFTs had just 15,000 mints and 7,000 owners, according to NFT marketplace OpenSea. Now the collection has over 142,000 mints and more than 52,000 owners, with more users minting the NFTs as the exchange’s legal battle with the SEC intensifies.

Many also expressed support for the move tweeting the shield brands on Twitter, and some even share Coinbase shield artwork.

Related: SEC lawsuit against Binance and Coinbase unites the crypto industry

The Bitcoin NFT Inscription Project allows larger file sizes

Bitcoin ecosystem project New Bitcoin City aims to compete with Bitcoin Ordinals by offering smart contracts and larger file sizes. According to the project, files entered through the “Inscription Village” can exceed 4 megabytes (MB), the limit for Ordinals inscriptions.

The platform highlighted that an Azuki Spirit DAO background with a file size of 6.9MB had already been written onto the Bitcoin blockchain in May.

Ex-Oasis musician turns to NFTs amid chart battle with Foo Fighters

Noel Gallagher’s High Flying Birds, the former Oasis member’s new band, are competing with rock band Foo Fighters for the top spot in the Official UK Albums Chart. However, Gallagher has pulled an ace up his sleeve – NFTs.

Gallagher’s band released a new album called Council Skies June 2, the same day Foo Fighters released an album called But here we are, which is the band’s first release since the tragic death of band member Taylor Hawkins. The two are locked in a battle for the top spot, with Gallagher turning to NFTs in a bid to boost album sales.

On June 7, NFT platform Serenade announced that it is offering unique “Digital Pressings” of High Flying Birds’ new album. The release includes a full audio playback of the album and what it described as a “public ownership stamp” on the blockchain.

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