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Kraken NFT Marketplace Leaving Beta
Cryptocurrency exchange Kraken has announced that its non-fungible token (NFT) market is out of beta. Along with the launch, the NFT platform highlighted that it has expanded the number of NFT collections. The platform noted that it has increased support for collections from 70 to over 250. According to Kraken, it will continue to add even more collections to its marketplace.
We are launching out of BETA! #KrakenNFT is your gateway to buying, selling & learning about NFTs!
Read our latest announcement: https://t.co/3Xnn2tMyST pic.twitter.com/l1LTizqwT1
— KrakenNFT (@KrakenNFT) June 8, 2023
In addition to expanding the collection, the company also announced the addition of support for the Polygon Network, emphasizing that popular Reddit collectible avatars will now also be supported by the marketplace.
In the announcement, the NFT trading platform also revealed that it will not charge gas fees to its users when buying or selling NFTs on its platform. However, in a disclaimer at the bottom of the post, the marketplace noted that gas fees would still be charged when transferring assets to and from their platform.
Coinbase “Stand with Crypto” NFT Campaign Receives Community Support
As the US Securities and Exchange Commission (SEC) targeted cryptocurrency exchange Coinbase in a lawsuit, community members began showing their support for the trading platform by issuing their “Stand with Crypto” NFTs and posting a shield icon on their Twitter. profiles.
Time to #StandWithCrypto. ️
Join the movement for sensible cryptocurrency policy. Mint the latest NFT. Existing holders = new metadata ready for you.
— Coinbase ️ (@coinbase) June 6, 2023
Back in April, when the collection was launched, the NFT had just 15,000 mints and 7,000 owners, according to the NFT marketplace OpenSea. The collection now has over 142,000 mints and over 52,000 owners, and as the exchange’s legal battle with the SEC intensifies, the number of NFTs is on the rise.
Many also expressed their support for the move by tweeting shield icons, and some even shared images of Coinbase shields.
Coinbase has been a public company since 2021 and has looked for regulatory guidance at every turn
I support @brian_armstrong for standing up to the SEC and hope this brings more clarity to the space
Today we #StandWithCrypto ️ pic.twitter.com/daKDHiMvDu
— Elena (@ElenaaETH) June 7, 2023
Related: SEC Lawsuits Against Binance and Coinbase Bring Crypto Industry Together
Bitcoin NFT Label Project Enables Larger Files
The Bitcoin ecosystem project New Bitcoin City aims to compete with Bitcoin Ordinals by offering smart contracts and larger files. According to the project, files written through its “Inscription Village” can exceed 4 megabytes, the limit for ordinal inscriptions.
Gm New Bitcoiners,
Welcome to The Inscription Village — a place where files can be inscribed with smart BRC-721 using smart contracts and stored eternally on the Bitcoin blockchain.
Take the lead in inscribing smarter and larger inscriptions.https://t.co/YDQXl82I86
— New Bitcoin City (@NewBitcoinCity) June 7, 2023
The platform highlighted that the Azuki Spirit DAO wallpaper, with a file size of 6.9 MB, was already signed into the Bitcoin blockchain back in May.
Ex-Oasis Musician Addresses NFT Amid Chart Battle With Foo Fighters
Noel Gallagher’s High Flying Birds, former Oasis member Noel Gallagher’s new band, are competing with rock band Foo Fighters for the top spot on the official UK album charts. However, Gallagher pulled an ace out of his sleeve – NFT.
The new album, Council Skies, was released by Gallagher’s band on June 2, the same day that the Foo Fighters released But Here We Are, their first release since the tragic death of band member Taylor Hawkins. The two went head-to-head for the top spot, with Gallagher turning to the NFT in an attempt to boost album sales.
Here it is! The format exclusive artwork of @NoelGallagher‘s High Flying Bird new album, Council Skies. Unique to the Digital Pressing, alongside the Making of… Parts 1&2, available tomorrow at 10AM. Sign-up here: https://t.co/eIQkRzgmGm pic.twitter.com/qDa7SxULf2
— Serenade (@serenade__co) June 7, 2023
On June 7, NFT Serenade announced that it was offering unique “digital copies” of his band’s recently released album, Council Skies. The release includes the full audio playback of the album and what they called a “public seal of ownership” that resides on the blockchain.