Powell is the co- founder of the exchange.
There is a Kraken.
Jesse Powell, the CEO of the exchange, said in an interview that they are developing a marketplace where customers can use their non-fungible token as a security.
We want to reflect the value of a deposit in your account. If you want to borrow funds against that.
Powell was talking about the 10,000 art images in the CryptoPunk collection, which are considered to be a ground-breaking project for NFTs, or digital representations of art, music and other items that live on the internet.
Powell said that the marketplace would appeal to people who want to do more with their NFTs beyond collecting. In an interview with Insider, he said that the NFT marketplace would be open in February. Over the past year, Kraken has doubled its base to over 8 million customers.
According to the report, the NFT marketplaces started by the larger rivals of Kraken and FTX Exchange have a waiting list of millions of people. OpenSea is one of the largest marketplaces in the world, but it doesn't offer custody services.
The NFT section of the market grew in value largely due to the popularity of digital art, as the market boomed to a valuation of more than $3 trillion. According to Cointelegraph Research, NFT sales could hit a new high.
Christie's in March sold an NFT art piece for a record-breaking 69 million dollars.
Business Insider has an original article.
