On December 24, U.S.-based cryptocurrency exchange Kraken announced that it is developing a marketplace for NFTs where users can trade digital art and collectables and organize loans using the tokens as collateral.
Jesse Powell, the CEO and founder of Kraken, accepted an interview with Bloomberg media outlets. He disclosed that the exchange is developing a marketplace that will offer custodial services for NFTs and facilitate loans for users using such assets as collateral.
In his conversation, the Kraken CEO regarded 2021 as the year of nonfungible tokens, which will be remembered in history as the period in which NFTs become mainstream. Powell admitted that interest in NFTs has been increasing, thus driving a rise in capital inflow. He expects rising demand to attract retail and institutional investors to the NFT platform and provide more than selling and buying digital art and collectables.
Powell talked about the development and said: “If you depos’t a CryptoPunk on…