Bitcoin
Bitcoin (BTC)
$110,215.00 0.86007
Bitcoin price
Ethereum
Ethereum (ETH)
$2,694.43 6.13982
Ethereum price
BNB
BNB (BNB)
$690.74 2.63124
BNB price
Solana
Solana (SOL)
$178.90 2.53236
Solana price
XRP
XRP (XRP)
$2.34 1.52701
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000146 2.15077
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000141 3.29919
Pepe price
Bonk
Bonk (BONK)
$0.000021 4.90973
Bonk price
dogwifhat
dogwifhat (WIF)
$1.15 2.71087
dogwifhat price
Popcat
Popcat (POPCAT)
$0.484808 4.84527
Popcat price
Bitcoin
Bitcoin (BTC)
$110,215.00 0.86007
Bitcoin price
Ethereum
Ethereum (ETH)
$2,694.43 6.13982
Ethereum price
BNB
BNB (BNB)
$690.74 2.63124
BNB price
Solana
Solana (SOL)
$178.90 2.53236
Solana price
XRP
XRP (XRP)
$2.34 1.52701
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000146 2.15077
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000141 3.29919
Pepe price
Bonk
Bonk (BONK)
$0.000021 4.90973
Bonk price
dogwifhat
dogwifhat (WIF)
$1.15 2.71087
dogwifhat price
Popcat
Popcat (POPCAT)
$0.484808 4.84527
Popcat price
Bitcoin
Bitcoin (BTC)
$110,215.00 0.86007
Bitcoin price
Ethereum
Ethereum (ETH)
$2,694.43 6.13982
Ethereum price
BNB
BNB (BNB)
$690.74 2.63124
BNB price
Solana
Solana (SOL)
$178.90 2.53236
Solana price
XRP
XRP (XRP)
$2.34 1.52701
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000146 2.15077
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000141 3.29919
Pepe price
Bonk
Bonk (BONK)
$0.000021 4.90973
Bonk price
dogwifhat
dogwifhat (WIF)
$1.15 2.71087
dogwifhat price
Popcat
Popcat (POPCAT)
$0.484808 4.84527
Popcat price
Bitcoin
Bitcoin (BTC)
$110,215.00 0.86007
Bitcoin price
Ethereum
Ethereum (ETH)
$2,694.43 6.13982
Ethereum price
BNB
BNB (BNB)
$690.74 2.63124
BNB price
Solana
Solana (SOL)
$178.90 2.53236
Solana price
XRP
XRP (XRP)
$2.34 1.52701
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000146 2.15077
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000141 3.29919
Pepe price
Bonk
Bonk (BONK)
$0.000021 4.90973
Bonk price
dogwifhat
dogwifhat (WIF)
$1.15 2.71087
dogwifhat price
Popcat
Popcat (POPCAT)
$0.484808 4.84527
Popcat price

Kraken to close NFT marketplace by February 2025

Jayson Derrick
Edited by
News
Kraken to close NFT marketplace by February 2025

Kraken has announced the shutdown of its NFT marketplace to redirect resources toward new initiatives. 

The marketplace will transition into withdrawal-only mode on November 27, 2024, and fully cease operations on February 27, 2025, according to an email from Kraken seen by crypto.news. 

Kraken explained that the closure will allow the company to focus on undisclosed “new products and services.” Users are urged to withdraw their NFTs to self-custodial wallets or Kraken Wallets before the February deadline. 

Kraken’s support team will assist users in the transition.

The downfall of NFTs 

NFTs, or nonfungible tokens, are unique blockchain assets that verify ownership of digital or physical items. While they gained popularity during the crypto boom, the market has struggled to recover since the 2022 bear market. 

Kraken’s NFT marketplace, launched in beta in November 2022, aimed to tap into the growing interest in NFTs at the time. However, market conditions and shifting priorities have led to the decision to wind down operations.