Today news
About the same in other media
Kraken is working on a marketplace where customers can take out loans backed by their NFTs
Reading now: 805
Kraken
Cryptocurrency exchange Kraken is developing a marketplace where customers can use their non-fungible tokens as collateral for loans, according to a Bloomberg interview with CEO Jesse Powell.
«If you deposit a CryptoPunk on Kraken, we want to be able to reflect the value of that in your account. And if you want to borrow funds against that,» Powell told Bloomberg.
Powell was referring to the CryptoPunk collection of 10,000 pixel-art images that's considered a groundbreaking project for NFTs, or digital representations of art, music and other items that live on blockchains.
Kraken's marketplace would provide custody services and could appeal to people who want to do more with their NFTs beyond collecting, Powell said. He told Insider
Read more on markets.businessinsider.comAbout this in other media
The daughter of Blockbuster's former CEO has joined the DAO working to buy the movie-rental company markets.businessinsider.com /2 years ago
Crypto exchange Kraken’s new NFT marketplace to issue loans cointelegraph.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
