New NFT marketplace on the Kraken ready cryptocurrency exchange.

Kraken founder and CEO Jesse Powell recently told Bloomberg that cryptocurrency exchanges will start trading on non-fungible tokens (NFTs) where users can borrow money using NFT.

Powell explained that the company plans to attend the NFT conference in early 2022 and hopes to further strengthen its ability to determine the value of NFT and whether it can be used commercially for rental.

“When you deposit cryptopunk into Kraken, you want your account to be affected by that amount, and you want to use it as proof of credit,” said Powell.

However, the cost of NFTs is that there is only one token holder holding a digital device equivalent to cryptopunk, and the starting price of the cryptopunk is 66.9 ETH, or $ 273,673 at the time of writing.

According to Powell, the value of NFTs will explode next year.

"The first step is thinking, the second step is buying and supporting performance, and the third step is using NFT work."

Additionally, Kraken recently acquired Declaration, a real estate developer who may promise not to oversee cryptocurrencies to attract new investors. Kraken customers can now enjoy the benefits and rewards of cryptocurrency while managing their digital assets.

Founded in 2011, the Kraken has grown into one of the largest exchanges in the world, according to data from CoinMarketCap, it ranks among the best in terms of average liquidity, transaction volume and digital asset management.

According to Kraken, NFT loans have become more mainstream than DeFi platforms like Arcade and Nexo offering these new loan models. According to a recent report from Cointelegraph, Arcade finalized a $ 15 million funding round around December as part of the company's increased efforts to assess its product portfolio and attract more businesses to use its NFT platform. of expenses.