Nifty News: Kraken NFT exits beta, Coinbase’s ‘Stand with Crypto’ gains support and more

Kraken NFT marketplace exits its beta phase

Kraken, a crypto exchange, has declared that its Non-Fungible Token (NFT) marketplace has left its beta stage. To celebrate the launch, the NFT platform has declared that it has increased its number of NFT collections from 70 to more than 250. Kraken confirmed that it will keep on adding more collections to its marketplace.

In addition to enlarging its collection, the company also declared that it has incorporated support for the Polygon Network, emphasizing that the widely-known Reddit Collectible Avatars will now also be backed by the store.

In the announcement, it was declared that users would not be charged gas fees when purchasing or selling NFTs on the platform. However, a disclaimer at the bottom of the post warned that gas fees would still be charged when transferring assets to and from the marketplace.

Coinbase’s ‘Stand with Crypto’ NFT campaign gains community support

As the United States Securities and Exchange Commission (SEC) filed a lawsuit against crypto exchange Coinbase, members of the crypto community have begun to demonstrate their support for the trading platform by creating Stand with Crypto NFTs and displaying the shield badge on their Twitter profiles.

When the collection debuted in April, OpenSea reported that there were 15,000 NFTs minted and 7,000 owners. Now, the collection has grown to include 142,000 mints and over 52,000 owners, with even more users creating NFTs as the exchange faces a legal battle with the SEC.

Many also showed their approval of the action by tweeting the shield badges on Twitter, with some even sharing artwork featuring Coinbase shields.

SEC lawsuits against Binance and Coinbase have brought the crypto industry together.

Bitcoin NFT inscription project allows larger file sizes

The newly established Bitcoin City project seeks to rival Bitcoin Ordinals by providing smart contracts and larger file sizes. As per the project, files inscribed via its “Inscription Village” can surpass the 4 megabyte (MB) limit of Ordinals inscriptions.

The platform pointed out that a wallpaper associated with the Azuki Spirit DAO, with a file size of 6.9 MB, had already been embedded within the Bitcoin blockchain back in May.

Ex-Oasis musician turns to NFTs amid chart battle with Foo Fighters

Noel Gallagher’s High Flying Birds, the ex-Oasis member’s new group, is vying with rock band Foo Fighters for the highest position on the Official UK Album Charts. Nevertheless, Gallagher has played his trump card – NFTs.

Gallagher’s band released a new album titled Council Skies on June 2nd, coinciding with the Foo Fighters releasing But Here We Are, their first project since the unfortunate passing of Taylor Hawkins. The two albums are in competition for the top spot, with Gallagher utilizing NFTs in order to increase album sales.

On June 7, Serenade, an NFT platform, declared that it is offering exclusive “Digital Pressings” of the High Flying Birds’ new album. Along with a complete sound playback of the album, the release also includes a “public token of ownership” on the blockchain.

Magazine: 0xDEAFBEEF, NFT Creator: NFTs created by mad scientists deteriorate when they are exchanged.

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