Kraken to Develop NFT Marketplace Offering Token-Backed Loans https://ift.tt/3F7LyhN

https://ift.tt/32mrKco exchange Kraken is developing a marketplace for non-fungible tokens (NFTs) where users can arrange loans using the tokens as collateral, the exchange’s founder and CEO Jesse Powell said in a Bloomberg News interview published Friday. The marketplace will provide custody, and the exchange is figuring out how to determine the liquidation value of NFTs […]