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January 22, 2022

Kraken CEO Jesse Powell Says Crypto Exchange Eyeing Up Metaverse and Virtual World Ecosystem

The CEO of crypto trade Kraken says that it’s engaged on creating a brand new non-fungible token (NFT) platform because it screens the blossoming metaverse sector.

In a brand new interview with Bloomberg Technology, Kraken chief Jesse Powell says that the rising recognition of NFTs and digital worlds this yr is one thing the trade has observed and plans to get forward of.

“We’re working on an NFT platform right now to give investors exposure to the burgeoning NFT market.”

According to Powell, the metaverse is just going to get bigger as NFTs turn into badges denoting memberships to particular digital golf equipment.

“We’ve seen an incredible quantity of exercise not too long ago round NFTs which can be associated to numerous metaverses, mainly digital worlds, so something relating to land in a digital world, or objects that exist in a digital world, digital clothes you may take throughout digital worlds, they usually current proof of membership in a digital membership.

We assume that is going to get to be a much bigger and larger factor and we wish to be in entrance of that for individuals.”

Looking at Bitcoin, Powell says it’s attainable that the king crypto dips under $40,000 once more, and if it does, it might simply be one other shopping for alternative for BTC bulls.

“A lot of people see anything under $40,000 as a buying opportunity. I was personally buying when we dipped back close to $30,000 a few months ago. I think a lot of people have some dry powder waiting on the sidelines waiting to come back in at rock bottom prices.”


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