What is OKX?
OKX was established in 2017 and is one of the world’s top exchanges of derivatives and crypto-currency. OKX has pioneered the use of blockchain technology to alter the financial ecosystem. It currently provides some of the most diversified and sophisticated solutions, products, and trading tools in the market. OKX aspires to erase financial obstacles and create a world of financial inclusion for everyone with its broad range of crypto goods and services, constant dedication to innovation, and local operations to serve its consumers better.
Today, a decentralized digital asset ecosystem named DeFi Hub was launched by OKX (www.okx.com). NFT Marketplace and DeFi Dashboard are the platform’s two main offerings at the moment.
What does NFT Marketplace do?
The NFT Marketplace is a complete NFT platform designed to let producers and collectors connect. Anyone may purchase, sell, and trade NFTs directly through the platform, with no fees paid to OKX. What makes NFT Marketplace incredibly unique is that anyone can use the OEC or Ethereum blockchain to print their own NFTs of any kind on the platform.
Why are OKX and NFT in the news?
According to the best cryptocurrency exchange Germany, OKX, NFTs are revolutionizing the art and entertainment scene by enabling fans to support their favorite creators and for artists to mint and trade unique, collectible works. The establishment of the DeFi Hub demonstrates the company’s commitment to safeguarding the interests of artists by providing them long-term benefits of selling their work.
Newly minted NFTs will be available for purchase on the NFT Marketplace, and artists will be able to establish their royalty costs. Royalty fees for creators are subsequently paid out to them in every new payment on NFT Marketplace’s secondary market, demonstrating OKX’s commitment to defending the interests of creators. Users can also import NFTs created on other supported platforms into the NFT Marketplace.
One may also use the DeFi Hub to examine and manage decentralized assets across many blockchain networks and DeFi protocols. A complete portfolio view and a distinct view for digital collectibles are both available on the DeFi Dashboard.
As with any other decentralized application, users must link their decentralized wallet to the platform to utilize DeFi Hub. The OKX Wallet, OKX’s multi-chain, decentralized wallet, which first debuted as a browser plugin earlier this summer, is now available via the OKX mobile app.
In a statement, OKX Director Lennix Lai stated that the NFT industry is quickly expanding in popularity, generating a demand for a complete framework for managing NFTs.
He further added that they have built an NFT Marketplace on the DeFi Hub that will help speed NFT adoption by making it simpler than ever to produce, exchange, and sell NFTs. He also shared their excitement to introduce the DeFi Dashboard, which will help customers better visualize their cryptocurrency holdings.