In Brief:
- The Platform will allow users to import NFTs created on other platforms.
- The new DeFi Hub requires a connection with the OKEx Wallet.
Global Crypto Exchange OKEx is increasing its efforts to expand its decentralized finance footprint. The exchange recently unveiled a new platform for minting and trading non-fungible tokens (NFTs). According to the announcement, the DeFi hub initially has two tools namely NFT Marketplace and DeFi Dashboard.
The exchange will enable its users to mint their own NFTs to sell with a royalty fee that is set by the creator. It will also allow users to import NFTs created on other platforms using OEC or Ethereum blockchain. Users can buy, sell and trade NFTs directly “with zero fees paid out to OKEx”.
Lennix Lai, director of financial markets at OKEx, reportedly said that you can currently only import OKExChain-based NFTs but Ethereum-based NFTs will also be supported “at a later stage.”
“We’re also thrilled to launch DeFi Dashboard to bring much-needed improvements to users’ visualizations of their cryptocurrency portfolios.”
Also Read: OKEx Announce Its $10M Program to Incubate the GameFi Projects
The new DeFi Hub requires a connection with the OKEx Wallet. OKEX wallet is a multi-chain decentralized wallet that the exchange offers as a browser extension. It offers a comprehensive view of users’ decentralized assets across major blockchain networks and protocols with a DeFi Dashboard feature.
NFT marketplaces are among the growing interests of the crypto ecosystem.
