OKEx continues its commitment to the advancement of the crypto industry and decentralized finance with the launch of DeFi Hub
OKEx, a leading global cryptocurrency spot and derivatives exchange, announced the launch of a decentralized digital asset ecosystem, DeFi Hub. The platform currently features two core products: NFT Marketplace and DeFi Dashboard. The NFT marketplace is an end-to-end NFT platform built to empower creators and inspire collectors. Via the platform, anyone can buy, sell and trade NFTs directly, with zero fees paid out to OKEx. What makes NFT Marketplace even more unique is that anyone can use the platform to mint their own NFTs of any kind, using the OEC or Ethereum blockchains.
OKEx believes that NFTs are changing the landscape of art and entertainment by making it easier than ever for fans to support their favorite creators and for artists to mint and trade unique, collectible pieces. The creation of DeFi Hub signals the company’s commitment to protecting the interests of creators by giving them lasting incentives in the subsequent sales of their work.
Commenting on the development, Jay Hao, CEO, OKEx said “The NFT adoption in India is growing at a very fast pace and there is an urgent need for an organized platform which will enable artists to create and trade their artworks in a highly secure digital ecosystem. OKEx NFT marketplace will exclude the middlemen which will ensure maximum value for the artist who put in their hard work in creating the art. This provides Indian artists an opportunity to offer their art to an international audience and similarly, allows Indian users to access art work from International artists. We are also thrilled to introduce our DeFi dashboard which offers an enhanced and more simplified interface to Indian users for managing their digital assets”.
Newly minted NFTs will be available for sale on NFT Marketplace and creators are given the flexibility to set their own royalty fees. Royalty fees for creators are then paid out to them in every subsequent transaction on NFT Marketplace’s secondary market. The NFT Marketplace also lets users import NFTs that have been generated on other supported platforms.
Read More: XML Financial Group Completes Merger with Collins Investment Group
DeFi Hub also offers a way to view and manage decentralized assets across major blockchain networks and DeFi protocols. The DeFi Dashboard displays both a full portfolio view, as well as a separate view for digital collectibles. To use DeFi Hub, like any decentralized application, users need to connect their decentralized wallet to the platform. OKEx’s multi-chain, decentralized wallet, OKEx Wallet — which launched as a browser extension earlier this summer — is also available via the OKEx mobile app as of today.
OKEx is committed to the advancement of the crypto industry and actively supports the development of decentralized finance infrastructure, alongside consumer-friendly DeFi products. In June 2021, OKEx introduced high-performance decentralized blockchain OEC to decentralized app developers, adding Ethereum Virtual Machine compatibility soon after. Now the launch of DeFi Hub, including NFT Marketplace and DeFi Dashboard, is ushering in a new wave of innovation for NFTs and the larger DeFi ecosystem.
Read More: CAIS Welcomes Angelo Gordon to SALT NY Alternative Investments Track
