Crypto exchange OKEx launches NFT marketplace and DeFi hub

Cryptocurrency exchange OKEx has launched a new platform that will enable users to mint, store and trade NFTs.

The NFT marketplace supports the trading of NFTs (non-fungible tokens) on both OKEx’s native blockchain, OKExChain, and Ethereum alongside allowing users to import NFTs created and stored on other platforms.

The platform will also allow users to mint their own NFTs “of any kind” using both blockchains and enable users to set their own royalty fees.

These royalty fees are then paid out to an NFT creator in every subsequent transaction on the marketplace’s secondary market. Additionally, OKEx noted that zero fees are paid out to the exchange for sales of NFTs.

OKEx Director Lennix Lai noted that the marketplace is needed to effectively manage NFTs, and bring further adoption to the space.

“With DeFi Hub, we’ve created an NFT Marketplace that will accelerate NFT adoption by making it easier than ever for anyone to create, exchange, and sell NFTs,” he said.

“The NFT market is growing rapidly in popularity, creating a need for a comprehensive system for managing NFTs.”

The platform currently supports a number of projects, which are due to be minted in the coming weeks before being listed on the secondary marketplace. It currently supports Metamask,  OKEx wallet and WalletConnect.

Holistic dashboard

OKEx’s DeFi Dashboard provides users with a holistic dashboard that enables the management of decentralised assets across major blockchain networks and DeFi protocols such as Uniswap, Aave and Sushiswap.

Additionally, “convenient farming tools” will be introduced in the future that will allow users to have simple access to yield farming protocols and invest their assets “easily and securely”.

To use the dashboard, users are required to use the OKEx Wallet browser extension, which is compatible with both blockchains.

Lai also noted the advantages provided through the DeFi dashboard.

“We’re also thrilled to launch DeFi Dashboard to bring much-needed improvements to users’ visualizations of their cryptocurrency portfolios,” he added.