Cryptocurrency exchange OKEx launches DeFi center and NFT market

With the launch of DeFi Hub, the global cryptocurrency exchange OKEx is stepping up its efforts in decentralized finance (DeFi). DeFi Hub is a decentralized digital asset ecosystem that includes a non-fungible token (NFT). )market.

According to the announcement on September 2, the cryptocurrency spot and derivatives exchange launched its DeFi center, which contains two initial tools: the NFT market and the DeFi dashboard. The NFT market enables users to cast their own NFTs and sell them with royalties set by the creator.

Users will be able to import NFT from other supporting platforms such as OKExChain into the OKEx NFT market, where they can “pay OKEx with zero fees” to buy, sell or trade irreplaceable tokens.

The new DeFi Hub needs to be connected to the OKEx wallet, which is a multi-chain decentralized wallet provided by the exchange as a browser extension. It provides a holistic view of user decentralized assets across major blockchain networks and protocols through the DeFi dashboard function.

OKEx Director Lennix Lai emphasized the need to establish an integrated system for the fast-growing NFT market. He stated that the DeFi Center aims to accelerate the adoption of irreplaceable tokens through the NFT market. “We are also pleased to launch the DeFi dashboard, which will bring much-needed improvements to users’ visualization of their cryptocurrency portfolios,” he added.

related: With the rise of CryptoPunks, NFT’s monthly sales reached a record $900 million

NFT is widely used as a new way to create digital art and is a unique verifiable representation of digital and physical goods.Since they are as irreplaceable as ordinary currencies, their value depends on the buyer’s appetite and Seven-figure price of digital art Not uncommon in the NFT world.

As the demand for this new form of digital ownership continues to grow, the NFT market has become a new frontier not only in the crypto ecosystem but also in the broad technological world.Last month, Chinese e-commerce giant Alibaba launched an NFT market that allows trademark holders Tokenized license to sell its intellectual property.