OKEx, a leading global cryptocurrency spot and derivatives exchange, recently announced the launch of a decentralized digital asset ecosystem, DeFi Hub.
DeFi Hub currently features two core products: NFT Marketplace and DeFi Dashboard. The firm said that DeFi Hub, anyone can trade NFTs directly, with zero fees paid out to OKEx. Users can also use the platform to mint their own NFTs of any kind, using the OEC or Ethereum blockchains.
To use DeFi Hub users will require a connection with OKEx Wallet, a multichain decentralized wallet offered by the exchange as a browser extension. The Hub also offers a way for the users to view and manage their decentralized assets across major blockchain networks and DeFi protocols. In DeFi Dashboard you get both a full portfolio view, as well as a separate view for digital collectibles.
At OKEx-NFT Marketplace newly minted NFTs will be available for sale, and creators will have the flexibility to set their own royalty fees. The royalty fees for creators will then be paid out to them in every subsequent transaction on NFT Marketplace's secondary market. The platform also allows users to import NFTs that have been generated on other supported platforms.
Source: OKEx
"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. We’re also thrilled to launch DeFi Dashboard to bring much-needed improvements to users’ visualizations of their cryptocurrency portfolios." said OKEx Director Lennix Lai.
Founded in 2017, OKEx exchange also serves its users with OKEx Insights a research arm that is at the cutting edge of the latest trends in the cryptocurrency industry. In June the exchange introduced ha igh-performance decentralized blockchain OEC for decentralized app developers, along with Ethereum Virtual Machine compatibility.
OKEx said that the NFTs are altering the landscape of art and entertainment by making it easier than ever for people to support their favorite creators and for artists to mint and trade unique, collectible pieces. The launch of DeFi Hub signals the firm's commitment to protect the interests of artists by giving them lasting incentives in the subsequent sales of their work.
Interestingly, last month, Chinese e-commerce giant Alibaba also launched an NFT marketplace to enable trademark holders to sell tokenized licenses to their intellectual property.
