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OKEx launches NFT Marketplace and DeFi hub to accelerate NFT adoption in India

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.

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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.

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.

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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.

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To use DeFi Hub, like any decentralized application, users need to connect their decentralized wallet to the platform. OKEx’s own 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.

“The NFT market is growing rapidly in popularity, creating a need for a comprehensive system for managing NFTs,” said OKEx Director Lennix Lai in a statement. He continued:

“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.”

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.

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