Published: 19.04.2022
Article reading time:
2 minutes.
One of the popular cryptocurrency exchanges has announced the launch of its own NFT platform with zero fees.
Okcoin CEO Hong Fang announced that the exchange is moving into the active phase of developing its own platform for non-fungible tokens (NFT), writes Bloomberg. The exchange has begun compiling a waiting list, and the launch of the platform is scheduled for the end of 2022. The announcement comes amid similar announcements from other crypto exchanges such as Coinbase and Blockchain.com.
According to Okcoin representatives, their marketplace differs from the rest in that it will have zero transaction fees, and will also not limit the NFT royalty rates that artists can set for secondary purchases of their work. The company promises to add the ability to purchase digital art with fiat currency, with a single fee for converting dollars into cryptocurrencies.
Supported blockchains will include Polygon, Binance Smart Chain and Ethereum, as well as support for the MetaMask crypto wallet and other browser-based wallets.
“We want to provide users with a free NFT market where prices and profits are driven by supply and demand more than anywhere else. The Web3 industry is giving people back control over their finances, and we want to do our part by giving our clients as much economic sovereignty as possible,” said Hong Fang.
Earlier, the exchange launched a program to help venture capital companies in order to create an entire network for investments in blockchain projects. As part of the program, companies will have to invest $165 million in initiatives that stimulate the adoption of cryptocurrencies.
Source: Bits
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
