In the footsteps of Binance NFT, the OKEx trade has additionally launched an NFT market for minting and trading NFTs on OKExChain and Ethereum. They may also enable customers to import NFTs created on different platforms.

Lennix Lai, Director of Financial Markets at OKEx, mentioned that present customers could solely import OKExChain-based NFTs. Ethereum-based NFTs will probably be supported at a later date.

Lai added that NFT creators might set their very own license charges on the platform, which suggests they’ll obtain a share fee that they’ve put on all subsequent transactions.

“For example, if a creator wants to get 20% royalties and a buyer wants to sell that NFT on the secondary market for $ 100, the creator gets $ 20, and the seller gets $ 80,” Lai mentioned. OpenSea allows NFT creators to set license charges of as much as 10%. OKEx has no license price restrictions.

When requested why OKEx is launching the NFT market, Lai mentioned the NFT market has considerable potential and needs to serve customers who’re “NFT enthusiasts” and need to maintain the property in a single place.

OKEx has launched a devoted DeFi dashboard that permits customers to view their whole portfolio in a single place, together with NFTs. Both the NFT Marketplace and the DeFi Dashboard are a part of OKEx’s newly launched DeFi Hub mission.Bach Khoi

According to The Block

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