• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Bet & win BTC
Breaking News: Ecommerce Giant Amazon To Launch NFT Initiative
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Bet & win BTC
Bitcoinist.com
No Result
View All Result
Breaking News: Ecommerce Giant Amazon To Launch NFT Initiative
Advertisement

Crypto Exchange OKEx Launches Own Marketplace Following Second NFT Boom

San Lee by San Lee
1 year ago
in News, Altcoins, Blockchain
0
Advertisement

Without a doubt, August was one of the most consequential months for the non-fungible token (NFT) space. NFT prices and trading volume were bleeding out as Ethereum (ETH) continued to pull back from all-time highs throughout the summer. However, with the resurgence in the crypto markets, the very concept of non-fungible tokens seems more poised for success than ever before. 

As Ethereum (ETH/USD) rebounded from its recent pullback, so to have its proponents. Source: Tradingivew.com

The NFT market set new records last month, posting an impressive $3 billion in trading volume — up from $325 million in July — largely thanks to the explosive growth in popularity in projects such as CryptoPunk, BoredApe, and Parallel Alpha, among others. 

Get 30 FREE SPINS at Punt Casino - NO DEPOSIT REQUIRED! Start Playing Now.
In hindsight, calling the month of May “the top” for the NFT space appears to have been unfounded at best. According to the historical data, the 7-day sales topped at $1 billion in the week of August 27th. Source: Nonfungible.com

Amidst all the frenzy, however, OpenSea, a peer-to-peer NFT marketplace, has emerged as the clear winner. With no other true competitors as of yet, the platform has grown exponentially while nearly monopolizing the still-fledgling NFT space. 

But now, with more revenue to be made than ever before, competition may just have begun to flood in. 

Cryptocurrency Exchange OKEx Unveils Latest NFT Marketplace to Rival OpenSea

Following reports of the NFT space’s historic month, crypto exchange OKEx announced today that it had launched its own platform to mint and trade NFTs.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Offered in the “DeFi” section of its platform, the major exchange will enable users to mint and sell NFTs created on the Ethereum blockchain and OKexChain. On OKeX, users and creators are able to select their own royalty fee.

According to OKEx, its users can move their NFTs from other supported platforms to the OKEx NFT Marketplace and buy, sell or trade their JPEGs with zero commissions or fees paid out to the platform. 

This new feature can be accessed by all OKEx accounts connected to the OKEx Wallet, which is a decentralized wallet offered by the exchange as a browser extension — similar to that of MetaMask. 

As the NFT and DeFi space continues to evolve, OKEx director Lennix Lai stressed the need to develop an effective system that could meet the growing demand, and stated that OKEx’s latest offering would propel further mainstream adoption of non-fungible tokens.

“We’re also thrilled to launch DeFi Dashboard to bring much-needed improvements to users visualizations of their crypto portfolios,” he said.

 

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

San Lee

San Lee

Related Posts

Blockchain

Blockchain For Traceability: Thailand’s Biggest Food Exporter Uses Tech To Monitor Goods

1 day ago
These Altcoins Could Be Ones To Watch For, Santiment Suggests

These Altcoins Could Be Ones To Watch For, Santiment Suggests

2 days ago
Aptos (APT)

Aptos (APT) Jumps 130% In 7 Days, What’s Driving The Price?

3 days ago
Polkadot Speeds Past Cardano To Become Top Crypto By Dev Activity

Polkadot Speeds Past Cardano To Become Top Crypto By Dev Activity

4 days ago
AI crypto token chatGPT

How ChatGPT Could Drive A Dramatic AI Crypto Token Narrative

5 days ago
Korean Financial Services Commission Chair Announces Security Tokens

Korean Financial Services Commission Chair Announces Security Tokens

1 week ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
Metaspins
Metaspins
1xBit
1xBit
Coinplay
Coinplay
K8
K8
Vegas Casino
Vegas Casino

Sportbooks

Coinplay
Coinplay

Press Releases

  • Is Aptos (APT), Solana (SOL), or Snowfall Protocol (SNW)...

    8 hours ago
  • Hector Network launches its NFT marketplace on Fantom...

    8 hours ago
  • Fantom (FTM) launches ecosystem vault to finance dApp...

    8 hours ago
  • Esports Driving the Advancement of Cryptocurrency in Sports...

    22 hours ago
  • Connecting the dots on $PAW. Is Ryoshi back?

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Bet & win BTC

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.