Major crypto exchange OKEx is playing bigger into the decentralized finance (DeFi) market as it moves to introduce a decentralized digital asset ecosystem called the DeFi Hub.
A recent report specified that the new OKEx endeavor includes two departments, namely the DeFi Dashboard, and NFT Marketplace. On the marketplace, users can create their own NFTs and specify a royal fee.
The NFT Marketplace will also allow users to import NFTs from other platforms. Supported platforms, including OKExChain, would have NFTs transferable to the NFT Marketplace. Here, users can trade NFTs without paying OKEx any commission or trading fees.
To use DeFi Hub, interested persons must connect with multichain decentralized wallet, OKEx Wallet. The wallet, which functions as a browser extension, allows an expansive view of each user’s decentralized assets on multiple blockchain networks. The feature also works on the DeFi Dashboard.
According to OKEx director, Lennix Lai, a major aim of the DeFi Hub is to quicken the adoption rate for NFTs, through the marketplace. According to him. The Dashboard would also improve users’ general experiences:
“We’re also thrilled to launch DeFi Dashboard to bring much-needed improvements to users’ visualizations of their cryptocurrency portfolios.”
Image Credits: Pixabay
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