Nfts
OKX Marketplace now supports the XRGB protocol, pioneering the ERC404 standard for enhanced NFT and listing interactions
SINGAPORE, May 9, 2024 /PRNewswire/ — OKXone of the leading Web3 technology companies, has released updates for May 9, 2024.
(PRNewsfoto/OKX)
OKX Marketplace now supports the XRGB protocol, pioneering the ERC404 standard for enhanced NFT and listing interactions
OKX announced today that its OKX Market has now added support for the cutting-edge XRGB protocol. OKX’s partnership with XRGB ushers in a transformative era for NFT and listing capabilities, leveraging the power of the ERC404 standard.
This integration bridges the gap between NFT assets and the growing Bitcoin listing ecosystem, facilitating the seamless transformation of a wide range of digital assets, including ERC721, ERC1155, Ordinal, Runes, Stamps, Atomic, and Taproot assets towards the ERC404 standard.
Now available on OKX Marketplace, the XRGB protocol allows users to exchange, link and tokenize NFT listings and assets with unprecedented ease. This strategic alliance is expected to redefine how users interact with digital assets, strengthening liquidity and cultivating a more interconnected digital asset landscape.
Additionally, XRGB is set to expand its vision with the addition of three key ecosystem components:
1. Multi-asset and multi-chain support: The XRGB protocol is designed to accommodate a broad spectrum of non-fungible tokens. It simplifies complex processes such as issuing, sending, receiving and tracking digital assets, allowing users to effortlessly manage their collections of digital art, music and other unique assets. This improves their trading experience and promotes a more rewarding user journey.
2. Domain and decentralized digital identity (DID): With a focus on strengthening user privacy and transaction security, XRGB supports a sophisticated framework for decentralized digital identities. This includes identity verification and digital signatures, providing a robust layer of security. Additionally, the protocol facilitates the registration and management of decentralized domain names, improving users’ control over their online presence and digital interactions.
3. DeFi Hub by XRGB: By integrating decentralized exchange (DEX) and lending protocols, XRGB provides a holistic decentralized platform for asset exchanges and financial transactions involving Bitcoin and other assets. This hub plays a vital role in strengthening various DeFi protocols, allowing users to engage in a diverse range of financial services and fostering the growth of a decentralized financial ecosystem.
For more information, please visit OKX Support Center.
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About OKX
A leading global technology company building the future of Web3, OKX offers a comprehensive suite of products to meet the needs of beginners and experts alike, including:
• OKX Wallet: The world’s most powerful, secure and versatile crypto wallet that gives users access to over 80 blockchains while allowing them to keep their own funds. The portfolio includes MPC technology allowing users to easily regain access to their wallet independently, eliminating the need for traditional “written” seed phrases. Additionally, the OKX Wallet account, powered by abstraction, Smart account allows users to pay for transactions across multiple blockchains using USDC or USDT and interact with multiple contracts through a single transaction.
• DEX: A multi-chain and cross-chain decentralized exchange aggregator of 300+ other DEXs and ~15 bridges, with 200,000+ coins and 20+ blockchains supported.
• NFT Marketplace: A no-fee multi-chain NFT marketplace that allows users to access NFT listings on seven leading marketplaces, including OpenSea, MagicEden, LooksRare, and Blur.
• Web3 DeFi: A powerful DeFi platform that supports earning and staking on around 70 protocols across 10+ chains.
OKX partners with a number of the world’s biggest brands and athletes, including English Premier League champions Manchester City FC, McLaren Formula 1, The Tribeca Festival, Olympian Scotty James and F1 driver Daniel Ricciardo.
As a leader in creating innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign titled: The system needs a rewritewhich advocates a new paradigm led by Web3 self-managed technology.
To learn more about OKX, download our app or visit: okx.com
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SOURCE OKX