Nfts
OKX NFT Marketplace Now Supports Compressed NFT Trading on Solana
SINGAPORE, April 8, 2024 /PRNewswire/ — OKXa leading Web3 technology company, has released updates for April 8, 2024.
OKX NFT Marketplace Now Supports Compressed NFT Trading on Solana
OKX’s Fee-Free Multi-Chain System NFT Market now allows users to trade compressed NFTs (cNFTs) from creators like Deez Nuts and Drip Haus. This addition marks a significant milestone in the adoption of compressed NFTs on Solana, which is expected to power the next wave of innovative on-chain product experiences.
Compressed NFTs, which are 2,400 to 24,000 times cheaper to create than their uncompressed counterparts, are set to revolutionize the way users interact with NFTs. They offer the same structure as traditional NFTs, but their data is stored off-chain, resulting in significantly lower creation and management costs. This opens up a range of new use cases and ways to onboard more active users to the Solana network.
For more information, please visit the OKX Support Center.
For further information please contact:
[email protected]
About OKX
OKX, a leading global technology company driving the future of Web3, 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, giving users access to over 85 blockchains while allowing them to take charge of their own funds. The wallet includes MPC Technology which allows users to easily regain access to their wallet independently, removing the need for traditional “written” seed phrases. Additionally, the OKX wallet based on account 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 400+ other DEXs and ~20 bridges, with 200,000+ coins and 20+ blockchains supported.
- NFT Market:A zero-fee, multi-chain NFT marketplace that gives users access to 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, Tribeca Festival and Olympian Scotty James.
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 to be rewrittenwhich advocates a new paradigm driven by self-managed Web3 technology.
To learn more about OKX, download our app or visit: okx.com
SOURCE OKX