Cryptocurrency Exchange OKcoin Launches Zero Fee NFT Trading

As per a press release, Okcoin has officially opened its NFT marketplace. Consumers will have the opportunity to profit from the production and trading of NFTs for free thanks to the Okcoin NFT platform. The news was presented by Hong Fang, CEO of the exchange, during the eMerge Americas conference on Tuesday.

Okcoin claimed in a news release that Fang announced the opening of the NFT marketplace with retired tennis star Serena Williams. As part of the Okcoin NFT marketplace, Okcoin users will be able to trade NFTs for free and earn limitless royalties. To the best of our knowledge, Okcoin’s NFT marketplace is the foremost of its kind to provide artists complete control over the amount of royalties that secondary purchasers are willing to pay. Moreover, they’re receiving more than simply elbow space. As CEO Fang remarked, the platform’s customers would be able to take advantage of the “free market” by accessing NFTs on several blockchains.

“Free markets for NFTs will be established where pricing and profits will be set higher than anyplace else.”

In contrast to non-NFT digital art platforms, NFT platforms provide royalty rates ranging from 0 to 10 percent for the authors of non-NFT digital art. As Web3 gains traction, Okcoin NFT claims that artists will witness an increase in the value of their work.

Fang added:
“Web3 is all about empowering local communities, and at Okcoin, we’re contributing our bit by giving people as much control over their funds and their creativity as conceivable.”

Okcoin NFT is being marketed as a platform that will promote the work of underrepresented groups in the NFT industry, such as women creators. The platform’s major objective is to allow inclusion and diversity. In addition to Ethereum, Binance, Polygon, and OKC, Okcoin NFT will allow collections produced on other popular blockchains as well. Ranking collections, on the other hand, will be accessible. Bored Apes, Crypto Punks, World of Women, and Boss Beauties are just a few examples of them.

Customers may purchase and sell NFTs with ease by using external wallets supported by the marketplace. Currently, Okcoin is among the world’s fastest-growing cryptocurrency platforms. When it comes to major cryptocurrency exchanges, the US-based platform now holds the 27th place position. Since its inception in 2013, the platform has grown to be accessible in more than 190 countries. Customers may choose from more than 50 different cryptocurrencies, including Bitcoin and Ethereum.