OKX Expands NFT Marketplace to Include Base and Linea Blockchains September 6, 2023 September 6, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsSeptember 6, 2023 by Kelly Cromley

OKX Expands NFT Marketplace to Include Base and Linea Blockchains

In a recent development, OKX, a prominent player in the Web3 technology landscape, has enhanced the capabilities of its NFT Marketplace by integrating support for Base and Linea blockchains. This strategic move, aimed at broadening the platform’s compatibility, comes on the heels of OKX’s earlier decision to incorporate Base and Linea into its wallet services, effectively extending the marketplace’s reach to encompass a total of 17 distinct blockchain networks.

Notably, OKX has previously provided support for NFTs on an array of blockchain networks, including Ethereum, Solana, Binance Smart Chain, Polygon, OK Chain, Immutable X, Aptos, Optimism, Klaytn, Arbitrum, and Avalanche Chain.

Base, an Ethereum Layer 2 (L2) solution, operates on the open-source Optimism Stack. Its primary objective is to address the blockchain trilemma, addressing concerns related to scalability, security, and decentralization. Base achieves this by offering interoperability and composability for participating rollups. Furthermore, the inclusion of Base into OKX’s ecosystem brings with it liquidity from OpenSea, a prominent NFT marketplace, thus fortifying OKX’s presence in the NFT space.

Linea, another noteworthy addition, is a project developed by ConsenSys. It leverages Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARK) cryptography technology. As an Ethereum Layer 2 solution, Linea focuses on enhancing transaction throughput while upholding a secure environment. This aligns with the broader industry push towards scalability within the Ethereum network.

OKX’s NFT Marketplace has gained recognition for its extensive support of multiple blockchain networks, currently accommodating over 11 distinct networks. It serves as a centralized hub for a wide spectrum of NFT transactions, encompassing activities such as buying, selling, trading, and collecting. This comprehensive approach positions OKX’s NFT Marketplace as one of the most versatile platforms within the Web3 space. Among the prominent NFT marketplaces that it supports are OpenSea, LooksRare, and Magic Eden.

While OKX has garnered attention for its high-profile partnerships with brands and athletes, including Manchester City F.C. and McLaren Formula 1, the organization remains steadfast in its commitment to technological innovation. This commitment is underscored by OKX’s recent global brand campaign, “The System Needs a Rewrite,” which signifies its dedication to challenging the existing norms and driving progress through the adoption of Web3 technologies.

The integration of Base and Linea into the OKX ecosystem represents more than just the addition of new features; it signifies a strategic move that could have far-reaching implications within the NFT and blockchain sectors. By embracing a diverse range of blockchain networks, OKX positions itself as a versatile platform capable of adapting to the evolving needs of the dynamic Web3 community.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.