OKX Wallet Unveils Web3 Learn-to-Earn and Airdrop Platform May 13, 2023 May 13, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsMay 13, 2023 by Kelly Cromley

OKX Wallet Unveils Web3 Learn-to-Earn and Airdrop Platform

A significant update has been released by OKX, which is the second-largest cryptocurrency exchange by trading volume and a pioneer in Web3 technology. Cryptopedia, a Web3-based platform for earning and learning, has been launched by OKX Wallet. This new feature enables users to earn NFTs and potentially receive more airdrops by performing on-chain tasks.

The goal of Cryptopedia is to simplify the process of identifying potential Web3 projects and dApps for users and to lower the entry barrier for Web3. Major Web3 projects have collaborated with OKX Wallet to create quests that guide users in identifying and executing the correct interaction methods to receive airdrops and rewards.

The first edition of Cryptopedia is focused on the zkSync Era. Users who finish tasks in the zkSync problem of Cryptopedia using OKX Wallet may be eligible for zkSync airdrops and other project-related airdrops. NFTs created collaboratively by OKX Wallet and zkSync will also be collectible by them. Completing OKX NFT and OKX DEX missions increases the likelihood of obtaining rare NFTs. Access more Cryptopedia information by clicking on this link.

The zero-knowledge proof-based scaling protocol for Ethereum Layer 2 is called zkSync. The latest version of the protocol has improved significantly, offering quicker transaction speeds and lower transaction fees compared to the previous one. It is compatible with Ethereum and other EVM-compatible applications, in addition to being a zkEM.

A partnership has been established between OKX Wallet and Radiant, a decentralized lending protocol that operates on Arbitrum and BNB Chain. As part of the partnership, Radiant’s lending service can be accessed by OKX Wallet users through a plug-in. OKX Wallet’s Discover platform will provide access to Radiant’s decentralized lending services.

Radiant is a money market that supports multiple chains, allowing users to deposit an asset on one chain and borrow various supported assets across different chains. Marinade, a non-custodial LSD protocol developed on Solana, has collaborated with OKX Wallet to offer its users access to Marinade’s liquidity staking service through the OKX Wallet plug-in.

Users can earn liquid staking rewards by staking encrypted assets such as SOL through this partnership. Users will be able to access Marinade through OKX Wallet’s Discover platform, which will enable them to engage with Marinade’s liquidity staking services and generate passive income from their cryptocurrency assets.

Marinade is a protocol on Solana that is non-custodial. Users can contribute to the decentralization of the Solana ecosystem and earn compound interest by staking SOL tokens.

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.