The leading crypto exchange platform, Okcoin has announced an NFT marketplace that will offer NFT trading at zero fees and support uncapped royalties. In this post, we will cover Okcoin Zero-Fee NFT Marketplace.
Okcoin is a US-headquartered cryptocurrency exchange serving 190+ countries and territories. The platform enables retail and institutional investors to purchase 50+ digital assets using local currencies, with a mission to make crypto easy for everyone including first-time buyers. Okcoin was the first centralized exchange to offer direct entry into decentralized finance (DeFi) with Earn, a tool for earning APY through decentralized lending, liquidity pools, staking, and more.
We will cover more about Okcoin Zero-Fee NFT Marketplace, what will this platform look like and what is the future of this platform? It is also claiming to support women. So, without wasting time, let’s start with the Okcoin Zero-Fee NFT Marketplace.
Okcoin Zero-Fee NFT Marketplace
Launched in 2013, the platform is now available in over 190 countries and jurisdictions. Customers have access to more than 50 cryptocurrencies. Okcoin announces NFT Marketplace with Zero Fees. The Okcoin NFT offers uncapped royalties. The Okcoin NFT marketplace is set to see users not only benefit from zero fees NFTs trading but will also offer uncapped royalties.
Okcoin’s NFT marketplace is thus the first such offering from a regulated digital assets platform to provide creators a free rein on just how much royalty secondary buyers can part with.
And it’s not just the elbow room they are getting. The platform’s users will be able to access the NFTs on multiple blockchains, offering them a chance to tap into the benefits of a “free market,” CEO Fang noted.
“We’re launching a free market for NFTs where prices and profits will be determined by supply and demand, more so than anywhere else. Web3 is about restoring economic power to the people, and at Okcoin, we’re doing our part by granting as much sovereignty to individuals as possible when it comes to their money, and now, their art.”
What Will Okcoin Offer?
Okcoin will launch NFTs from well-known collections such as Bored Apes, World of Women, Boss Beauties, and Crypto Punks and allow users to link to external wallets to trade. The NFTs will be minted on the Ethereum, Polygon, Binance, and OKC blockchains.
Hong Fang, the CEO of Okcoin, said the company’s no-fee approach is in contrast to rivals. “Some of our competitors charge a selling fee on top of the sales proceeds,” she said.
The Future Of Okcoin
The NFT market is expected to reach over $80 billion in 2025, up from about $30 billion this year, according to Stephanie Wissink, a Jefferies equity analyst.
Okcoin’s Support For Women NFT Creators
Okcoin NFT is being billed as a marketplace that will seek to bring to the fore collections by marginalized demographics, including women NFT creators. According to the platform, the main goal is to enable diversity and inclusivity.
Okcoin’s Support For Multiple Blockchains
Okcoin NFT will support collections minted on leading blockchains, including Ethereum, Binance, Polygon, and OKC. Other than that, ranking collections will be available. These include Bored Apes, Crypto Punks, World of Women, and Boss Beauties. The marketplace also supports external wallets, while customers can easily use their holdings to buy or sell NFTs.
That’s all for Okcoin Zero-Fee NFT Marketplace.
Okcoin is one of the fastest-growing crypto platforms in the world today. The US-based crypto exchange currently ranks 27th amongst the largest spot crypto exchanges. We will have to wait till it is launched and it is predicted this will bring a new revolution to the NFT world.
Keep exploring our website to learn more about NFTs.
Frequently Asked Questions
Q1. What Is A NFT Sale?
NFT stands for a non-fungible token, which basically means that it’s a one-of-a-kind digital asset that belongs to you and you only. The most popular NFTs right now include artwork and music but can also include videos and even tweets.
Q2. Why Would Anyone Buy An NFT?
An NFT, or non-fungible token, essentially allows its buyer to say they own the original copy of a digital file in the same way you might own the original copy of a piece of physical art. Many or all of the products featured here are from our partners who compensate us.
Q3. Why Is NFT So Expensive?
Why are NFTs expensive? First things first, NFTs are non-fungible, which means that the ownership of the item lies solely with the person. They verify the authenticity of a non-fungible asset, which makes these assets unique and one of a kind. For example, investing in a Picasso piece of art.