OKX empowers creators, collectors, and developers with Metaplex Core token standard implementation

OKX, a leading Web3 technology company, has announced updates for April 12, 2024, including the introduction of Metaplex Core token standard support on its multi-chain, zero-fee NFT Marketplace. This integration aims to provide creators, collectors, and developers with an enhanced platform for NFT engagement by leveraging the Metaplex Core standard's benefits, such as efficient tracking, enforced royalties, and low transaction costs.

OKX Empowers Creators, Collectors, and Developers with Metaplex Core Token Standard Implementation

Singapore, April 12, 2024 - OKX, a visionary Web3 technology company, announces significant upgrades to its comprehensive NFT marketplace, including the imminent integration of the Metaplex Core token standard. This strategic move aligns with OKX's unwavering commitment to providing cutting-edge solutions that elevate the NFT ecosystem.

The Metaplex Core token standard, developed by Solana-based Metaplex, revolutionizes NFT creation, minting, and collection management. Its advantages include:

• Streamlined Account Design: Efficiently tracks ownership, adhering to the requirements of a robust NFT standard.
• Enforced Royalties: Protects creators' profitability by default, ensuring fair compensation.
• Exceptional Cost-Effectiveness: Offers some of the lowest minting costs compared to alternatives, eliminating unnecessary account rental fees.
• Optimized Compute Operations: Allows more transactions in a single block, enhancing efficiency.
• Distinct Collections: Enables grouping assets into unique collections, facilitating organization and discovery.

Developers eager to harness the power of the Metaplex Core standard can collaborate with the dedicated OKX team, who provide expert guidance and resources to maximize its potential.

Unveiling OKX's Comprehensive Suite of Web3 Products

OKX's unparalleled suite of products caters to both novice and experienced users, empowering them to navigate the Web3 landscape:

• OKX Wallet: The most secure and versatile crypto wallet, offering access to 85+ blockchains while giving users full control over their assets. Its MPC technology simplifies wallet recovery, eliminating the need for traditional seed phrases. Additionally, the Smart Account feature enables seamless cross-chain transactions using USDC or USDT, and facilitates interaction with multiple contracts through a single transaction.
• DEX: A comprehensive decentralized exchange aggregator, encompassing 400+ DEXs and 20+ bridges, offering access to over 200,000 coins across 20+ blockchains.
• NFT Marketplace: A multi-chain, zero-fee platform that connects users to a vast array of NFT listings from top marketplaces, including OpenSea, MagicEden, LooksRare, and Blur.
• Web3 DeFi: A versatile DeFi platform that supports earning and staking on numerous protocols across multiple chains.

OKX's Collaboration Network and Mission

OKX's partnerships with renowned brands and athletes, such as Manchester City F.C., McLaren Formula 1, The Tribeca Festival, and Olympian Scotty James, reflect its commitment to innovation and excellence.

As an industry leader, OKX actively challenges conventional norms and advocates for the transformative power of Web3 technology. The recently launched global brand campaign, "The System Needs a Rewrite," encapsulates OKX's vision of a decentralized, self-managed future.

Visit okx.com or download the OKX app to explore the latest updates and join the Web3 revolution.

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