Flash News: OKX to Soon Support Metaplex Core Token Standard on NFT Marketplace

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Apr 12, 2024, 04:15 ET

SINGAPORE, April 12, 2024 /PRNewswire/ -- OKX, a leading Web3 technology company, has issued updates for April 12, 2024.

OKX to Soon Support Metaplex Core Token Standard on NFT Marketplace

OKX's multi-chain, zero-fee NFT Marketplace will soon introduce support for the Metaplex Core token standard. This move marks a significant advancement in OKX's ongoing efforts to provide the best possible platform for creators, collectors and developers to engage with NFTs.

Metaplex Core is the latest NFT standard introduced by Metaplex, a Solana-powered framework and protocol that developers can leverage to create and mint NFTs, as well as launch their own collections.

Metaplex Core offers several advantages over other standards, including:

A single account design, efficiently tracking the owner in line with the needs of an NFT standard;
Enforced royalties by default, enhancing the profitability for creators;
Unprecedented cost efficiency, offering some of the lowest minting costs compared to other available alternatives and saving renting fees for unnecessary accounts;
Low compute operations, allowing more transactions to be included in a single block; and
First-class collections, allowing assets to be grouped into unique collections.

Developers interested in building with the Metaplex Core standard are encouraged to reach out to the OKX team, who are happy to help and can provide the resources and guidance necessary to make the most of this new standard.

For more information, please visit the OKX Support Center.

For further information, please contact:
[email protected]

About OKX

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:

OKX Wallet: The world's most powerful, secure and versatile crypto wallet which gives users access to over 85 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, 'written down' seed phrases. In addition, OKX Wallet's account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.
DEX: A multi-chain, cross-chain decentralized exchange aggregator of 400+ other DEXs and approximately 20 bridges, with 200,000+ coins and more than 20 blockchains supported.
NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

OKX partners with a number of the world's top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival and Olympian Scotty James.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

SOURCE OKX