SAN FRANCISCO, June 15, 2023 (GLOBE NEWSWIRE) -- OKX, the second-largest crypto platform by trading volume and a leading Web3 technology company, has issued updates for the day of June 15, 2023.
OKX Wallet Announces Partnership with BendDAO for NFT Liquidity
OKX Wallet is proud to announce that it has partnered with BendDAO, a leading NFT lending protocol built on Ethereum with USD$160 million total value locked (TVL).
As part of the partnership, BendDAO has integrated OKX Wallet's web extension on their website. In addition, users can access BendDAO's on-chain NFT lending solution through OKX Wallet's Discover platform, which is a gateway that gathers many popular DeFi projects, blockchain games, DEXs, NFTs and supplementary tools. To learn more about OKX Wallet's Discover platform, click here.
This collaboration also gives users seamless access to the following features:
- Instant NFT-backed loans
- Collateral listings
- NFT down payments
- Up to 40% of the floor value of a listing before it even sells, as well as the ability to purchase listings with a minimum down payment of 60%
This partnership between BendDAO and OKX Wallet is expected to provide a boost to the NFT liquidity space, further promoting the growth of the Web3 ecosystem.
OKX Wallet Collaborates with Petobots and Bitstar War to Bring More GameFi Projects to Users
OKX Wallet is proud to announce that it has partnered with two GameFi projects: Petobots and Bitstar War. Both projects are now integrated with OKX Wallet, with more capabilities to come.
Petobots is an NFT-based game that allows players to build their own robots and compete against other players in a virtual arena. Bitstar War, on the other hand, is a GameFi project that allows players to collect and trade virtual spaceships in a futuristic universe. It claims to be the first interstellar-themed blockchain game inspired by Bitcoin mining.
This partnership announcement follows the recent addition of Bounce Finance - a decentralized platform for initial DEX offerings (IDOs) and auctions - to OKX Wallet's Web3 learn-to-earn platform, Cryptopedia.
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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 the OKX Wallet, NFT Marketplace and DEX.
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, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.
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 replace existing centralized systems.
To learn more about OKX, download our app or visit: okx.com
Disclaimer
THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. OKX IS NOT ASSOCIATED WITH ANY PARTICULAR DEFI PROTOCOL, MAKES NO WARRANTIES, REPRESENTATIONS OR UNDERTAKINGS RELATING TO ANY DEFI PROTOCOL’S OFFERINGS, AND IS NOT RESPONSIBLE OR LIABLE FOR ANY DIRECT OR INDIRECT LOSS OR OTHER DAMAGE ARISING FROM YOUR USE OF ANY DEFI PROTOCOL. OKX WALLET IS AN AGGREGATOR; ALL DISPLAYED ESTIMATED RETURN RATES ARE PROVIDED BY THE DEFI PROTOCOL, AND ARE NOT GUARANTEED NOR INDICATIVE OF FUTURE RETURNS. PLEASE CONDUCT YOUR OWN DUE DILIGENCE BEFORE INVESTING IN ANY DEFI PROTOCOL. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.
