Category Archives: OKX

Our OKX Ventures division and the Aptos Foundation jointly launch the Ecosystem Growth Fund and Accelerator Program to drive the development of the Aptos ecosystem

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OKX Ventures and the Aptos Foundation, a global leader in blockchain technology, have jointly announced the launch of a new $10 million fund aimed at supporting the growth of the Aptos ecosystem and accelerating the adoption of Web3.

This fund will be used to develop an accelerator program in collaboration with Ankaa, designed to foster the growth of high-quality projects and applications on Aptos – a scalable Proof-of-Stake (PoS) Layer 1 blockchain that uses the Move programming language to make on-chain transactions more reliable, user-friendly, and secure. The accelerator will assist selected projects within the Aptos ecosystem by providing investment capital, expert guidance, market access opportunities, and connections to a vast network of experts from OKX Ventures, Ankaa, and the Aptos Foundation.

A panel of judges from the Aptos Foundation, OKX Ventures, and Ankaa will kick off the accelerator program by selecting five promising projects for its first cohort in September. Ankaa will be the initial investor in the accepted projects and will manage the day-to-day operations of the accelerator program. The initial focus areas for the accelerator program will include, but are not limited to, infrastructure, DeFi, RWA (Real-World Assets), gaming, social media, AI, and other key dApps that contribute to the development and evolution of the Aptos ecosystem and Web3 in general.

Over the past two years, OKX Ventures has invested in more than 300 projects across five continents with a capital scale of approximately $1 billion, covering most investment categories. Through its partnership with the Aptos Foundation, OKX Ventures aims to strengthen its support for advanced blockchain innovations and high-quality projects, committed to delivering long-term value to the ecosystem.

Applications for the Ankaa accelerator program are expected to open in August. OKX Ventures, the Aptos Foundation, and Ankaa encourage all interested developers and projects to reach out to the team via https://ankaalabs.typeform.com/accelerator.

Disclaimer This content is for informational purposes only and may include products not available in your region. It is not intended to provide (i) investment advice or recommendations; (ii) an offer or invitation to buy, sell, or hold digital assets; or (iii) financial, accounting, legal, or tax advice. Holding digital assets, including stablecoins and NFTs, involves high risks and significant volatility. You should carefully consider whether trading or holding digital assets is suitable for you, depending on your financial situation. Please consult with legal/tax/investment experts if you have specific concerns. The information (including market data and statistical information, if any) in this post is provided for general informational purposes only. While we have made every effort to prepare the data and charts, we do not accept any responsibility or legal liability for any factual inaccuracies or omissions presented in this document. Both the OKX Web3 Wallet and the OKX NFT Marketplace must adhere to their respective terms of service at www.okx.com.

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Metaverse Gaming NFT: OKX and Manchester City Unveil ‘Blue Moon’ NFT

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The collaboration between OKX and Manchester City has resulted in the launch of a new NFT product with the release of the second design of the “Invisible City Shirt.”

This campaign features redesigned commemorative football shirts, which can be minted as digital collectibles (NFTs). Fans who wish to claim exclusive rewards can mint these NFTs.

Each minted product will be randomly assigned a rarity level – Classic, Rare, or Super Rare. Depending on the rarity of the digital collectible, fans have the chance to win exclusive prizes, including limited-edition specially designed football shirts and tickets to Manchester City matches.

The new NFT, called “Blue Moon,” was designed by Charli Cohen, inspired by the song played before each home game, which has become the anthem of Manchester City fans. The shirt design illustrates the stages of the moon cycle, with the OKX brand subtly integrated on the shoulder, reflecting its brand colors.

OKX’s Sponsorship of Manchester City Since 2022

OKX has been the official sleeve partner of Manchester City since 2022. Their partnership began in March 2022, when OKX was recognized as the “Official Cryptocurrency Exchange Partner” of the club. This marked OKX’s first venture into the world of sports and entertainment. The sponsorship expanded in 2022, with OKX becoming the official training kit partner for the 2022-2023 season.

In 2023, OKX was honored as the official sleeve partner of the club in a new multi-year agreement. As part of this new deal, the OKX brand is featured on the left sleeve of both the men’s and women’s team match kits, and it will remain on the left sleeve of the first team’s training kits, in addition to being displayed on various other digital and physical club assets.

This partnership has introduced the OKX brand to millions of football fans globally through Web3 experiences like OKX Collective and the recently launched ‘my Fabric’ campaign, featuring global OKX brand ambassadors from Manchester City, including Jack Grealish, Rúben Dias, Alex Greenwood, and Ederson.

OKX collaborates with several leading global brands and athletes, including Premier League champions Manchester City FC, McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympic athlete Scotty James, and F1 driver Daniel Ricciardo.

 

OKX Integrates Options Trading Tools from Greek.live and Expands DeFi Presence via Hashflow

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OKX has announced a partnership with Hashflow, enabling its customers to use their OKX Wallet to connect directly with Hashflow and trade tokens across Ethereum, Polygon, BNB Chain, Arbitrum, Avalanche, and Optimism.

This move strengthens the DeFi ecosystem as cryptocurrency investors grow increasingly concerned about the financial health of some companies in the space, particularly centralized exchanges.

OKX Wallet users can now access Hashflow directly from their mobile wallet, while Hashflow users can trade tokens on Hashflow through the OKX DEX.

Hashflow is a decentralized exchange that allows users to trade any asset across any chain in seconds by simply connecting their wallet. All transactions are commission-free, and all quotes are executed at the displayed price.

In addition to its partnership with Hashflow, OKX is leveraging the Greeks.live options trading platform to provide traders with a variety of tools for options trading on OKX.

The options trading platform offers several free tools for users, including:

  • One-click delta risk hedging
  • Visual position chart
  • T-shaped quote board chart
  • Access to beginner-friendly trading guides

OKX is also now connected with DappRadar. The platform recently partnered with DappRadar to provide users with new ways to connect, explore, and interact with Web3 through a global app store for decentralized applications (DApps).

The world’s second-largest cryptocurrency exchange by trading volume has integrated DappRadar’s API into its platform, expanding the DeFi and GameFi applications that can be explored using OKX’s DApp explorer tool.

Additionally, the OKX Web3 Wallet is now available on DappRadar as the default connection option, allowing users to seamlessly access their Web3 portfolio while purchasing DApps.

This integration marks the first step in a strategic partnership between OKX and DappRadar, with both companies planning to continue collaborating to promote Web3 technology adoption.

As a major partner of Premier League champions Manchester City FC, McLaren Formula 1, golfer Ian Poulter, Olympic athlete Scotty James, and F1 driver Daniel Ricciardo, OKX aims to enhance fan experiences through new participation and financial opportunities. OKX is also the presenting partner of the Tribeca Festival as part of its initiative to bring more creators into Web3.

Earlier this year, OKX partnered with TradingView in a significant move for the crypto exchange. As part of the partnership, TradingView users can now trade on OKX directly through the platform, with access to an additional 640 spot trading pairs and over 100 cryptocurrency derivative instruments.

While OKX has served customers in over 180 countries, the cryptocurrency exchange recently received temporary virtual asset licenses to operate in Dubai. The Seychelles-based exchange has received approval from Dubai’s Virtual Assets Regulatory Authority (VARA).

 

OKX Web3 Wallet: Minimizing Transaction Costs and Maximizing Trading Experience

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Redefining Trading: How the OKX Web3 Wallet Can Become the New Standard for Future Trading Tools

In Homer’s epic The Odyssey, the hero Ulysses tells his crew: “We must accept such risks and seek in faraway places to see if adventure and knowledge can blossom into flowers and fruits.” The development of Web3 wallets mirrors Ulysses’ adventurous journey, exploring tomorrow’s digital world through constant updates and technological leaps.

The initial versions of Web3 wallets were mainly focused on asset management and transaction functionality. With the rise of on-chain applications like DeFi, more complex features such as cross-chain trading, smart contract execution, and DApp integration have gradually been added. Now, Web3 wallets are evolving into comprehensive platforms with advanced features like smart trading, MEV protection, and real-time market data analysis, creating more open and inclusive financial tools for users globally.

However, no matter how Web3 wallet functionalities evolve, the ultimate behavior of users will depend on transactions. The cost and experience of transactions will directly impact the competitiveness of a Web3 wallet in the market. As the flagship product of OKX, the OKX Web3 Wallet is gaining more competitive ground with its optimal trading quotes and user-friendly trading experience.

The simplified Swap and Cross-Chain functions of the OKX Web3 Wallet may seem consistent, but they conceal the ongoing innovation and iteration by the technical team in algorithms, liquidity management, APIs, etc., as well as the foresight of future smart trading tools. From here, users can explore and trade across borders.

Minimizing Transaction Costs

Small Transactions (Swap)

New users, MEME users, and regular users represent the core group of small traders and are among the most critical forces in the cryptocurrency market. These users typically make smaller transactions but are more tolerant of price volatility and market risks. They are often active in community platforms, sharing trading strategies and market insights, while also gathering information from other traders. This behavior clearly reflects the need for Web3 wallet functionalities for small traders.

Since small transactions typically involve tokens with smaller market caps or short-term price fluctuations, users in this category usually trade amounts ranging from tens to hundreds of dollars. They focus on speed and the best price, aiming to minimize costs and fees while participating in new projects and trading pairs, seeking higher investment returns while accepting greater risks.

The OKX Web3 Wallet’s trading section is highly user-friendly for small traders and offers the best quotes.

Firstly, it’s completely free with a fantastic experience. When users make transactions within the OKX Web3 Wallet, they enjoy zero service fees, significantly reducing transaction costs and improving the trading experience. Moreover, the OKX Web3 Wallet also features advanced functions like market pricing, limit orders, and KYT security detection to fully meet user transaction needs.

Secondly, it offers the best deals and personalized options. The OKX Web3 Wallet now supports more than 25 cross-chains, over 30 public chains, 400+ DEXes, and 300K+ tokens. By optimizing cross-chain algorithms, it compares Gas fees and cross-chain bridge fees to select the best path, providing users with the best deals. Additionally, it provides transaction paths for all available cross-chain bridges based on three dimensions: overall optimization, maximum volume, and shortest time, offering personalized options.

Thirdly, it offers vast information and the latest market trends. The OKX Web3 Wallet provides users with massive trading data and the latest market opportunities. It supports over 30 chains and 300K+ tokens and integrates currency data from over 25 chains and real-time liquidity screens to ensure access to the latest market conditions.

To better serve small users, the OKX Web3 Wallet’s trading section has optimized its user interface to be more intuitive and easier to operate. By simplifying the transaction process and improving response speed through mobile app optimization, users can trade and enjoy convenience anytime, anywhere. It ensures the safety of user assets, transaction data, and personal privacy by optimizing security and privacy, while introducing more liquidity providers and increasing liquidity pool variety to ensure users get the best prices for small transactions across various token pairs.

Large Transactions (Swap)

For large-volume traders, the amounts involved are typically much higher, often reaching thousands or even millions of dollars. These traders are often institutional investors, large fund holders, or individual whales. Compared to small traders, large-volume traders tend to make fewer transactions but are more sensitive to risk. They typically engage in more strategic or long-term investments rather than frequent short-term trades.

Large traders are primarily concerned with execution price and transaction costs, often choosing DEX platforms that offer the best execution price and minimal slippage. They also require sufficient market depth and high-quality liquidity to complete large transactions without affecting the market price. Lastly, large traders place high demands on transaction privacy and security. They tend to select DEX platforms that offer strong security measures and privacy protection.

Only a robust wallet like the OKX Web3 Wallet can meet the complex needs and specific market conditions of large-volume traders, especially with its smart price comparison feature that automatically suggests the best price path.

First is smart order splitting technology. For large orders, the OKX Web3 Wallet uses smart order splitting technology to automatically divide the order into smaller ones and execute them across different liquidity pools simultaneously on various DEXes to obtain the best comprehensive price.

Second, it offers MEV protection. The OKX Web3 Wallet uses Flashbots and Blocknative technologies to protect large users from MEV attacks, ensuring the security and fairness of transactions.

Third, it displays and allows large users to select liquidity pools manually, increasing transaction transparency and control.

Fourth, the smart price comparison function in Snap Intent Mode. The OKX Web3 Wallet has launched on-chain liquidity aggregation and smart price comparison functions in Snap Intent Mode, automatically suggesting the best price path for large users. The OKX Web3 Wallet aggregates broader liquidity through UniswapX, allowing users to interact directly with market makers to exchange tokens on Ethereum quickly and more intuitively without paying any Gas fees. Large transactions over 10,000 USDT typically receive better deals.

The OKX Web3 Wallet uses the Snap Mode to allow large users’ orders to be processed more quickly, executed automatically, and matched smartly, improving market liquidity. Especially in volatile markets or high transaction volumes, intent-based trading can respond faster to market changes and achieve better execution prices, thus optimizing large users’ trading efficiency.

Intent-based trading, as an automatic and smart trading strategy, has a significant positive impact on market liquidity and the efficiency of both DEX and CEX platforms. With the advancement of blockchain technology and the expansion of smart contract applications, intent-based trading is expected to be more widely adopted in the cryptocurrency trading market in the future, providing users with a better trading experience.

Maximizing the Trading Experience

Beyond high-quality Swap trading, the OKX Web3 Wallet offers users a smooth cross-chain trading experience.

Cross-chain technology enables users to transfer and exchange assets across different blockchain networks, enhancing the interoperability and flexibility of the cryptocurrency market. For trading platforms, adopting cross-chain technology can significantly improve the trading experience and market participation.

The OKX Web3 Wallet’s trading section supports 23 chains and aggregates 27 cross-chain bridges, including both EVM and non-EVM chains, offering users more asset exchange options. For non-EVM chains, which often have different smart contracts and trading mechanisms, the OKX Web3 Wallet provides strong cross-chain support for Solana and BTC, leading the industry. Through the OKX Web3 Wallet’s cross-chain feature, users can select cross-chain bridges according to their needs and preferences, exchange any tokens on one chain for any tokens on another, significantly simplifying the trading process and optimizing the trading experience and cost-effectiveness.

Currently, the OKX Web3 Wallet’s cross-chain services are entirely free. Users can efficiently transfer and exchange assets between supported chains at a low cost, reducing transaction fees while improving the economics of trading and expanding the types and quantities of assets that can be traded. With the continuous development of blockchain technology and the growth of market demand, OKX Web3 Wallet’s ongoing optimization and innovation in cross-chain capabilities will offer users more choices and a better trading experience, as well as provide more open and efficient financial services.

Redefining Trading

The development of cryptocurrency wallet functionalities is not only a competition of technology and functionality but also a reflection of user experience and market adaptability. The differences, advantages, and disadvantages of various crypto wallets in terms of trading functionality are clear. Each wallet has its unique features and applicable scenarios. The OKX Web3 Wallet serves as an essential channel and platform for users to enter the world of decentralized finance. It is committed to providing users with an efficient, secure, and low-cost trading environment with a user-oriented design that minimizes transaction costs and maximizes trading experiences. It is rapidly becoming the new standard for future trading tools.

Specifically, regarding transaction costs, the OKX Web3 Wallet adopts a no-fee processing strategy, which not only reduces transaction costs for users but also encourages more frequent trading activity. Additionally, its user-friendly interface and simplified operational process allow even new users to easily initiate and complete transactions quickly.

The continuous development of the trading functions of mainstream crypto wallets like the OKX Web3 Wallet reflects the progress of blockchain technology and digital asset management. In the future, as blockchain technology and the cryptocurrency market continue to evolve, the trading functionality of crypto wallets will advance toward being smarter, more efficient, and user-friendly. Its ongoing innovation in asset management, transaction execution, and financial services will contribute significantly to the development of the global digital economy and inclusive finance.

As of May 2024, the global population is approximately 8 billion, yet only about 400 million people are cryptocurrency users. This means that as a vital connection hub between individuals and the global financial network, cryptocurrency wallets will continue to play an irreplaceable role and become the trusted digital choice for holders.

As The Odyssey states: “Man is born to pursue freedom.”

And every Web3 wallet holds hope for the future and greater freedom.

 

OKX House Beta Version Released: Redefining On-Chain Shopping and Digital Ownership

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OKX, a leading global Web3 technology company, has announced the launch of the beta version of OKX House, an online retail platform that offers an immersive virtual shopping experience. Users can now use cryptocurrency to purchase exclusive merchandise from OKX and its partner brands.

“OKX House” seamlessly integrates physical and digital ownership, allowing the OKX wallet community to showcase their on-chain identity in the real world while maintaining true digital ownership. Each item’s NFT can be gifted or traded on the marketplace (such as the fee-free OKX Marketplace).

Unlike traditional e-commerce solutions, OKX House is built on a newly developed on-chain backend system, delivering an end-to-end online shopping experience while maintaining a user-friendly and seamless shopping interface. By combining blockchain technology with retail, OKX House creates a new e-commerce model that merges physical and digital ownership: every item is equipped with a tradeable NFT that can be gifted or sold before the NFT holder can fully claim the physical product. This decentralized authentication system eliminates the need for third-party verification, ensuring transparent and trustless ownership transfers.

OKX House introduces an interactive virtual environment where on-chain communities can explore and purchase exclusive merchandise, claim NFT airdrops, and explore the OKX wallet ecosystem. The initial collection includes OKX-branded apparel such as limited-edition hoodies and caps, each accompanied by a certified NFT that can be traded on NFT marketplaces, including the free OKX Marketplace.

How OKX House Redefines On-Chain Ownership:

  • Exclusive Collections: Limited edition collections from OKX, along with collaborations with McLaren and Manchester City, available only at the OKX Shop.
  • Multi-Chain Support: Use native tokens or stablecoins to purchase goods across six major networks: Ethereum, Polygon, Arbitrum, Optimism, XLayer, and BNB Chain, with support for more networks like Base coming soon.
  • NFT-Backed Ownership: Every physical item comes with a unique, tradeable NFT.
  • Global Logistics: Integrated with DHL for fast global distribution.
  • Custom E-Commerce Technology: A comprehensive infrastructure offering customers a traditional shopping interface and smooth online shopping experience.
  • Fee-Free Transactions: Secondary NFT marketplace transactions are free of charge.
  • Exclusive Partnerships: Through brand collaborations with OKX’s partners, more brand collaborations will be launched soon.

Built for the Community OKX is confident that the cryptocurrency community is driving future changes on-chain. The launch of OKX House is aimed at showcasing the crypto community’s contributions to the real world through fee-free transactions and exclusive limited-edition product releases.

The community is not just a typical storefront. Each item tells a story, existing both in the physical world and continuing on-chain. This represents a deeper sense of ownership and identity, providing customers with branded products digitally certified and available for immediate trade or gifting. This approach redefines the online shopping experience, setting a new standard for the industry. In the future, brand collaborations will introduce more exclusive product lines that combine digital ownership with real-world applications, redefining how on-chain communities interact with brands.

OKX’s Chief Marketing Officer, Haider Rafique, stated, “This new model transforms traditional e-commerce into an event that embodies Web3 values such as true ownership, transparency, and community spirit. We will continue to launch co-branded partnerships and limited-edition products. Through this new retail model, we hope to build a bridge between physical utility and digital ownership.”

In the near future, OKX House will expand its virtual environment and introduce exclusive partner rooms to offer co-branded products from McLaren Racing, Manchester City Football Club, and other community partners.

To learn more, please visit: okx.com/web3/shop (Note: Users can log into their Web3 wallet to access the marketplace, scroll down, or click the banner to enter).