Okcoin is the most recent exchange to launch an NFT marketplace

NFT mania shows no signs of abating as cryptocurrency exchanges look for new ways to connect their consumers to the digital art market. To that end, Okcoin CEO Hong Fang said today that the San Francisco-based exchange is entering the NFT fray by launching its own marketplace.

It began accepting queue names today and hopes to launch later in 2022. the launch of Okcoin coincides with Coinbase and Blockchain.com also announcing their upcoming NFT marketplaces.

Founded in 2013, Okcoin wants to differentiate itself from other current cryptocurrency exchanges such as Crypto.com, FTX, and Binance by having an NFT marketplace, claiming that their NFT marketplace will have no transaction costs.

According to the Okcoin NFT waitlist website, "just refuel, no fees" .

Not only that, Okcoin also claims that it will not limit the NFT royalty rates that creators can set for secondary purchases of their work.