Okcoin is the most recent exchange to launch an NFT marketplace

Okcoin claims it will eventually enable users to purchase NFT directly in fiat currency, a feature that entails the cost of converting dollars into cryptocurrency.

The new marketplace will facilitate the creation and sale of NFT on many blockchains, including Ether, Polygon and the Coin Smartchain; collectors will be able to buy and sell NFT using mobile and browser-based wallets such as Metamask.

"We are introducing a free market for pricing and profits for NFT, Okcoin CEO Hong Fang said in a press statement, which will be more influenced by supply and demand than anywhere else. "Web3 aims to restore people's economic power, and at Okcoin, we're doing our part to give people as much control as possible over their money, and now, their art."

What's driving the growth of the NFT photography collection?

Okcoin is partnering with HUG, a Web3 brand committed to diversity and inclusion, to highlight collections from creators underrepresented in the technology and finance sectors. According to Okcoin, the marketplace will also offer collections such as Bored Ape, Women's World, Boss Beauties and Crypto Punks.

Okcoin claims individuals on the waiting list for the now-open marketplace will first receive priority access to an exclusive set of NFTs that will offer holders free crypto, NFTs, and other incentives as part of the release. "Just as blockchain technology promotes financial freedom through cryptocurrencies, it empowers creativity through NFTs," Fang noted.