SINGAPORE, Feb. 01, 2024 (GLOBE NEWSWIRE) -- OKX, a leading Web3 technology company, has issued updates for the day of February 1, 2024.
OKX Announces Integration of Moby with its Layer 2 Testnet
OKX today announced the successful integration of Moby with its Layer 2 testnet. With this integration, users can explore a wide range of features, services and the limitless possibilities of OKX's Layer 2, all within a controlled testnet environment.
Moby is a platform designed to revolutionize Initial Coin Offerings (ICOs) by prioritizing community engagement and democratizing the investment process. Moby emphasizes true community-driven projects where the community owns the majority of the token's supply. The platform aims to ensure public ownership of at least 50% of its fees.
Since its inception in November 2023, the Layer 2 testnet from OKX has drawn in over 170 projects, including Quickswap, Galxe and D8X, promoting innovation and collaboration within the Web3 community. The Layer 2 network serves as OKX's native network, aiming to offer users and developers exposure to the largest blockchain ecosystems globally.
OKX's Layer 2 utilizes ZK proofs, ensuring high security and scalability while reducing transaction costs. The network is compatible with Ethereum, allowing seamless and secure deployment of EVM-based DApps. It also provides connectivity with a wide range of smart contracts, wallets and tools.
For further information, please contact:
Media@okx.com
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 80 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 300+ other DEXs and approximately 15 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, 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 learn more about OKX, download our app or visit: okx.com
