OKEx accelerates NFT adoption with DeFi Hub, NFT Marketplace

OKEx continues its commitment to the advancement of the crypto industry and decentralized finance with the launch of DeFi Hub

VICTORIA, Seychelles, Sept. 02, 2021 (GLOBE NEWSWIRE) — OKEx (www.okex.com), a leading global cryptocurrency spot and derivatives exchange, today announced the launch of a decentralized digital asset ecosystem, DeFi Hub. The platform currently features two core products: NFT Marketplace and DeFi Dashboard.

The NFT Marketplace is an end-to-end NFT platform built to empower creators and inspire collectors. Via the platform, anyone can buy, sell and trade NFTs directly, with zero fees paid out to OKEx. What makes NFT Marketplace even more unique is that anyone can use the platform to mint their own NFTs of any kind, using the OEC or Ethereum blockchains.

Newly minted NFTs will be available for sale on NFT Marketplace and creators are given the flexibility to set their own royalty fees. Signalling OKEx’s commitment to protecting the interests of creators, royalty fees for creators are then paid out to them in every subsequent transaction on NFT Marketplace’s secondary market. The NFT Marketplace also lets users import NFTs that have been generated on other supported platforms.

DeFi Hub also offers a way to view and manage decentralized assets across major blockchain networks and DeFi protocols. The DeFi Dashboard displays both a full portfolio view, as well as a separate view for digital collectibles.

“The NFT market is growing rapidly in popularity, creating a need for a comprehensive system for managing NFTs,” said OKEx Director Lennix Lai in a statement. He continued:

“With DeFi Hub, we’ve created an NFT Marketplace that will accelerate NFT adoption by making it easier than ever for anyone to create, exchange, and sell NFTs. We’re also thrilled to launch DeFi Dashboard to bring much-needed improvements to users’ visualizations of their cryptocurrency portfolios.”

About OKEx

Founded in 2017, OKEx is one of the world’s leading cryptocurrency spot and derivatives exchanges. OKEx has innovatively adopted blockchain technology to reshape the financial ecosystem and offers some of the most diverse and sophisticated products, solutions and trading tools on the market. With its extensive range of crypto products and services, its unwavering commitment to innovation, and its local operations to serve its users better, OKEx strives to eliminate financial barriers and realize a world of financial inclusion for all.

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Vivien Choi / Andrea Leung

media@okex.com

WHO Official: Africa to Miss COVID Inoculation Goal Because of Vaccine Hoarding

GENEVA – The World Health Organization reports Africa will fail to reach the global target of vaccinating 10% of vulnerable populations against COVID-19 in every country by the end of September.

WHO’s regional director for Africa, Matshidiso Moeti, blames the situation on what she says is the hoarding of life-saving vaccines by the world’s wealthier countries.

She notes African countries have received more than 143 million doses and inoculated 39 million people, or less than 3% percent of the continent’s population. This, she says, compares to more than 50% in the European Union and United States.

“Equally concerning is the continuing inequity in the distribution of doses. Africa accounts for just 2% of the over five billion doses given globally. This percentage, I’m afraid, has not shifted in months… If current trends hold, 42 of Africa’s 54 countries — nearly 80% — are set to miss the September target, I’m afraid.”

Africa’s third wave of the coronavirus peaked in July; however, WHO reports 24 of Africa’s 54 countries are still reporting high or fast-rising case numbers. The situation is particularly acute in west, central and east Africa.

The latest WHO figures put the number of coronavirus infections at nearly eight million, with more than 214,000 new cases reported this past week. Of the 196,000 Africans who have died from this infection, more than 5,500 lost their lives last week.

Moeti says the pandemic is still raging on the continent, noting every hour, 26 Africans die of COVID-19, the illness caused by the coronavirus. She warns people must not let down their guard, as they remain at risk of becoming severely ill or dying if vaccination rates remain low.

“With concerns about variants and political pressures driving the introduction of booster shots and countries with high vaccination rates expanding their rollouts to reach to lower-risk groups, our hope for global vaccine equity is once again being challenged,” she said.

Moeti says she is encouraged the pace of vaccine shipments to Africa is picking up but adds dose-sharing arrangements must continue to be improved. She says international solidarity remains key to the global recovery from this pandemic.

Source: Voice of America

WTO Backs US in Solar Cell Case Brought by China

BRUSSELS – The United States secured a victory at the World Trade Organization on Thursday in a case brought by China over U.S. measures to limit the import of solar panel cells.

A three-person WTO panel rejected all four of China’s claims and said that the measures did not breach global trade rules.

The United States imposed a system of tariffs and a quota in 2018 after U.S. producers complained that imports of certain crystalline silicon photovoltaic cells had increased to such an extent that U.S. domestic industry risked serious harm.

The safeguard measures are scheduled to be in place for four years, with annual reductions in the duty rates from an initial 30%. The duties have applied to solar modules and, beyond a set quota, to solar cells.

China contested the measures on a series of points, such as that Washington had not established a causal link between the increased imports and harm to industry.

“I welcome the WTO panel’s findings rejecting China’s challenges to the U.S. solar safeguard as baseless,” U.S. Trade Representative Katherine Tai said in a statement.

The safeguards were put in place by then-President Donald Trump at the same time as similar three-year measures for washing machines. Trump extended them by two years at the start of 2021, just before leaving office.

Source: Voice of America