SINGAPORE, Nov. 17, 2023 (GLOBE NEWSWIRE) -- OKX, a leading Web3 technology company, has issued updates for the day of November 17, 2023.

OKX Wallet now integrated with X1 testnet

OKX Wallet is now integrated with X1 testnet. X1 is a Zero-Knowledge Ethereum Layer 2 built with the Polygon Chain Development Kit (CDK) and OKX's new native network. X1 users may pay for gas fees using the OKX platform token, OKB.

The X1 network connects the OKX, Polygon and Ethereum communities, allowing anyone to build on its global on-chain ecosystem. Developers can now use this network to build world class consumer Web3 applications, that would otherwise be harder to build on other ecosystems because of high fees and lack of interoperability.

X1 is Ethereum compatible, which means that all existing EVM smart contracts, developer tools and wallets can work seamlessly on X1 with zero code rework required.

Using OKB as the X1 native token, users can move value seamlessly between OKX and X1, an instant advantage for X1 as it looks to grow the Web3 community to new heights.

For more information, please visit the Support Center.

For further information, please contact:

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ENDS

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

Disclaimer

The information displayed is strictly for educational and informational purposes only. It does not constitute and shall not be considered as an offer, solicitation or recommendation, to deal in any products (including any NFT or otherwise), or as financial or investment advice. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com.