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OKX Wallet Integrates its 50th Blockchain, Paving the Way for a More Seamless Web3 Experience

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OKX, the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced the successful integration of 50 different blockchains across its Web3 product offering, marking a major step forward for its vision of creating the industry’s most advanced and inclusive Web3 ecosystem.

To celebrate the ’50 Chains’ milestone, OKX also launched a USDT airdrop campaign to reward its customers. To be eligible, users should:

Full airdrop details as well as terms and conditions are available here.

OKX’s rapidly growing Web3 ecosystem is anchored by the versatile OKX Wallet, a self-custody crypto wallet which allows users to hold their own private keys. OKX Wallet is a portal to the Web3 world, enabling access to both OKX-developed and third-party decentralized exchanges (DEXs), DeFi yield servicesNFT marketplaces and a wide range of dApps.

Haider Rafique, Chief Marketing Officer at OKX, said: “OKX is far more than a crypto exchange – we are a technology company building the infrastructure and tools that will enable a new realm of Web3 opportunities. With the integration of 50 blockchains to our platform, we are creating a more accessible ecosystem for users to enjoy the limitless possibilities Web3 can bring. The Web3 future isn’t coming – it’s already here on OKX.”

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OKX has an ambitious roadmap for further ecosystem development and product expansion. The company plans to continue integrating new blockchains while also investing in research and development to enhance its existing infrastructure and services. Additionally, OKX will expand its educational initiatives in order to promote greater understanding and adoption of blockchain technology among a wider audience as Web3 solutions grow and evolve.

The chains supported are:

Type

Chain

EVM (L1)

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IMX (WEB), Ethereum, OKC, BSC, Polygon, AVAX-C, Fantom, Klaytn, KCC, Metis, Boba, Gnosis (xDAI), Ronin, Moonbeam, Moonriver, Harmony, ETHW, ETHF, Flare, Celo, Core, ETC (Ethereum Classic)

EVM (L2)

Arbitrum One, Optimism, Cronos (EVM), Aurora, Arbitrum Nova

UTXO

ZCash, DASH, BTC, LTC, Bitcoin Cash, Doge

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Cosmos

Cosmos Hub, Osmosis, Juno, Iris, Axelar, Stargaze, Kava, Kuji

Others

Tron, Solana, Aptos (Move Language), BSV, Achain, ARK, Nebulas, EOS, ICON

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Blockchain

Daily Crypto News: BlockchainReporter Empowers Crypto Enthusiasts and Traders with Critical Information to Make Informed Decisions

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Blockchain

Alpha Sigma Capital Research Releases May Report on ASC AI Index

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Blockchain

Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet

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Squad Labs announced that its Series A funding round, led by Electric Capital with participation from RockawayX, Coinbase Ventures, L1D, Placeholder, and Mert Mumtaz, will propel the launch of its Fuse smart wallet. The company aims to establish Fuse as a premier solution for securing and compounding personal digital wealth amid the growing onchain economy.

According to the company’s news release on June 12, smart accounts and smart wallets are gaining traction across blockchains as they offer a more intuitive, secure, and programmable user experience. Fuse abstracts seed phrases and provides features like wallet recovery, 2FA capabilities, and enterprise-level security for personal custody, simplifying the choice of storing digital wealth on-chain.

In addition to securing funding, Squad Labs also announced the public testing launch of Fuse on iOS. This move is part of their strategy to expand accessibility and refine functionality ahead of a full market release.

Meanwhile, a recent report from PYMNTS Intelligence explores blockchain’s role in enhancing cross-border payments. It suggests that integrating blockchain can streamline payment processing, enable digital-to-fiat currency conversion, and introduce stablecoins for faster and cost-effective cross-border transactions. Business-friendly decentralized finance (DeFi) solutions further automate and secure transactions via smart contracts, reducing dependence on traditional payment systems and enhancing security and transparency.

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The report underscores the significance of educating businesses and end-users about the benefits of blockchain-based cross-border payments. It advocates for partnerships with FinTechs and proactive engagement with financial institutions to drive adoption and improve industry-wide support for blockchain technologies in payments.

Overall, Squad Labs’ funding round and Fuse’s development represent strategic advancements in blockchain technology aimed at enhancing digital wealth management and transforming cross-border payment landscapes.

Source: pymnts.com

The post Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet appeared first on HIPTHER Alerts.

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