Meet OKX: A new identity for a big future

Starting today, we are renaming the company from OKEx to OKX.

We are now okx.com. Our apps will be rebranded to reflect our new name, new logo and our new identity. More to come in the following six to 12 months.

Why OKX?

When our team just started the journey in crypto, Bitcoin was in its infancy as a network. Ethereum was still being developed. Other public blockchains and applications were no more than white paper concepts. However, through Bitcoin, we caught the glimpse of a refreshingly different future, a real open system for everyone where every individual has freedom and dignity to maximize and truly own their own value.

That was what got us started in the first place. OKEx began as a crypto exchange. The “Ex” in our name represents the open marketplace we have been focused on building for everyone to freely access and exchange their crypto assets. We started as a centralized exchange because that was what was needed and feasible for our industry to grow.

Fast-forward to 2022, the market value of crypto has reached over $2 trillion, roughly 20% of gold’s market cap. The rise of decentralized finance, NFTs and metaverses are creating exciting possibilities. Web 3.0, a mere concept 10 years ago, has become the new frontier of this wave of technological revolution. Change is the name of our game.

As our industry evolves and captures the attention and imagination of more entrepreneurs, builders and explorers, OKEx has also been evolving. While we have built the most reliable and advanced centralized crypto exchange infrastructure to serve 20+ million customers around the world, we never stopped challenging our own status quo. We have been developing decentralized products to advance crypto globally, including MetaX (your best access to everything decentralized), a noncustodial wallet that is compatible with multiple blockchains, an NFT marketplace, and OEC (a DEX with high-performance metrics with exciting features under development and a growing community), to name a few.

We are building so much more than a centralized exchange. It is time for us to evolve our brand to reflect what we stand for and what we are building toward. We want to venture with you into the possibilities that exist ahead of us — intersections between crypto and so many worlds we’ll enter together. Finance (DeFi) and gaming (play-to-earn) are just the starting points. That’s why we’re dropping the E and dialing up the X to pave that path. We hope this change will help the journey each of you takes through our platform, whether trading, staking or going through one of the metaverses.

What hasn’t changed?

Our commitment to building a more decentralized and smart future. We are here to build a world that is powered by technology, defined by billions of dreams, and empowering billions of individuals around the world. Together with many others in the crypto industry, we are building an increasingly decentralized infrastructure layer that connects people one-on-one around the world, forms autonomous and purposeful communities, and gives them tools to fulfill their own dreams.

*Our focus on customers.  *A big part of this change was also driven by the constant drive to improve our products for our customers. That drive has won us support and trust from all of you around the world, through good and bad, which in turn has carried us through many of our own growing pains. Our commitment to you won’t change regardless of how we are branded. We are here to serve you. We hope that with a refreshed brand, we will offer you even stronger innovation, more upgraded experience and deeper delight across our ecosystem.

What’s next?

We are committed to investing deeply in the future of crypto.

MetaX, a new experience within OKX, provides a multi-chain self-custody wallet and NFT marketplace, along with a DEX and DApp ecosystem.

We have introduced OEC (OKX’s decentralized chain), which offers about 1,000 transactions/second.

In the future, OKX will continue to launch the next generation of crypto products and build on our existing ones, use OKB as a bridge between the OKX platform and you, and use OKT as the native token of OEC.

Thank you for being part of this journey with us. The future of more empowered individuals is Xciting and Xcelerating with all of you!

New year, new us. To continue our commitment to the advancement of the #crypto industry and #Web3, we've rebranded to #OKX. Join us at the world's leading crypto ecosystem. Read more about our rebrand here.

New Website: OKX.com

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On January 12th, the Chief Brand Officer of Shambala, Monica Bean, joined a live Ask Me Anything session on the official OEC Telegram channel and answered questions from the OEC team.

The purpose of the event was to introduce Shambala to the OEC Community.

The following is a recap of the AMA.

We have noticed that new features were added soon after the game was launched, and the game’s playability has been enhanced. How do you position the first game launched by Balagame?

Monica Bean: You have a keen perception. We are indeed strengthening the entertainment and playability of the game, and weakening the pure gold-making function. We believe that the pure gold-making game is unhealthy and cannot be operated for a long time. The goal of Balagame is to be a decentralized gaming platform. We will continue to operate for many years and continue to launch high-quality games so that users can continue to obtain NFT assets while having an entertaining experience.

What kind of platform is Balagame aiming to be? How to cooperate with third-party game development teams?

Monica Bean: After the first GameFi product is launched, Balagame will focus on the development of GameFi’s underlying protocol, a decentralized game platform, to facilitate third-party game studios or individuals to create their own GameFi products in Balagame. In 2022, we expect that more traditional game studios will enter the field of encrypted games and launch a new generation of encrypted games that not only provide economic incentives and real ownership but also provide first-class gameplay.

This is a bit similar to Gala’s platform model. Balagame will form a game matrix in the future, carefully selecting products suitable for our platform from the products developed by excellent game teams around the world, to meet the diverse entertainment needs of users and enrich the game ecology of the platform.

We are about to provide early fundraising (IDO) and initial game product release (IGO) for games in the ecosystem.

Are there plans for the next game?

Monica Bean: The preliminary planning has been completed, and it will be a high-quality NFT chain game.

Is there a clear plan and time to be listed on exchanges?

Monica Bean: It will definitely be listed on a number of major exchanges. We have already received listing invitations from some exchanges. We will go online at the established rhythm. You won’t be disappointed.

It says that you are going to sign a star. Has it been confirmed yet?

Monica Bean: Yes, it has. We will announce the news soon. He will be the first A-list star to join Shambala Metaverse. There will certainly be many world-class stars in the future.

We’d like to know the plan for the future avatar NFT. Will the Avatar NFT be integrated into the game in the future?

Monica Bean: Shambala Metaverse is a long-term project. The NFT of the Shambala Avatar is the identity of Shambala’s virtual world. There will be scarce and normal versions of different levels, which will not only have a collection value but also be tied to the game, such as improving mining efficiency, tickets for virtual concerts, etc.

We noticed that Shambala was positioned as a metaverse project from the very beginning. Shambala’s future is not just a game platform, right? What is the vision for the future? Is it also a virtual world like The Sandbox?

Monica Bean: Yes, Shambala metaverse will be launched for public access very soon. We have been preparing for this for a long time. It has similarities with The Sandbox and Decentraland, yet has its own unique positioning.

Shambala is the art metaverse. It supports the creator economy, attracts all kinds of art creators from all over the world to settle on the platform; transforms players into creators, and promotes the expansion of players from games to encrypted art, music, architecture, fashion, photography, art exhibitions, collections and museums, etc., to promote the entire ecosystem into a new world of virtual art and entertainment.

Could you please introduce Shambala’s virtual art world in detail?

Monica Bean: Shambala metaverse is a virtual art, entertainment and business world. Encrypted artwork, film, television, fashion, architecture and games, etc. all have exclusive areas on the Shambala, where creators can display their contents, fans can experience immersive experiences, and talented individual creators rise to fame.

It is also a decentralized economy. With a LAND, you have your own territory. If you are a creator, you can build your own studio to provide fans with experience and NFT transactions. If you are an art enthusiast, you can build exhibition halls or art booths to display works you own or you like.

You can create, socialize, invest, and experience on Shambala metaverse. The platform will provide complete infrastructure and an economic system, allowing artists and creators to play. Good works created will bring in a generous income. While gaining an immersive art and entertainment experience, collectors, art lovers, and game players can also participate in investments to make a profit.

Why choose to be an art metaverse?

Monica Bean: Why does Shambala Metaverse support the creator economy? Take music as an example. Record companies control copyright and Internet companies control the distribution of traffic. Even top musicians don’t have the right to price their own music. Musicians in the middle and long tail certainly need a “value discovery platform” to regain the control rights to their fans. The important thing is that in Shambala metaverse, musicians can not only create their own virtual images, communicate and interact with other people, but also offer their fans an immersive audio and entertainment experience through digital scenes such as virtual live broadcasts and virtual concerts.

To be a successful creator, you don’t need to reach the “million fan level”.As a craftsman, photographer, musician, designer, writer, animator, app maker, entrepreneur or inventor, you only need a few thousand real fans to make a living. Real fans will buy anything you produce.

Creators, no matter how niche they are, will find their true fans in Shambala metaverse in the future. The fans will show their enthusiasm through the most direct financial support.

When is the Shambala metaverse product expected to go online? The land pre-sale will start soon, right? We’re eager to know if the land we bought in Bala game can be used in the future Shambala metaverse.

Monica Bean: Shambala metaverse products are expected to go online in the first half of 2022, initially estimated from April to May. In late January, a round of pre-sales of land will be held for global users.

The ecological land in Shambala is the most important asset. Game platforms will settle in, becoming an important part of Shambala metaverse Entertainment. The in-game land purchased by users prior will also be transferred to Shambala metaverse.

We heard that when Shambala virtual world product is launched, there will be virtual concerts held by world-renowned musicians. Is it true?

Monica Bean: Yes, it is. We have been communicating with the musicians about it. What is exciting is that more than one world-class musician is willing to participate, and they all hope to be the one who holds the very first concert in Shambala metaverse.

Your most interesting source of OEC news. Crypro, DeFi, GameFi, Metaverse

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Your most interesting source of OEC news. Crypro, DeFi, GameFi, Metaverse

Website:https://OEC.News

Twitter: https://twitter.com/News_of_oec

Business：AD@OEC.News