# Royalty Cap-Free NFT Marketplaces Okcoin's New NFT Marketplace Will Be Free of Transaction Fees By Niko Pajkovic | Published 2022-04-20 | Tech Source: Trend Hunter, https://www.trendhunter.com/trends/okcoin References: [financemagnates](https://www.financemagnates.com/cryptocurrency/news/okcoin-launches-its-own-nft-marketplace/) & [okcoin](https://www.okcoin.com/)  Crypto exchange platform Okcoin announced the launch of Okcoin NFT, the company's own [NFT marketplace](https://www.trendhunter.com/trends/fluffys) that will offer retail investors [zero transaction fees](https://www.trendhunter.com/trends/alternative-to-thirdparty-marketplaces). According to the company, the marketplace will be the first in the world to offer the creation and trading of NFTs on multiple blockchains without placing a cap on creators' royalties. In particular, the royalties that creators can charge for secondary purchases of their artwork. In addition, to kick off the new launch, Okcoin will debut a series of limited-edition NFTs, which will be given away for free on a first-come-first-serve basis to members joining the now open waitlist. “In the same way that [blockchain technology](https://www.trendhunter.com/trends/testnet-platform) empowers financial freedom with cryptocurrency, it empowers creators with NFTs. We’re launching a free market for NFTs where prices and profits will be determined by supply and demand, more so than anywhere else," said Hong Fang, CEO of Okcoin. Image Credit: Okcoin ## Trend Insights (Trend Hunter) - Score: 1.9/10 - Popularity: 12% | Activity: 33% | Freshness: 11% - Audience gender: 50% men, 50% women - Primary generations: Gen Z, Gen Alpha, Millennial, Gen X - Top markets: North America, South America, Europe, Asia, Africa ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Tech](https://www.trendhunter.com/tech) > [Multimedia](https://www.trendhunter.com/multimedia) ## Key Themes ### Key Themes Behind This Trend - **Royalty Cap-free NFT Marketplaces:** The trend of removing royalty caps on NFT marketplaces provides an opportunity for creators to earn more revenue through secondary sales. - **Multi-blockchain NFT Trading:** The trend of enabling NFT trading on multiple blockchain networks presents an opportunity for investors to engage in more diverse portfolios. - **Free Limited-edition NFT Giveaways:** The trend of offering free NFTs through waitlist sign-ups can be a disruptive marketing tactic for companies entering the NFT market. ### Where This Applies - **Crypto Exchanges:** Crypto exchanges can meet increased demand from investors looking for NFT trading capabilities on multiple blockchain networks. - **Art Marketplaces:** Art marketplaces can leverage royalty cap-free NFT trading to attract more creators, incentivize more sales, and earn bigger commissions over time. - **Marketing & Advertising:** Marketing and advertising businesses can learn from Okcoin's free NFT giveaway strategy to maximize reach and increase brand awareness for their clients. ## Related on Trend Hunter - [NFT Trading Websites](https://www.trendhunter.com/trends/nft-trading.md) - [Streamlined NFT Platforms](https://www.trendhunter.com/trends/nft-platform.md) - [NFT Allowlist Giveaways](https://www.trendhunter.com/trends/nft-allowlist.md) - [Innovative NFT Platforms](https://www.trendhunter.com/trends/nft-market.md) - [NFT Marketplace Acquisitions](https://www.trendhunter.com/trends/knownorigin.md) - [Japanese NFT Marketplaces](https://www.trendhunter.com/trends/rakuten-nft.md) - [Promotional NFT Giveaways](https://www.trendhunter.com/trends/500-supernova-nft.md) - [Multi-Chain NFT Marketplaces](https://www.trendhunter.com/trends/ua-multimedia.md) - [Hybrid NFT Auction Platforms](https://www.trendhunter.com/trends/curios.md)