NOXCAT has introduced an on-chain escrow mechanism designed to enhance security in large-scale Web3 over-the-counter (OTC) transactions. Announced at the "Decoding Web 4.0" event in Hong Kong, this feature utilizes smart contracts to automatically lock funds during transactions, releasing them only upon mutual confirmation by both parties. This innovation aims to mitigate the risk of one-sided abandonment, addressing a significant trust issue in the Web3 space. NOXCAT plans to officially launch this application in June 2026.
NOXCAT Unveils On-Chain Escrow for Secure Web3 OTC Transactions
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