WAX, which stands for Worldwide Asset eXchange, is a blockchain platform that provides a decentralized marketplace and Dapp platform that is hyper-focused on video gaming and virtual collectibles.
The platform has a daily transactional value of $22mn and 700k daily active users and claims to be the #1 platform for games and NFTs.
WAX enables users to own their virtual assets and trade them with anyone on the platform without trusting a centralized video game provider or network.
Origins
WAX was launched in 2017 by OPSkins, a leading online marketplace for video game skins and items.
OPSkins recognized the need for a more secure, efficient, and user-friendly way to trade virtual assets across different games and platforms.
WAX was created as a solution to this problem, leveraging the power of blockchain technology to create a peer-to-peer network that connects buyers and sellers of virtual goods.
Features
WAX has several features and advantages, making it a unique and attractive platform for gaming and NFTs. Some of these features and benefits are:
- WAX Token: The native utility token of the WAX platform, used for various purposes, such as paying fees, staking, voting, and accessing services. WAX Token is based on the EOSIO protocol, which enables fast, feeless, and scalable transactions.
- WAX Cloud Wallet: A user-friendly and secure wallet that allows users to easily create an account, log in and interact with the WAX platform and dapps without downloading any software or managing any private keys. WAX Cloud Wallet also supports social media login and instant sign-up.
- WAX Marketplace: A decentralized marketplace that allows users to buy and sell virtual assets from any game or platform that supports WAX. WAX Marketplace supports various virtual assets, such as skins, items, cards, stickers, art, and NFTs. WAX Marketplace also offers features such as price history, ratings, reviews, and escrow services.
- WAX Creator: A tool allowing users to create NFTs without coding or technical skills on the WAX platform. Users can upload images or videos, customize their attributes and metadata, and mint their NFTs on the blockchain. Users can also sell their NFTs on the WAX Marketplace or other platforms that support WAX.
- WAX ExpressTrade: A service allowing users to trade their virtual assets instantly and securely with anyone on the WAX platform without fees or intermediaries. Users can send or receive trade offers via a link or QR code and confirm the trade with a click or a tap.
- WAX Labs: A grant program that supports developers and entrepreneurs who want to build innovative dapps and projects on the WAX platform. WAX Labs provides funding, mentorship, and exposure to the WAX community and ecosystem.
Collaborations
WAX is one of the most proven Web3 ecosystems for gaming and NFTs, with over 100 million NFTs created and traded on its platform since its launch. WAX has partnered with brands and celebrities, such as Atari, Capcom, Topps, Deadmau5, and William Shatner, to create exclusive and limited edition NFTs. WAX has also attracted a large and active community of users, developers, and collectors passionate about gaming and NFTs.
Conclusion
WAX is a blockchain platform that aims to provide a decentralized marketplace and dapp platform that is hyper-focused on video gaming and virtual collectibles. WAX enables users to own their virtual assets and trade them with anyone on the platform without trusting a centralized video game provider or network. WAX has several features and advantages, making it a unique and attractive platform for gaming and NFTs. WAX is one of the most proven Web3 ecosystems for gaming
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