WAX
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Information about WAX (WAXP)
WAX (Worldwide Asset Exchange) is a decentralized trading platform that allows users to trade virtual assets in online games. WAX‘s goal is to be a global peer-to-peer marketplace that provides secure and convenient solutions to create, buy, sell, and trade virtual items for anyone, anywhere in the world.
Wax was officially launched in 2017 by William Quigley, CEO of Cashel Enterprises and co-founder of numerous crypto companies, including Tether and GoCoin. Known as the “King of NFTs“, WAX is attracting more and more attention from investors and promises to bring a lot of development potential in the future.
WAX token (WAXP) is a utility token in the WAX ecosystem. WAX tokens were first issued under the ERC20 standard on Ethereum. However, now WAX is taking place on the mainnet and allowing users to swap from ERC-20 to native tokens operating on the WAX blockchain. WAXP is used for the following purposes:
- Used as a currency to trade NFTs, virtual items.
- Used as a gas fee inside the network.
- Used to reward participants for validating and creating blocks in the blockchain.
News
WAX blockchain raises $10 million in push for GameFi and NFT market
The Worldwide Asset eXchange (WAX), a blockchain for NFTs, videogames, and collectibles, announced on Thursday that it has raised $10 million in funding from OKX Blockdream Ventures, the investment arm of cryptocurrency exchange OKX.
According to a press release, the investment is in WAX Studios, the team behind WAX. It will be used to develop NFTs in play-to-earn (P2E) games, build out an exchange for gaming tokens and upgrade the WAX Cloud Wallet, which can be used to send and store gaming NFTs.
OKEx Blockdream Ventures partners with WAX
The Worldwide Asset Exchange (WAX) announced that OKEx Blockdream Ventures are placing a bet on the WAX Blockchain Ecosystem, purchasing a significant position in WAXP tokens with the exact token quantity undisclosed.
OKEx Blockdream Ventures is an investment institution under the worldwide top trading platform OKEx.com, which focuses on exploring and supporting the best blockchain projects on a global scale.
Amazon invests in NFT with WAX blockchain
According to published reviews, Amazon has invested in the Dibbs sports activities card market place. Dibbs is powered by the WAX blockchain.
WAX (WAXP) is a degree one network designed by the OPSkins enterprise, with the aim of building it less complicated for cardholders to trade in sports activities and video games.
WAXP witnessed significant growth after 24h
WAXP has grown by over 44%, with a trading volume tripling in the last 24 hours.
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