WAX Ecosystem Explained

By DeFiState | DeFiState | 13 Jan 2022


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What is WAX?

WAX stands for World Assets Exchange and currently operates on the Proof of Stake (POS) system.

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Some products and services, built on WAX

  • WAX Cloud Wallet - easy to use crypto wallet, which can be used to interact with the WAX blockchain dApps
  • AtomicHub NFT Marketplace - platform that allows each user to buy, sell and create NFTs on the WAX blockchain
  • Anchor Exchange - users can trade tokens, built on the WAX blockchain

ETH Bridge

This feature gives the Ethereum blockchain community an opportunity to transfer their assets from Ethereum blockchain to WAX blockchain. Users need to have WAXE tokens in order to bridge them for WAXP tokens.

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