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WAX (WAX) is a cryptocurrency made by the founders of OPSkins, the world’s leading marketplace for online video game assets. WAX was created in 2017 as a decentralized platform that enables anyone to create, buy, sell, and trade physical and virtual items to anyone, anywhere in the world. 

The WAX coin is a utility token that harnesses the power of blockchain technology to allow virtual goods to be tokenized and exchanged for cryptocurrency. The name WAX is an acronym for Worldwide Asset eXchange and participants of the WAX platform gain access to a global community of online gamers, creators, collectors, and traders who buy and sell in-game items. 

The WAX platform enables anyone to build an online store/marketplace using the project’s B2B tools. Using WAX, anyone can tokenize anything in the virtual or physical world and sell or trade the tokenized item through WAX’s blockchain-based platform. 

Unlike most cryptocurrency projects, the team behind WAX chose to launch the project on an EOS variant rather than another blockchain. Then, after about a year and a half of development, WAX launched their mainnet on June 30, 2019 and WAX tokens could be swapped to the WAX blockchain mainnet up until August 30, 2019. On the new WAX blockchain, WAX tokens are generated through a Delegated Proof of Stake (DPoS) algorithm with 21 block producers called “Guilds”. Additionally, users can stake their WAX tokens allowing them to vote on the WAX blockchain and earn rewards for doing so.

The total supply of WAX is 1,850,000,000 tokens and the circulating supply is 942,821,662 tokens. The WAX ICO was held in November 2017 where 64,750,000 WAX tokens were sold in exchange for $9,600,000 in ETH, BTC, and USD. 

In this tag you can discover WAX (WAX) news, price prediction, opinion and analysis created by users.

What is Muenstervision bringin to us

27 Sep 2023 11 minute read 1 comment Crackers

If you don't know this Muenstervision from his Raps or his NFTs or his involvement in so many projects on Wax take a seat have a read what he is currently up to. Hey bro how's things? Hey C ! Things are great bruv! Life with one and a half year old...

The inaugural season of Shadow Depths is nearing its conclusion

26 Sep 2023 1 minute read 0 comments PlanetX Meta

🚀 The inaugural season of Shadow Depths is nearing its conclusion! We trust you've relished this initial rendition of the game. Rest assured, we'll be returning shortly with our second season, packed with a plethora of exhilarating enhancements! 🚀 (I...

Taco is About to Launch Combz 9/22/23

20 Sep 2023 2 minute read 2 comments WinterYeti

The Taco Project has been a well-known collection of WAX Blockchain ventures which, collectively, have proven to be fairly resilient and lasting. With the exception of Taco Racers, much of what makes up the Taco gaming universe has remained popular,...

The Rise & Fall of WAX PFP NFTs

14 Sep 2023 4 minute read 6 comments WinterYeti

There's no question that NFTs hit it big when they first appeared and skyrocketed in value on platforms like OpenSea and now Rarible. While many of those insane-valued digital assets have come down in value with the current crypto winter, the digital...

Why is the Wax blockchain so important for Gaming?

14 Sep 2023 2 minute read 0 comments Makingdigital

The Wax blockchain is currently the one that collects the most transactions per minute. Within the Wax Cloud wallet we find a large number of applications and games with which we can earn and generate WAXP. Despite the rain that is falling, many of t...

Meet the creator Waxhooligans

13 Sep 2023 5 minute read 0 comments Crackers

Right this is a brand new PFP project dropping tomorrow so I had to check out what was the idea behind the project and what they have planned. Hey bro Hey, what's going on? Not much many and you? Just working In the fiat mines? Sadly yes, not a bad...

Celebrating Three Years On The WAX Blockchain - Zombies, monKeys And Lots Of Frens'

13 Sep 2023 8 minute read 13 comments PVM

I landed on WAX three years ago, and it's been one of the best things ever! It was the 15th of September 2020 when I created my .wam wallet, to participate in a Banano giveaway.  But what makes WAX so special? Users can easily buy, sell or exchange N...

[ENG/ITA] Serfdom & Sorcery: Why You Want to Get a Castle / Perchè Hai Bisogno di un Castello

12 Sep 2023 4 minute read 0 comments Arc7icWolf

La versione italiana  si trova sotto quella inglese  The italian version  is under the english one    It's good to be the King!   After several months of gaming, thanks to the mighty final push of @jt15822 @solymi and @justgl247, the generous hel...

Meet the artist Anthony Freeme

10 Sep 2023 6 minute read 2 comments Crackers

I know this artist for a while but I didn't know he was creating his own but he is and yea its A.I created but his community is loving it and has just dropped a new series called The Paper Back which dropped yesterday. Hey man Morning, I just woke u...

A catch up with the artist behind Byjurassicfx

7 Sep 2023 4 minute read 3 comments Crackers

So I recently asked on Twitter anyone want to chat about there project I have chatted to this artist a while and he wanted to reach and give an update about his project. Hey Yo yo How are you? Man I am good how's things with you? Awesome! I've caugh...