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Worldwide Asset eXchange
About Worldwide Asset eXchange
The WAX Protocol is a DPoS blockchain that is designed to scale alongside a microservice layer to create specialized infrastructure for digital goods marketplaces. The platform includes a decentralized marketplace, virtual item trading and generation, and wallets. The WAX Blockchain operates on a token-based economy where consumers provide resources, and the ecosystem pays for itself, with participants guiding its development and benefiting from its growth. The WAX microservice layer provides necessary marketplace functions for growth and scalability without requiring a massive investment in infrastructure.
Worldwide Asset eXchange is a blockchain-based platform specifically designed for trading Non-Fungible Tokens (NFTs) and other game assets from a plethora of Player-to-Earn (P2E) gaming environments. Initially conceptualized to support e-commerce, WAX later tailored its focus to P2E gaming and NFT niches, emerging as a vast marketplace for gaming assets.
The brainchild of John Brechisci, Jonathan Yantis, William Quigley, and Brent Cohen, WAX was first established in 2015 as OPSkins, an online marketplace for gaming asset trade. The founders then transitioned the concept to a blockchain environment in 2017, leading to the official launch of WAX in July 2019. Built on the base of EOS (EOS) chain, WAX maintains backward compatibility, allowing for smooth porting of decentralized applications (dApps) developed and used on EOS.