What is WAXP (WAX)
Shaping consumer adaption of blockchain technology one digital
trading card at a time
WAX was founded by William Quigley and Jonathan Yantis. This blockchain gaming empire was birthed from virtual game skins Quigley created through his company OPSkins. The skins could be purchased in various games for cosmetic appeal and entertainment. Some skins were rare and others more common but were for aesthetics; in sum, the skins made the games more entertaining. The downside was the skins were unsellable so once you got bored with the game and let it go, your money was gone too.
The Worldwide Asset eXchange™ (WAX), changed all of that when it became “the world’s leading decentralized video game and entertainment network”. WAX was founded on the values of safety, convenience, and free trade worldwide, with virtual items or NFTs. This forecasting at the onset of WAX’s creation has garnered it the motto, ” The King of NFTs.” It earned this prolific tagline with its huge partnerships with Topps, Atari, William Shatner, Capcom, deadmau5, The Sandbox, ITAM Games, Funimation, Harmony Gold, and the list goes on.
And if you want to talk profitability, WAX has been the go-between for over $100m in NFTs since its inception and that was back in 2017. Imagine what astronomical numbers they are doing now! Bags packed?
So throw out your card sleeves and pocket page protectors and sell your physical collections (to the highest bidder of course) for the new wave in digital card trading. You won’t need them for where gaming blockchains are headed.
Mass adoption begins when what people know of the world they live in, can be more easily translated into the future. Understanding the technology behind cryptocurrencies and NFTs is less cumbersome when the global population can recognize what they know of the old world, in the new world.
Welcome to mass adoption at the consumer level. Look at this!
NFT’s
Before I tell you what’s up with WAX I’ll explain NFTs. In short, NFTs are Non-Fungible Tokens and they are absolutely blowing up. NFTs are selling for millions at auctions and secondary markets. WAX has been coined the King of NFTs and rightly so, they’ve cornered the gaming blockchain market in never before seen fashion.
But what’s an NFT really? NFT is not a cryptocurrency. You can’t trade it for the same value as your countries currency. The value is essentially created by the NFT market. Now a fungible token (cryptocurrency) can be traded for another one, like when you buy $10 in XRP, you get $10 in XRP, not more or less. So if the XRP is valued at $1, for every $1 you spend you get 1 XRP. It is then dollar for dollar.
An NFT cannot be exchanged for another NFT because it’s one of a kind, this means they each hold their own unique value which usually follows the market trends but not exclusively. This is how a piece of crypto art can sell for millions. So while one NFT sells for a few dollars another can sell at millions based on the market, its mint, etc. If only 100 Adam Bomb GPK NFTs were created and yours was minted #1 of 100. Yours holds more value in the secondary market.
Check out Bigger Than Race’s NFT’s here.
WAX blockchain and EOS blockchain
WAX VIDEO ON NFTS BEING BAD FOR ENVIRONMENT EMBED LINK IS BELOW FOR THE SITE OR https://www.youtube.com/watch?v=VvmLWczNnyY&t=10s
