1H
-0.02%$0.0000
24H
-0.16%$0.0000
7D
-5.13%$0.0005
30D
-28.0%$0.0037
WAX is a decentralized platform that enables anyone to operate a fully functioning virtual marketplace with zero investment in security, infrastructure, or payment processing. Developed by the founders of OPSkins, the world’s leading marketplace for online video game assets, WAX coin is designed to serve the 400+ million online players who already collect, buy and sell in-game items. Harnessing the power of blockchain technology, WAX Tokens are utility tokens that allow virtual goods – and not just for use in video games – to easily be tokenized and exchanged for cryptocurrency. The smart contract underlying the transaction acts as the mechanism that permits trustless trading between buyers and sellers.. The WAX Platform will allow millions of traders to create their own virtual stores on one decentralized platform, providing instant payments, security, and trust services that will bring millions of new participants into a growing ecosystem. The WAX platform allows the global pool of buyers and sellers to access a global supply of virtual goods while eliminating financial risks encountered in the prevailing consignment-based marketplace model. WAX enables a new generation of virtual asset traders, similar to how earlier online marketplaces enabled entrepreneurs to become power sellers.
Understanding crypto acronyms like WHO, SHO, IEO, IGO, IFO, and IDO might be challenging, especially for those who are not well-versed in the crypto space. Hence, we have provided you with a detailed guide on all these acronyms and what they represent in the crypto space.
Here, we are going to look at one such dynamic that has attained immense value and potential with the onset of blockchain – asset tokenization.