WAX (WAXP): the green blockchain for NFTs & Web3 gaming
WAX (Worldwide Asset eXchange) is an eco-friendly, ultra-fast blockchain with no transaction fees, designed for NFTs, gaming, and Web3 apps. Forked from EOS, it uses a Delegated Proof of Stake (DPoS) model and aims to simplify the creation, exchange, and monetization of digital assets while reducing environmental impact.
Key takeaways
- DPoS consensus with 21 block-producing guilds
- Zero-fee transactions, 10,000+ TPS, instant finality
- NFT & gaming focus: AtomicHub, Alien Worlds, Blockchain Brawlers
- DeFi ecosystem: staking, DEX, DAO, growing TVL
- Interoperability: bridges to Ethereum, Binance, Antelope IBC
Project Overview
WAX was designed to offer an accessible and sustainable Web3 platform check out our page on the analysis of WAX(https://cointobuy.io/wax/). Its goals:- 100% carbon-neutral, using DPoS and carbon offsets
- Zero transaction cost for users (NFT mints, transfers, trades)
- High scalability with over 10,000 transactions per second
- Delegated governance, through elected guilds and staking
Technical Overview
2.1. DPoS & Guilds
WAXP holders vote for 21 guilds (block producers). Blocks are produced every 0.5 seconds in rotation, with backup “standby” guilds. Only guilds producing over 50% of their scheduled blocks get rewards.2.2. Fee-Free Environment
All blockchain actions are free—minting, transfers, and trading—making WAX ideal for NFT-based games and apps.2.3. Carbon Neutrality
WAX consumes far less energy than PoW chains and offsets its emissions (~211 tCO₂/year) via certified carbon credit projects.2.4. Interoperability
Native bridges (Ethereum, Binance Smart Chain) are supported through Antelope IBC. A WAX EVM sidechain is in development for Ethereum compatibility.Ecosystem & Use Cases
3.1. NFTs & Marketplaces
- AtomicHub: main NFT marketplace—mint, explore, and trade digital assets.
- NeftyBlocks, WaxStash, WDNY.io: feature-rich platforms supporting licensed drops from major brands (Funko, Atari, etc.).
- vIRL NFTs: digital tokens linked to real-world items (e.g., sneakers, cards), which can be redeemed or traded.
3.2. Gaming & Play-to-Earn
- Alien Worlds: Sci-fi mining/metaverse game with over 600,000 unique active wallets.
- Blockchain Brawlers, Prospectors, Taco Studios, and more: casual and competitive Web3 games.
3.3. DeFi & Staking
- WAX DeFi TVL reached ~$1.46M at Q1 2024 (+42% quarter-over-quarter).
- Platforms include Alcor.Exchange, WAXDAO, with staking yields around 8% APR.
3.4. Innovation & Governance
- WAX Labs funds community projects using WAXP bootstrap grants.
How to Use WAX Effectively
- Staking: Via Cloud Wallet or Bloks, earn ~8% APR by voting for guilds.
- NFT Minting & Trading: Use AtomicHub, WDNY, or NeftyBlocks for collections or resales.
- Play-to-Earn Games: Join Alien Worlds, Blockchain Brawlers, or others.
- Launch via WAX Labs: Apply for grants to build Web3 dApps or NFT tools.
- Bridge Tokens: Use WAX <-> WAXE to interact with Ethereum-based protocols.
Future Outlook
According to DappRadar Q2 2024:- EVM sidechain in development to attract Ethereum developers
- Tokenomics overhaul, better UI/UX for onboarding creators and players
- Expansion of vIRL NFTs and cross-chain utility via IBC
- Governance and innovation to stay open and community-driven via WAX Labs and OIG
Platforms to buy WAX
Price Forecast
| Zero-fee transactions |
| Fully carbon-neutral |
| High NFT & gaming adoption |
| Zero-fee transactions |
| Fully carbon-neutral |
| High NFT & gaming adoption |
| Zero-fee transactions |
| Fully carbon-neutral |
| High NFT & gaming adoption |
Learn more on WAX
Where to Buy WAXP ?
| Platform | Type |
|---|---|
|
Bitvavo |
CEX |
|
Binance |
CEX |
|
BingX |
CEX |
|
Bitpanda |
CEX |
How to Store WAXP Safely ?
Hardware Wallets
This is a sponsored message. Cryptocurrency investments carry risks — always do your own research before investing
Software
WAXP stands out as the most eco-friendly, user-first blockchain for NFTs and Web3 gaming. With zero gas fees, fast finality, an EOS-derived backbone, and a vibrant game/NFT ecosystem, it’s one of the strongest blockchain platforms for creators.
Key challenges ahead include broader Ethereum integration, DeFi scaling, and streamlined UX. If addressed well, WAX could emerge as a lasting pillar in the Web3 gaming and digital collectibles space.
Comparison of the Best Crypto Exchange Platforms
| Platform | Description | Advantages | Disadvantages |
|---|---|---|---|
|
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European user-friendly platform, ideal for beginners and those seeking portfolio diversification. |
Simple interface, competitive fees, European regulation, supports multiple assets. |
Not suitable for professional or high-frequency traders. |
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Global leader in crypto trading, offering extensive features and asset variety. |
Advanced tools, low fees, high liquidity, wide range of cryptocurrencies. |
Can be overwhelming for beginners, regulatory scrutiny in some regions. |
|
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Social trading-focused platform with strong derivatives offerings. |
Copy trading features, good for beginners, supports futures and spot trading. |
Limited fiat options, less recognized than top-tier exchanges. |
|
Bitpanda
Buy on Bitpanda
|
Austrian platform offering crypto and traditional assets in one place. |
Supports crypto, stocks, ETFs, precious metals, easy to use. |
Higher fees, limited advanced trading features. |
FAQ WAX
What is WAXP? WAXP is the native token used for staking, governance, and interoperability (WAX-EVM bridge). Why use WAX? It’s fee-less, carbon-neutral, and highly adopted for NFTs and games. Where can I stake WAXP? Via WAX Cloud Wallet or Bloks.io, with up to 8% APR for voting on guilds. What are WAX’s top apps? Alien Worlds, AtomicHub, Blockchain Brawlers, NeftyBlocks, WDNY.io. Will WAX support Ethereum? Yes—a WAX EVM sidechain is in development for broader Web3 integration.Disclaimer :
Trading is risky and you may lose all or part of your capital. The information provided does not constitute financial advice and/or an investment recommendation
