WAX: How it works, WAXP token utility & eco NFT blockchain
WAX (WAXP) is the « Everything Chain » for NFTs, gaming, and e-commerce. Built for mass adoption, it offers feeless, eco-friendly transactions with high throughput. This article explores how WAX works, how to buy WAXP, and what makes it a top blockchain for digital assets.
Key takeaways
- Short-term volatility driven by Web3 gaming and NFT trends
- Key drivers: multi-chain adoption, low fees, eco-friendliness
- Long-term potential: supported by strong ecosystem and real-world usage
- Positioning: eco-alternative to Ethereum, focused on NFTs and gaming
WAX (symbol: WAXP) is a Layer 1 blockchain specialized in NFTs, gaming, and Web3 commerce check out our page on the course of Wax(https://cointobuy.io/wax-price/), built using EOSIO and running on a Delegated Proof-of-Stake (DPoS) consensus. It is optimized for mass-scale applications with feeless, fast, and carbon-neutral performance.
Project goal:
Deliver a high-performance blockchain ecosystem for developers, gamers, and brands with zero transaction fees and carbon neutrality.
Launched in 2017 by William Quigley and Jonathan Yantis (from OPSkins), WAX supports over 200,000 daily wallets and millions of NFTs. It offers tools like the WAX Cloud Wallet, which simplifies onboarding for mainstream users, and enables interaction with marketplaces, games, and dApps.
WAXP tokens are used to:
- pay network fees (CPU/NET resources),
- stake and vote for block producers,
- access dApps and governance,
- bridge to Ethereum using the WAXP↔ETH swap system.
Platforms to buy Wax
Founders and Team
Project History & Origins
- Launch date: 2017 (mainnet)
- Location: United States (via OPSkins)
Milestones:
- 2017–2018: Launched blockchain, OPSkins integration, NFT partners (Funko, Atari)
- 2019: Launched WAX Cloud Wallet, vIRL NFTs
- 2021: Cross-chain bridges (ETH, BSC, Polygon), Alien Worlds P2E boom
- 2023–2024: Tokenomics updates, TON/Solana/Base bridges
Founders:
- William E. Quigley: OPSkins co-founder, crypto VC
- Jonathan Yantis: early NFT advocate, WAX visionary
- Governance: elected WAX Guilds and Office of Inspector General (OIG)
What Makes [Nom cryptomonnaie] Unique?
Unique Features of WAX
Use Cases
- Feeless NFT infrastructure Handles 3,000 tps, over 200k daily users, 450M NFTs minted
- Gaming & Play-to-Earn Hosts games like Alien Worlds, R-Planet, and Farmers World
- Multi-chain interoperability Bridges to Ethereum, Solana, BSC, TON
- WAX Labs grants Funds new dApps/NFT platforms via community proposals
Value Proposition
- Feeless, fast, and green: ideal for NFTs and gaming
- Rich ecosystem: games, marketplaces, tools, dev grants
Comparisons
- Vs Ethereum: faster, greener, no gas fees
- Vs Solana/Polygon: WAX is NFT-focused with built-in governance tools
- Vs Flow: more scalable and actively bridged across chains
WAX is a purpose-built blockchain for NFTs and gaming. With carbon neutrality, high throughput, real brand adoption, and strong governance, it’s uniquely suited for Web3 commerce.
As tokenomics improve and more games adopt WAX, its position as a low-fee NFT leader should grow. Key to its future is user-friendly tooling and further developer onboarding.
Get started with WAXP on this secure exchange.
FAQ – WAX (WAXP)
What is WAXP used for?
WAXP powers transactions, staking, governance, and resource allocation on the WAX blockchain.Is WAX a good investment?
With real-world NFT and gaming use cases, WAX has long-term potential if adoption continues.How is WAX different from Ethereum?
WAX is feeless, eco-friendly, faster, and optimized for NFTs vs. Ethereum’s general-purpose design.Where can I store WAXP?
Use WAX Cloud Wallet or EOSIO-compatible wallets (Anchor, Ledger).Is the project secure?
Yes, with DPoS governance, regular audits, and an active oversight body (OIG).Where to buy WAXP?
Available on Crypto.com, Bittrex, KuCoin, and via this trusted platform.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
