WAX (WAXP) is a purpose-built blockchain, released in 2017, that was designed to make e-commerce transactions faster, simpler and safer for every party involved. This blockchain uses (DPoS) delegated proof-of-stake as its consensus mechanism. It is fully compatible with EOS, which is like an operating system comparable to Windows or iOS. WAXP is the cryptocurrency that drives the WAX network. wax.io
Today WAX reaches an ATH of $0.51 showing first signs of life since March. WAX is arguably primed to wax the NFT industry. https://www.youtube.com/watch?v=0as5e_mTN5A
The explosion of NFTs in the past couple months, including whilst the fungible cryptos were in a downtrend, is coupled with the hunt for the world's best platforms for building, distributing, and exchanging "valued" treasures. An eclectic gaming experience known as AXIE Infinity led the charge the past few weeks. AXIE Infinity (AXS) actually has whooped tail with remarkable ROI for investors in 2021: $AXS -All Time Low Nov 06, 2020 (10 months ago) $0.1234 (+62006.44% ROI since November).
Back on WAXP, WAX has created a suite of blockchain-based tools for building decentralized application (DApp) marketplaces and non-fungible tokens. The WAX blockchain supports 500-millisecond block time and zero-fee transactions for users. WAX was co-founded by William Quigley and Jonathan Yantis. According to coinmarketcap.com, William Quigley studied at the University of Southern California, and then worked at Disney. After leaving Disney in the early 1990s, he got an MBA at Harvard and became a venture capitalist. Over time, he became the managing director at Idealab. Alongside creating WAX, he is also the managing director at Magnetic.
Jonathan Yantis works as the chief operating officer at WAX and as the chief operating officer at OPSkins.
WAX reportedly has been the blockchain foundation of over 30,000 DApps so far. Join the famous brands that have launched successful NFT collections on WAX, including Funko, Topps, Capcom, and more. We’ll guide you through minting and releasing your collection on the WAX blockchain. (from wax.io) This is the first leg of momentum for WAX. These affiliations and connections may just be the beginning of hot WAX. 5 million collectors and counting is an abundant number of participants in an economy that is still in it's infant stages on the global scale. We will be watching the WAX!
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