WAX introduction
WAX, which stands for Worldwide Asset eXchange, is a blockchain made specifically for trading virtual items, such as rare and collectible items in video games and virtual worlds. The WAX Blockchain acts as a decentralized marketplace and dapp platform with a strong focus on video games and virtual collectibles. Instead of having to trust a centralized video game provider or network, players can actually own their virtual assets and transact with anyone on the WAX platform. Holders of virtual goods can also know that these items are rare and cannot simply be created whenever a game developer decides to increase revenue.
