A paradigm shift has started...
Everything you need to know about WAX, and more...
What is WAXERS ?
This will not only support the gaming industry by providing tools to allow the creation of new business models, and, create new opportunities for game creators, both Indy and large corporations, but also offering item traders, and, collectors the ability to own what they purchase and allow them to see the true value in complete ownership of all items and collectibles that they choose to purchase. Those tools will be available for everything that can be tokenized, and for free.
The Think Tank is the brainchild of the core community of WAXERS that have gathered around this project, offering support and information to help educate more potential users and interested parties about WAX itself.
What is WAX ?
At least 400 million gamers worldwide currently spend over $50 billion annually on trading in-game assets. These virtual items and “skins” – cosmetic wrappers that modify the appearance of a character or object but have no functional utility – are reshaping the economics of the online video game industry.
Few people outside of the video gaming world are aware of the magnitude and volume of this phenomenon, yet, much like cryptocurrency, millions of people assign real-world value to items that only exist in the virtual world. Because some virtual items, particularly skins, are rare, collectors assign extraordinary values to them.
Although there are only 4 million active cryptocurrency owners in the world, they have a lot in common with in-game item traders. They both deal in digital property of substantial value, face counter-party risks trading with other people across the world and share common concerns about the security of their online wallets and transactions. They also both endure the difficulties of trading digital items in a fiat-centric world. Uniting these two groups into a single ecosystem could usher in significant positive change for both industries.
OPSkins, the world’s leading marketplace for online video game assets, has dedicated significant time and resources to overcome the obstacles within the industry. Notably, OPSkins has focused extensively on secure item settlement, along with accessibility and transaction speed. The masterminds behind this successful operation have launched a new project called the Worldwide Asset eXchange (WAX) — a platform to disrupt the very industry in which OPSkins operates.
WAX is a decentralized platform that enables anyone to operate a fully functioning virtual marketplace, with zero investment in security, infrastructure, or settlement. With the inclusion of WAX’s simple marketplace widget, video gamers will have access to a worldwide market, with blockchain trust and transaction verification.
The WAX widget can be integrated into any website so buyers and sellers won’t have to navigate away to a centralized marketplace. This opens up an opportunity for a wide array of websites to reap the benefits of an already exciting market. It’s very much like how affiliate marketing opportunities paved the way for “power sellers” on Amazon and eBay.
WAX is the next step in a series of successful ventures for its founding team. The team at OPSkins invented the concept of real money virtual item trading for video game assets and built the gold standard under which this whole industry operates. OPSkins currently facilitates over 100 million purchases annually from millions of customers in 95 countries and they recently launched Express Trade that is being utilised by the first of many Non Fungible Token (NFT)/ Decentralised Application (DApp) project partners, VGO, and it has already shown the speed and scale at which it can work with over 500,000 transactions in less than 5 days.
The leadership team has an impressive track record. WAX CEO, William Quigley, is a world-renowned venture capitalist, famous for being the first institutional investor in PayPal. He also co-founded the widely used Tether coin, and is CEO of OPSkins.
WAX COO, Jonathan Yantis, invented the concept of real money virtual item trading and created the first and biggest virtual item marketplace, IGE. WAX Lead Designer, John Brechisci Jr., is the founder and CTO of OPSkins. He brings a deep understanding of the skin trading industry to WAX. WAX President, Malcolm CasSelle, is CIO at OPSkins and was formerly President and CTO at tronc/Tribune Publishing. He built four digital media technology companies from startup to successful exit, in IPO or trade sales to public companies.
The WAX Advisory Board is formed of seasoned industry veterans with a knack for successful ventures. Dave Anthony, the creator and developer behind Call of Duty, will bring his creative and logistical expertise to WAX. Anthony Di Iorio, co-founder of Ethereum, joins WAX with a mastery of blockchain technology. Brian Fargo, founder of Interplay Entertainment and inXile Entertainment, will add a deep understanding of game development and distribution.
WAX Token Pre-Sale partners
All articles of information have been hand selected to be of the highest quality which we hope will assist in your research & analysis. Within this section you will also find our own WAX market breakdown which will include in depth WAX analysis & speculation.
All videos are considered by us to be free of any misinformation and include only factual information which will assist in your understanding of WAX. Within this section you will also find WAX Think Tank videos covering our teams research, analysis & market speculation.