On today’s show I am privileged to be speaking with Michael Maloney, the Solution Architect for WAX – the Worldwide Asset eXchange. Wax is quite literally a game changer . . . read on . . .
INTRODUCING THE NEW FACE OF VIRTUAL GOODS TRADING
The World Asset eXchange (WAX) will pave the way for a game-changing use of smart contracts. As a platform, WAX will be one of the most innovative applications of blockchain technology, extending its user base to a global audience of 1.8 billion gamers.
WAX is a utility token coupled with a decentralized platform and will be used by all participants in the virtual item trading industry: listing and selling agents, item transfer agents, appraisers, affiliates and buyers and sellers . WAX has a multitude of uses, including safely transferring digital items between buyers and sellers, apportioning fees out to marketplace participants who facilitate transactions and a payment mechanism for settling trades.
Developed by the founders of OPSkins, the world’s leading marketplace for online video game virtual items, WAX is designed to serve the existing 400+ million gamers who already collect, buy and sell virtual items. By decentralizing the isolated and regional marketplaces where virtual items are traded today, WAX fuels the growth in the $50 billion secondary market for video game virtual items.
WAX utility tokens will enable 1.8 billion gamers worldwide to quickly and easily harness the power of a fully developed, highly complex virtual item ecosystem. WAX will provide settlement, liquidity, security and other necessary features for an orderly well-functioning market.