Worldwide Asset eXchange (WAX), a decentralized platform allowing anyone to operate an in-game virtual marketplace, today announced that Xsolla will begin accepting WAX’s new cryptocurrency. Xsolla is a global distributor and publisher of video games, providing its clients of game developers and publishers with advanced technical tools to optimize user acquisition and monetization efforts. By adding WAX to its offering of more than 700 payment options, Xsolla will help to further advance cryptocurrency adoption by the 400+ million strong gaming community.
“This is a great step forward to enable Xsolla’s client portfolio of over 2,000 games to use WAX as a mechanism to transmit stored value across borders,” said William Quigley, CEO of WAX. “Partnering with Xsolla creates more demand for the WAX ecosystem.”
“Xsolla is committed to being at the forefront of providing new technologies and digital services to its clients while giving players the most seamless gaming experiences,” said Aleksandr Agapitov, CEO of Xsolla. “In our mission of creating a safe, fast and easy environment for gamers to enjoy the game, we are happy to support WAX’s vision of bringing decentralized peer-to-peer skins trading to the masses using cryptocurrency.”
Developed by the founders of OPSkins, the world’s leading marketplace for online video game assets, WAX is designed to serve the 400 million online players who already collect, buy and sell in-game items. With the inclusion of WAX’s simple exchange widget, gamers will have access to a worldwide market with blockchain trust and transaction verification.
The virtual item trading industry is currently fragmented across hundreds of competing marketplaces, each utilizing different business practices tailored to their region. WAX’s solution is a global virtual item repository that provides a complete catalog of all items available in real-time. By leveraging blockchain technology, WAX unites gamers and marketplaces enabling instant payments, security, and trust services. WAX Tokens allow gamers to quickly and easily harness the power of fully developed, highly complex virtual goods exchanges.