Worldwide Asset eXchange(TM) (“WAX”), dubbed the “King of NFTs,” on Thursday announced a new tokenomic model that allows its token holders to directly benefit from WAX’s success in the NFT market. Demonstrating strong performance, every one of the WAX Blockchain’s primary NFT sales has completely sold out in a matter of mere minutes to hours. Equally impressive is the secondary trading volume for WAX NFTs, averaging more than five times the primary sales volume on an annualized basis. According to the update, the core element of the new WAX tokenomic model its inter-blockchain design. The model combines WAX’s purpose-built design and operational advantages for creating and trading NFTs with Ethereum’s superior DeFi financialization capabilities. The WAX Blockchain will continue performing core NFT operational functions (i.e., item creating and trading), while the capital generated from WAX NFT commercial activities will be transferred into the vast and growing network of financial services available on Ethereum.
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About WAX
WAX is the King of NFTs. The WAX Blockchain is the safest and most convenient way to create, buy, sell and trade NFTs – to anyone, anywhere in the world. WAX has created a full suite of blockchain-based tools that allows anyone to trade NFTs instantly and securely, to anyone, anywhere. These include an easy-to-use WAX Cloud Wallet where accounts can be created in just two clicks using social log-ins, a robust developer portal and more. Participants of the Worldwide Asset eXchange gain access to a global community of collectors and traders, buyers and sellers, creators and gamers, merchants, dApp creators and game developers. For more information, please visit www.WAX.io.
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