The Worldwide Asset eXchange (WAX) is the most widely used blockchain ecosystem for buying, selling, or trading NFTs, dApps, and video games. The network facilitates NFT transactions for major companies such as Topps, Capcom, and Atari. WAX aims to provide a scalable solution that is both user-friendly and carbon neutral. As a result, its products have a massive user base, boasting over 325,000 daily users and over 15 million daily transactions.
The WAXP token can be used for several real-world applications. For example, users can stake WAXP to generate rewards and earn the right to vote for block producers. It can also be used to purchase NFTs on trading marketplaces as well as on play-to-earn gaming platforms.