As the crypto/blockchain adoption increases, different solutions are being unlocked to cater for the problems users are experiencing and also improve network design to serve the lapses of proof of work Blockchains that come with heavy energy consumption, high gas fees when sorting out a transaction on a network and many more. This is why WAX Blockchain is one of the Blockchain to consider when sharing information about improvement around the network design.
WAX As A Blockchain
WAX, Worldwide Asset eXchange, is known as a Proof of Stake carbon-neutral Blockchain ecosystem. This Blockchain serves as a transaction gateway for:
- Non Fungible Tokens (NFTs)
- Collectives
- Video games
- Decentralized Applications.
WAX is now a worldwide transaction plug that users use to mint, buy and sell physical or virtual assets.
Further to the above information, it is also based on dPOS mechanisms, this approach introduced on its network speeds up transactions in an easy way and is safer for all users.
WAX vIRL NFT
The launch of the WAX vIRL NFT platform brings a variety of dynamic features into blockchain gaming using a customized version of the EOS operating system. WAX vIRL NFT platform is known to be the fastest and easiest community-driven tools that fully unlock the potential of users' digital assets. How? It allows users to create and run their own embedded NFT business.
Before checking out with latest updates in the WAX Ecosystem, to start your journey with WAX Blockchain, it is important to create a WAX Cloud Wallet and start your journey. You may require some WAX to unlock your wallet... Reach out to me for support or Check me out on Telegram.
Now, The Update
The beginning of the month (December 2023) brings in good tidings to all, though you might have missed out on some of the happenings as it has to do with daily drops and giveaways but is not yet over until it is over.
🎄XMas Game Fest on WAX. This was an exclusive gaming experience between players representing different communities between 11th Dec. & 20th December 2023. It was tagged NFT game world cup and the winner as announced by intraVerse on their Twitter official account is Aphelium Game. If you missed this season, don't miss next... Follow the account closely.
WAX AT COMIC CON 2023! This is the UK's biggest pop culture event that took place between December 1st and 3rd and WAX was fully represented with 60+ WAX_io brands.
WAX Tokenomics Upgraded. On the 21st of December 2023, WAX Blockchain announced its final DeFi Epoch which was concluded. You can find details Here.
WAX Holidays Calendar: This is an event created for the WAX community to be able to participate daily from 1st December to 31st December 2023 on giveaways or free drops which have been organized by various creators and influencers from WAX Blockchain. The event is organized by Maxy with support from the WAX Team, Alcor Exchange, Taco, NeftyBlocks, NFTHive, AtomicHub & Wombat. Find more details as we only have 8 days left.
There are enough to study and interact with on WAX Blockchain. From DeFi features to GameFi, the WAX blockchain will satisfy you. If you are new to the blockchain, do your research by visiting the official Website.
In conclusion, are you a gamer/player, WAX gives the opportunity to all game publishers to monetize clients who would otherwise not buy or spend money on their games. It is easy on the vIRL platform for Publishers to give vIRLs using WAX while non-paying gamers in free-to-play games spend large amounts of time in the game. There are a lot of things to learn with WAX but I will stop here to see you in my next article for more information about the blockchain, till then, Enjoy!