History of WAX Coin
WAX (Worldwide Asset Exchange) coin (WAXP) has a history rooted in the digital item trading space, particularly with a strong focus on Non-Fungible Tokens (NFTs) and gaming. Here is a summary of the key historical points for WAX: Origins and Launch (2017) Founders: WAX was co-founded by William E. Quigley and Jonathan Yantis. Quigley has a background in the entertainment sector (including Disney), and Yantis was a co-founder of the first digital assets marketplace, OPSkins. Concept: WAX was conceived with the goal of creating a blockchain that would make e-commerce transactions, especially for digital goods and collectibles, faster, easier, and safer. Launch: The WAX token was released in 2017 following its Initial Coin Offering (ICO). It was initially an ERC-20 token on the Ethereum network. Technological Shift and Growth (2019 - Present) 2019: Transition to EOSIO: WAX made a significant change by transitioning to an EOS-based chain (fully backward compatible with EOS). This was a major step that allowed for its focus on scalability and fast transactions, critical for the NFT boom. The WAX mainnet launched, and the original ERC-20 tokens were swapped for the native WAX tokens (WAXP). Focus on NFTs & Gaming: With its fast block times (500 milliseconds) and fee-less transactions for customers, WAX rapidly became a prominent blockchain for NFTs and decentralized applications (dApps), especially in the gaming sector. Key Services: The platform developed a suite of tools that boosted its ecosystem: WAX Cloud Wallet: A user-friendly wallet designed for easy onboarding. Atomic Assets & AtomicHub: The core infrastructure and marketplace for creating, buying, and selling NFTs on WAX, which became standard practice for many creators. Major Brand Adoption: WAX began collaborating with major brands and intellectual properties, a key differentiator. These partnerships included Topps (Garbage Pail Kids), Capcom (Street Fighter), Funko, Atari, and more, bringing major collectibles to the blockchain. Carbon Neutrality: WAX has positioned itself as an environmentally-friendly and carbon-neutral blockchain, which has been a strong selling point in the NFT space. vIRL® NFTs: WAX pioneered "virtual in-real-life" NFTs, which are digital assets that can be redeemed for physical products, bridging the gap between digital and physical commerce. Today, WAX is primarily known as a leading layer-1 blockchain for NFTs, gaming, and other digital collectibles, hosting millions of wallets and a high volume of daily transactions.WEEK: 52; SEASON: England Pool 2025/2026; DATE: 27-06-2026 Web3sports
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