Worldwide Asset eXchange (WAX)
“Worldwide Asset eXchange” (WAX) is a global virtual goods marketplace founded in 2017. WAX serves as a decentralized marketplace that allows users to purchase goods with a global token.WAX was founded by the same creators of OPSkins (founded in 2015), a platform for video game goods traders that enabled traders to a marketplace to buy, sell, and trade virtual goods. WAX allows for users to sell both digital and/or physical assets in the world and serves more than 400 million individuals that participate in online games.
|Founded 📆||2017 in Santa Monica, California|
|Headquarters 🏙️||Cayman Island|
Area served 🗺️
Number of employees
|Footnotes / references|
WAX was founded by William Quigley and Jonathan Yantis in 2017. Quigley is a co-founded of Tether (cryptocurrency), one of the first Stablecoin. It is currently headquartered in Cayman Islands. Quigley is currently overseeing all of the companies’ operations as the CEO. Quigley also co-founded Clearstone Venture Partners, an “early stage focused venture capital firm”.
Before WAX was founded, the founders were working on OPSkins. OPSkins initially operated as an online marketplace selling Counter-Strike: Global Offensive (CS:GO) in-game items.  OpSkins allowed for users to sell and trade in-game skins from CS:GO.
Since OPSkins, WAX has conducted studies on gamer interest in blockchain gaming and released more services and memberships in 2019. In early January 2019, European Esports brand, Fnatic, partnered up with WAX to distribute merchandise and collectables through the use of blockchain. WAX's blockchain uses Delegated proof of stake chain as its consensus mechanism.
- List of cryptocurrencies
- Chavez-Dreyfuss, Gertrude; Delevingne, Lawrence; Kerber, Ross (2017-11-14). "Big money is coming to bitcoin: ex-Fortress executive Novogratz". Reuters. Retrieved 2019-08-05.
- Thanh, Phong (May 29, 2019). "Introduction Staking and Voting on WAX". www.redpulse.com. Red Pulse. Retrieved 2019-08-05.
- Hall, Charlie (2019-03-04). "Real-world loot boxes are here, and gambling on them is a weird YouTube niche". Polygon. Retrieved 2019-08-06.
- Nguyen, Toan Van; Ryu, Geunwoong (July 25, 2019), Lee, Roger, ed., "An Alternative Development for RCANE Platform", Software Engineering Research, Management and Applications, Studies in Computational Intelligence, Springer International Publishing, pp. 205–219, doi:10.1007/978-3-030-24344-9_13, ISBN 9783030243449
- Heal, Jordan (August 1, 2019). "WAX CEO William Quigley: "Ethereum is just slow, difficult, and expensive"". Yahoo Finance. Coinrivet. Retrieved 2019-08-07.
- Dave, Paresh (May 24, 2016). "Venture capital firm March Capital Partners debuts with $240-million fund". Los Angeles Times. Retrieved 2019-08-06.
- "William Quigley". Business Insider. Business Insider. Retrieved 2019-08-06.
- Heal, Jordan (April 29, 2019). "What is the WAX Genesis Member Program?". finance.yahoo.com. Coin Rivet. Retrieved 2019-08-06 – via Yahoo Finance.
- Petersson, David (November 16, 2018). "A New 'Fortnite' Awaits In Blockchain Gaming". Forbes. Retrieved 2019-08-06.
- "Fnatic-WAX Partnership Combines Esports and Blockchain". Cheddar. January 11, 2019. Retrieved 2019-08-07.
- "WAX Solving Voter Apathy Problem Plaguing DPoS-Based Blockchains". AiThority. AI News Desk. May 3, 2019. Retrieved 2019-08-06.
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