Worldwide Asset eXchange

From EverybodyWiki Bios & Wiki


“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[1][2].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.[3] 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.[3]

Worldwide Asset eXchange
Worldwide Asset eXchange Logo.png
Private
ISIN🆔
Industry
  • Cryptocurrency
  • Blockchain
  • Decentralized Marketplace
Founded 📆2017; 5 years ago (2017) in Santa Monica, California
Founders 👔
  • William Quigley
  • Jonathan Yantis
Headquarters 🏙️Cayman Island
Area served 🗺️
Key people
Members
Number of employees
🌐 Websitewww.wax.io
📇 Address
📞 telephone
Footnotes / references

History[edit]

WAX was founded by William Quigley and Jonathan Yantis in 2017.[4] 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.[5] Quigley also co-founded Clearstone Venture Partners, an “early stage focused venture capital firm”.[6][7]

Before WAX was founded, the founders were working on OPSkins.[3] OPSkins initially operated as an online marketplace selling Counter-Strike: Global Offensive (CS:GO) in-game items. [3] 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.[8][9] In early January 2019, European Esports brand, Fnatic, partnered up with WAX to distribute merchandise and collectables through the use of blockchain.[10] WAX's blockchain uses Delegated proof of stake chain as its consensus mechanism.[11]

See Also[edit]

References[edit]

  1. 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.
  2. Thanh, Phong (May 29, 2019). "Introduction Staking and Voting on WAX". www.redpulse.com. Red Pulse. Retrieved 2019-08-05.
  3. 3.0 3.1 3.2 3.3 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.
  4. 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
  5. Heal, Jordan (August 1, 2019). "WAX CEO William Quigley: "Ethereum is just slow, difficult, and expensive"". Yahoo Finance. Coinrivet. Retrieved 2019-08-07.
  6. Dave, Paresh (May 24, 2016). "Venture capital firm March Capital Partners debuts with $240-million fund". Los Angeles Times. Retrieved 2019-08-06.
  7. "William Quigley". Business Insider. Business Insider. Retrieved 2019-08-06.
  8. Heal, Jordan (April 29, 2019). "What is the WAX Genesis Member Program?". finance.yahoo.com. Coin Rivet. Retrieved 2019-08-06 – via Yahoo Finance.
  9. Petersson, David (November 16, 2018). "A New 'Fortnite' Awaits In Blockchain Gaming". Forbes. Retrieved 2019-08-06.
  10. "Fnatic-WAX Partnership Combines Esports and Blockchain". Cheddar. January 11, 2019. Retrieved 2019-08-07.
  11. "WAX Solving Voter Apathy Problem Plaguing DPoS-Based Blockchains". AiThority. AI News Desk. May 3, 2019. Retrieved 2019-08-06.


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