Worldwide Asset eXchange
“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 📆||2017Santa Monica, California in|
|Headquarters 🏙️||Cayman Island|
Area served 🗺️
Number of employees
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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.
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