WAX is a company.
WAX has raised $10.0M across 1 funding round.
Key people at WAX.
WAX has raised $10.0M in total across 1 funding round.
WAX (Worldwide Asset eXchange) is a purpose-built blockchain platform specializing in NFTs, gaming, and e-commerce, enabling fee-free trading of digital collectibles, in-game items, and virtual goods with real-world utility via its patented vIRL NFT technology.[1][2][3] It serves gamers, developers, brands, and NFT collectors by providing a scalable, carbon-neutral ecosystem with tools like the WAX Cloud Wallet, NFT marketplaces, and bridges to chains such as Solana, Polygon, and TON, handling over 23 million daily transactions across 30K+ dApps and 15M+ accounts.[2][3][4] WAX solves key blockchain pain points—high fees, slow speeds, and poor interoperability—through Delegated Proof-of-Stake (DPoS) consensus, fostering play-to-earn games like *Alien Worlds* and *Farmer’s World* while empowering brands to launch NFTs globally without gas costs.[1][3][4]
WAX was founded in 2017 by crypto pioneers William Quigley and Jonathan Yantis, who aimed to create the safest, most convenient platform for trading virtual and physical items in e-commerce.[1][3][4] Quigley and Yantis, experienced in blockchain from prior ventures, launched WAX as a DPoS blockchain compatible with EOS, initially focused on optimizing transactions for shopping and gaming to make them faster, simpler, and more secure for all parties.[1][2] Early traction came from its eco-friendly design and developer incentives, evolving into a gaming and NFT hub with partnerships like Amazon Web Services in 2024 for integration into Amazon Managed Blockchain, solidifying its position in Web3.[2][3]
WAX rides the Web3 gaming and NFT resurgence, capitalizing on play-to-earn models and brand-NFT integrations amid growing demand for accessible blockchain e-commerce.[3][4] Its timing aligns with interoperability trends, bridging siloed chains to enable cross-ecosystem liquidity, while market forces like sustainability mandates and AAA studios entering Web3 (e.g., AWS partnership) favor its high-throughput, green infrastructure.[2][3] WAX influences the ecosystem by democratizing NFT creation for brands and powering millions of daily users, setting standards for scalable, user-friendly blockchains in a post-PoW era.[1][2][4]
WAX is poised to expand as Web3 gaming matures into mainstream adoption, leveraging AWS integration and bridge dominance to capture more dApps and enterprise brands amid rising NFT utility in virtual economies.[2][3] Trends like carbon-neutral mandates, AI-driven games, and metaverse growth will amplify its edge, potentially scaling to billions in transacted value as interoperability becomes table stakes.[2][4] Its influence may evolve from NFT/gaming specialist to e-commerce backbone, rewarding early movers in this high-momentum blockchain hub.[1][3]
WAX has raised $10.0M in total across 1 funding round.
WAX's investors include Founders Fund, Slow Ventures, Stellar Capital.
Key people at WAX.
WAX has raised $10.0M across 1 funding round. Most recently, it raised $10.0M Seed in May 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2022 | $10.0M Seed | Founders Fund, Slow Ventures, Stellar Capital |
