NFT

WAX drops 10 million NFTs on blockchain accounts with zero carbon emissions

Known as the King of NFT and the world’s leading entertainment network, Worldwide Asset eXchange will celebrate its milestones by depositing 10 million NFTs on WAX blockchain accounts.

With 15 to 20 million transactions per day, WAX has established itself as the world’s leading blockchain by transaction volume. Recently, the platform had more than 11 million wallet accounts.

The biggest and only NFT drop so far

This drop event brings free NFT to the first 10 million WAX wallet holders. The project aims to honor its loyal community while demonstrating that more than 10 million NFTs can be minted and distributed with zero carbon emissions.

WAX CEO and co-founder William Quigley said:

“We developed WAX to handle bulk business for the consumer market. We have not only combined the best NFT standard, but also a user-friendly marketplace, DEX and cloud wallet. I believe we achieved our goal as WAX has the highest trading volume compared to other chains.”

At 10 pins, the free NFTs celebrate several key milestones in WAX history, including the launch of mainnet in 2019.

Pin #1 –  mainnet launch celebration in 2019

The other pins represent different aspects of the development of the platform, from the launch of the WAX ​​Cloud wallet and the arrival of Play2Earn to the various partnerships and middle certifications.

Pin #9 – 3 toys represent partnership with Mattel, Funko, Hasbro

According to DappRadar, Wax’s transaction volume is outperforming its peers, including giants like Ethereum, Solana, Polygon, BSC, NEAR, Avalanche, and more.

“My partner and I have been in the virtual gaming market for many years. We understand the value of decentralizing virtual items so they can be freely transferred. We already know Ethereum’s limitations when it comes to cost and speed caps. So we decided to build a blockchain for NFT.”

Number of transactions on the log | Source: DappRadar

The future of NFT

WAX offers a range of outstanding monetization games that are among the most popular dapps by DappRadar user count, including Quigley’s current favorite – Farmers World. The game generated $136.64 million from NFT trades alone, he said.

“In-game NFT has become valuable as more people get involved. Players will chop down trees using various NFT assets, virtual axes, chainsaws and even giant harvesters. It’s a simple but very fun game, your wood production is converted into game gold that can be sold on the DEX for WAX tokens.

Quigley predicts that many consumer products will soon be tokenized and argues that the vIRL NFT (Virtual World in Real Life) will be popular for years to come.

“The NFT becomes a computer. They can be programmed to do anything your imagination and the software can think of. In the future, more and more NFTs tied to actual consumer products will appear.”

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Crypto Institutional Investors Move To ETFSwap (ETFS) Amid $500 Million Liquidity Injection Expectations

Discover why crypto investors are moving to ETFSwap (ETFS) as $500 million liquidity injection is…

1 hour ago

Buyers Rush to Maximise Gains with BlockDAG’s 100% Bonus Offer; Plus, ETH Holds Strong as Solana Challenges Rivals

Learn about BlockDAG's $110M presale achievement and the whopping 100% bonus offer, alongside Ethereum's growth…

3 hours ago

Thai Police Corruption Case Involving Officers and Extortion

Thai police corruption exposed as officers extort millions in USDT from a Chinese man under…

6 hours ago

SafePal Telegram Wallet Launches with Swiss Bank Accounts and CeDeFi

SafePal Telegram Wallet allows 950 million users to create compliant crypto-friendly Swiss bank accounts, integrating…

7 hours ago

Sheetz Crypto Payments Now Accepted at Over 750 US Locations

Sheetz crypto payments: 750+ US stores now accept Bitcoin, Ethereum, and more, rewarding customers through…

7 hours ago

Zhu Su Wife Sells Singapore Mansion for $38 Million

Zhu Su’s wife sells Singapore mansion for $38.5 million amid heightened financial scrutiny on Three…

8 hours ago

This website uses cookies.