Review on WAX by Toprak Dere
About WAX
The WAX platform is designed to maximize liquidity by supporting a variety of sales structures, enabling alternative sales mechanisms such as bidding and reserve bidding.
WAX is a global P2P marketplace specifically designed for the shopping or trading of video game related virtual items. All transactions are carried out through smart contracts and the financial risks frequently made by marketing are completely eliminated.
This protocol is primarily focused on serving the rapidly growing gaming industry, but is also configured to suit the needs of various retail market segments. In addition, WAX coin primarily benefits from tradesmen associations to meet the high yield demand in the global market and uses the Authorized Duty Document consensus algorithm for other smart technological solutions.
With the advent of various blockchain technologies, it is obvious that it means a lot in terms of streamlining the exchange of assets in the online gaming industry. In the past, companies like Steam monopolized the game market and charged users high transaction fees, services like WAX have the potential to completely change the balance and change the way virtual game trading is done today.
Pros
- The WAX platform is a new digital marketplace that allows the creation of digital assets in a completely decentralized way. It offers customers a token that makes it easy to buy and sell digital goods effortlessly.
- With more revenue in the gaming industry than ever before, it's no surprise to see WAX on the list of top cryptos to watch out for in 2021.
Cons
- none
