What is Wax?
WAX, co-founded in 2017 by William E. Quigley and Jonathan Yantis, operates as the leading blockchain for NFTs, distinguished by its high user and transaction volume. The platform's core mission is to democratize access to NFTs through a secure, user-friendly, and environmentally conscious marketplace. WAX has been instrumental in linking NFTs to physical products via its vIRLs® technology, facilitating over 100 million digital collectible trades for major brands and entertainers, including Mattel, Hasbro, Major League Baseball, and Capcom. It also serves as a primary network for play-to-earn gaming and entertainment NFTs within the metaverse, hosting popular titles like Alien Worlds and Splinterlands.
How much funding has Wax raised?
Wax has raised a total of $10M across 1 funding round:
Other Financing Round
$10M
Other Financing Round (2022): $10M with participation from OKX
Key Investors in Wax
OKX
OKX is a cryptocurrency exchange platform that facilitates the buying and selling of digital assets, indicating a strategic interest in the blockchain and NFT ecosystem.
What's next for Wax?
The substantial enterprise-level funding WAX has garnered, particularly the recent strategic investment, positions the company for accelerated development and broader market penetration. This capital infusion is expected to fuel advancements in its NFT marketplace technology, expand its ecosystem of gaming and entertainment partners, and further solidify its leadership in the burgeoning metaverse. WAX's strategic focus on mass adoption and its proven track record with major brands suggest a trajectory aimed at mainstream integration of digital collectibles and blockchain-based experiences.
See full Wax company page
