What is Wax?
The Worldwide Asset eXchange, or Wax, operates as a specialized blockchain network engineered to facilitate the mass-market adoption of non-fungible tokens (NFTs). Since its inception in 2017, the platform has distinguished itself through its vIRLs technology, which bridges the gap between digital collectibles and physical consumer goods. With a proven track record of supporting high-profile partnerships with industry giants such as Mattel, Hasbro, and Topps, Wax has established itself as a critical infrastructure provider for the metaverse. The platform's architecture is specifically optimized for high-volume transactions, making it the preferred choice for play-to-earn gaming ecosystems and digital asset marketplaces that require both security and scalability.
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 global cryptocurrency exchange and platform that provides advanced financial services, including trading and digital asset management, to a worldwide user base.
What's next for Wax?
With this recent capital injection, Wax is well-positioned to accelerate its strategic roadmap, focusing on the expansion of its gaming ecosystem and the integration of more sophisticated enterprise-grade tools. The company aims to further solidify its leadership in the NFT space by enhancing its marketplace capabilities and fostering deeper integration with global entertainment brands. As the metaverse continues to evolve, Wax's focus on user-friendly, environmentally conscious blockchain solutions will likely serve as a primary driver for its next phase of growth, enabling the company to capture a larger share of the burgeoning digital collectibles market while maintaining its operational efficiency.
See full Wax company page
