What is the WAX blockchain?

What is WAX? WAX stands for Worldwide Asset eXchange and it is a blockchain for creating and trading NFTs (Non Fungible Tokens). The main cryptocurrency in this blockchain is called WAX, and its ticker in online crypto exchanges, such as Binance, is WAXP. Other interesting information is that WAX is a fork of EOS. These blockchains are sometimes called antelope blockchains.

Image Credit: WAX

WAX blockchain has very low 'gas fees'. This is possible because in the WAX blockchain, you can stake WAXP into three resources: CPU, NET, and RAM. CPU and NET resources are used for transactions and they automatically recover every day, so you basically stake these resources once, and never spend anything during transactions ever again. RAM determines how many NFTs your wallet can store, but even then it is a fairly low price.

Popular wallets for WAX (ticker WAXP) include the following:

My Cloud Wallet ( https://mycloudwallet.com ), which is a web wallet. No downloads necessary, and easy to use. Might not work in some countries, though.

The other option is called Anchor wallet for Wax, it takes a bit of work to setup, but it allows you to hold your own private keys, and works on every country.

Popular websites to create and trade NFTs include https://atomichub.io and https://neftyblocks.com Another great option is https://nfthive.io

WAX has many great games that use its NFTs as well, such as Alien Worlds, Dungeon Master, and Galactic 123. More articles about Alien Worlds coming soon, which is play to earn game with a large community.

Learn more about WAX at their official website, https://wax.io

If you want to get into the world of NFTs, this is an excellent choice.