What problem does this service solve?

WAX.io is a subsidiary of Opskins, which operates a centralized trading platform for virtual in-game items that have video game players have acquired and may want to monetize. The goal of the project is to create a blockchain-based decentralized platform that will leverage its transparency and efficiencies to further empower gaming enthusiasts.CWV aims to make it easier to develop gaming DApps.

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Company Description

The Worldwide Asset eXchange (WAX) is a decentralized marketplace for in game virtual items. It specifically targets video game players. WAX was created by Opskins, which already operates a centralized trading platform that allows millions of gamers to buy and sell in-game assets. WAX is designed to serve the estimated 2 billion video game players that hold a variety of digital items. A decentralized trading platform, that is powered by the native WAX token, would enable anyone to operate an item marketplace similar to Opskins. The company launched this token in an ICO that raised $64 million. WAX promises to empower virtual asset holders with a secure exchange that has free transaction processing and instant payments. This would also create greater liquidity for a wide range of virtual items that would otherwise be difficult to monetize.

CWV Chain is a blockchain that combines elements of dPoS with Raft consensus. It is designed to be a development platform for DApps that will allow for greater speed and scalability. The project has been used to allow gamers to transfer virtual assets onto their platform so that they can be exchanged for other digital assets. The network is currently powered by the Ethereum-based CWV token.

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