Content creators on WAX can now easily reach audiences on other blockchain ecosystems
The WAX blockchain platform has been making significant efforts to improve interoperability, which could significantly impact the Web3 gaming industry. In this article, we will reveal WAX’s latest achievement in improving interoperability and its latest ecosystem performance.
- Wax’s dominance in the Web3 gaming
- Wax’s NFT Token Bridge extends liquidity reach
- Explore Wax’s vibrant ecosystem
- Useful links
Wax’s dominance in the Web3 gaming
Blockchain gaming is on the rise, and the WAX platform is at the forefront of this exciting new industry. According to DappRadar’s January BGA report, WAX continues to be the blockchain network with the most gaming activity thanks to 331,000 daily Unique Active Wallets (dUAW). These numbers clearly underline the platform’s popularity and dominance in the gaming space.
WAX strives to take its user experience to the next level, and in pursuit of this goal, it has rolled out a series of plans focused on improving interoperability.
As of Q1 2023, WAX will integrate an NFT bridge into its wallet. This means that users will be able to transfer their NFTs between WAX and Ethereum without hassle. Now let’s dive into some of the exciting features of this NFT bridge.
Wax’s NFT Token Bridge extends liquidity reach
The NFT Token Bridge, a new feature on the WAX blockchain, is set to go live next month. This feature will provide users with access to liquidity outside the WAX ecosystem, allowing for greater flexibility and wider adoption of NFTs.
By that time, users will be able to benefit from NFT Token Bridge via the upgraded WAX Cloud Wallet.
This innovative bi-directional bridge enables users to transfer their NFTs between the WAX blockchain and other EVM-compatible chains, expanding access to liquidity and opening up new opportunities for NFT trading and DeFi protocols.
For example, the introduction of the bridge makes it easy for users to take their NFTs minted on WAX to Ethereum and BNB Chain. Then users can participate in NFTFi protocols and NFT loans and trade on secondary marketplaces with their bridged NFTs.
As previously mentioned, the WAX ecosystem boasts a thriving gaming and NFT community. If you’re wondering which native NFTs will also appeal to users on other networks, take a look at the trending projects to get a better understanding.
Explore Wax’s vibrant ecosystem
Alien Worlds is an NFT metaverse game. In this game, players compete for scarce resources, including NFTs and in-game tokens, in a simulated economy. It’s worth noting that the game has almost always been sitting on the top of DappRadar’s Game Ranking.
In the past 30 days, Alien Worlds has experienced a recent surge in popularity, with its UAW increasing by 9.77%. The game has also recorded a large number of transactions, with over 407.45 million recorded. Additionally, it has seen a significant increase in volume, with over $1.7 million generated, representing a growth of 149.75%.
Blockchain Brawlers is a wrestling-themed battle game with playable NFT characters. These NFTs have over-the-top costumes and unique personalities, and each one plays a vital role in the game’s play-to-earn economy.
The game is becoming an increasingly popular choice for NFT collectors and gamers alike. It has recorded 30-day growth in both UAW and transactions, with the former climbing by 65% and the latter by 20%.
Many well-known brands have chosen to collaborate with Wax on NFTs, including Funko, the company that manufactures licensed and limited pop culture collectibles. Funko’s Wax NFTs are also popular with collectors. And they are frequently at the top of the Wax NFT rankings.
In the past 30 days, Funko’s Nickelodeon Cartoons Series has accumulated more than $490,000 in volume. Additionally, its Halloween collection has remained a hit, recording over $133,000 in trading volume.
These impressive numbers are just a tiny part of the vibrant Wax ecosystem. It currently has over 700,000 daily active users and is home to plenty of blockchain games.
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