Collectors, Brands and Developers Reap Huge Rewards Via WAX Blockchain Ecosystem
Imagine an eco-friendly blockchain that offers creators, developers, gamers and everyday users the chance to collect and sell valuable NFTs, follow their passions and make some serious earnings in the process — that’s WAX.
The past few months have been chock-full of phenomenal projects that have seen users benefiting in numerous ways. The following recap reveals why WAX has become one of the most trusted and transacted blockchains in the world.
Huge Brands and Collectors Capitalizing on WAX
The dynamic NFTs launching via WAX on a weekly basis inspire avid fans to grow their collections and share with friends — but there’s so much more than what meets the eye.
Funko, MLB, Alien Worlds, Street Fighter and more are prime examples of this. Some of our NFT collectors have initially put in mere dollars for the collections they love and then been able to resell select NFTs for as much as $120k.
- Mike Trout MLB NFT sold for $119,112
- Max TokenHead Funko POP! Promo Card (free) sold for $25,497
- Alien Worlds Grassland on Neri NFT sold for $119,978.73
- And many more…
Not to mention, there are some play-to-earn games like Alien Worlds and Farmer’s World that see players earning thousands of dollars per day, just for playing their favorite games (more on this later).
DeFi continues to be a hit, as participants in WAXE DeFi have earned more than 802 ETH (more than $2.5 million) in rewards of ETH and WAXG. Click here to learn more about DeFi on WAX.
dApp and Game Developers Banking on WAX
dApp developers have and continue to make millions — even billions — of dollars on WAX.
For example, according to DappRadar, Alien Worlds is the #1 most used dApp in the world. Not only has it generated $56 million in NFT secondary market volume on WAX — it has also launched the TLM token, now having a fully diluted market cap of $3.4 billion itself.
R-Planet doesn’t fall very far behind. Already having generated $35 million in secondary volume, its Aether token on WAX is also growing in usage.
The fun certainly doesn’t stop here — there are dozens of other indie developers with NFT-based games and tokens that are rapidly making their way to WAX and are seeing massive NFT trading volume on secondary markets.
There are already more than 30,000 projects on WAX, taking advantage of all the WAX ecosystem has to offer.
Game devs, don’t get left out!
WAX offers a unique opportunity to build on a platform with massive volume (we are the most used and transacted blockchain in the world, after all) while providing a simple wallet experience and phenomenal tools.
WAX redefines convenience and simplicity — setting a new standard for ease-of-use, we provide an exceptional blockchain experience for users new and old, making us a top pick for new game tech.
Big Brands Going Bigger
We have welcomed some pretty awesome properties to WAX, including Topps, Capcom and Funko, as previously described.
These industry giants have already proven their success out in the real world — they have also built massive businesses on WAX.
If we combined all the primary sales, plus the current value of WAX utilized for trading items on secondary markets, all three brands’ NFT collections are valued at approximately $50 million.
Additionally, the use of WAX’s proprietary vIRL® technology further raises the bar for profit potential.
In short, vIRLs tie real world services and goods to NFTs.
Funko Digital Pop! has fully leaned into our proprietary technology and is reaping the benefits.
Teenage Mutant Ninja Turtles Series 1 and Big Boy Series 1 collections on WAX were instant hits — each of them offering real life, redeemable rewards through vIRLs.
Both collections sold out in under 30 minutes, with more than 50,000 collectors waiting in queue for a chance to score a pack.
WAX continues to grow and expand while offering creators and consumers the ability to reap the numerous benefits the blockchain offers.
Keep your eyes peeled and ears open — more news is on the way!