Blockchain Gaming & Web3 field guide

WAX.

A blockchain built around digital collectibles.

WAX is a blockchain ecosystem known for digital collectibles, games, and marketplaces. WAXP is its network token.

What it isWhy it mattersWhat can go wrongWhat to do next

NetworkDelegated Proof of Stake

SupplyVariable supply

Birthday / launchJuly 17, 2019 — WAX mainnet launch

Know the backstory

July 17, 2019 — WAX mainnet launch

Built by: WAX / Worldwide Asset eXchange founding team

WAX launched a mainnet aimed at digital commerce, collectibles, and games. It uses EOSIO-style account names and delegated proof of stake rather than an Ethereum-style address-only experience.

Why it stands apart

A blockchain built around digital collectibles.

WAX is built around consumer-friendly accounts, marketplace activity, and resource-based transactions; WAXP can be staked and used in the network's resource model.

Bottom line: WAX has its own design, trade-offs, and risks. Learn the network before you use the asset.

Follow the money

What happens after you hit send.

A user signs a transfer or app action with a WAX account permission.
Block producers validate and publish blocks under delegated proof of stake.
The resulting action becomes part of the public WAX chain history.

Know the economics

Where new WAXP comes from.

WAXP supply and reward mechanics are protocol-defined and can differ from fixed-cap coins.

Protect the downside

The mistake you cannot undo.

WAX permissions can authorize powerful actions. Verify marketplace sites, wallet prompts, and collection contracts before approving them.

Go beyond the summary

The subject in plain English.

WAX is a separate system with its own rules, people, and trade-offs. This page explains the basics in plain English so you can understand it before deciding whether to use it.

Start with the plain version

WAX is a blockchain ecosystem known for digital collectibles, games, and marketplaces. WAXP is its network token.

Its birthday and backstory

July 17, 2019 — WAX mainnet launch. WAX launched a mainnet aimed at digital commerce, collectibles, and games. It uses EOSIO-style account names and delegated proof of stake rather than an Ethereum-style address-only experience.

Who is behind it?

WAX / Worldwide Asset eXchange founding team. Names can explain a project’s history, but they do not make an asset safe or guarantee its future.

What keeps the record

WAX uses Delegated Proof of Stake. Accounts, assets, and applications live on the WAX network. Verify marketplace links and wallet prompts before approving anything.

Supply, fees, and incentives

WAXP supply and reward mechanics are protocol-defined and can differ from fixed-cap coins.

The part to take seriously

WAX permissions can authorize powerful actions. Verify marketplace sites, wallet prompts, and collection contracts before approving them.

What people use it for

Where this matters.

Learn how the network records activity
Understand the difference between the asset, the network, and the company around it
Recognize the correct network before a transfer
Check whether a wallet or service actually supports this asset

Before you act

Verify before you sign.

Find the project through an official link, not an ad, reply, or direct message.
Confirm the exact name, ticker, network, and token or contract address.
Do not share a recovery phrase, private key, or remote access with anyone.
Use a small test transaction before moving an amount that matters.
Treat every purchase, yield offer, or app approval as a separate risk decision.

Common questions

Clear answers before money moves.

When did WAX begin? +

July 17, 2019 — WAX mainnet launch

Who built WAX? +

WAX / Worldwide Asset eXchange founding team

What blockchain does it use? +

WAX uses Delegated Proof of Stake. WAX is built around consumer-friendly accounts, marketplace activity, and resource-based transactions; WAXP can be staked and used in the network's resource model.

What is the safest first step? +

Read the official documentation, verify the correct network, and make a tiny test before connecting a meaningful wallet or sending a meaningful amount.

Primary sources