NFT King, a decentralized video game and entertainment network, now has over three million accounts.
Global Asset Exchange (WAX for short) provides an easy-to-use cloud wallet and a convenient way to create, buy, sell and exchange non-sponge tokens.
The congestion of the Ethereum blockchain has prompted a number of developers to start looking for alternatives – and DApp Radar data shows that by the end of March, WAX had more active wallets than Tron, EOS, Ethereum and Flow.
Alien Worlds, a space game based on WAX, has cemented its top spot. Data shows that DApp has had 392,000 users in the past 24 hours – much more than other games including Upland, R-PLANET, and Galaxy Blocks.
Unlike NBA Top Shot, which is based on the Flow blockchain, Alien Worlds is a regular part of the WAX infrastructure and community, since WAX tokens are an important part of the games.
Strong growth in April
WAX says the promising blockchain computing can be linked to a number of high-profile releases, including Alien Worlds.
Last month, collectible card giant Topps announced the debut of the NFT Major League Baseball Series 1 collection on the WAX blockchain – which features base cards, retro designs, and Twain sets. Standard and Premium Packs are available with pre-made cards, giving players the opportunity to unlock rare and legendary cards.
WAX posted a record customer acquisition, with over 70,000 NFT packages sold in under an hour. This was Topps’ biggest sale on the blockchain to date. The legendary exclusive collection sold on the secondary market for $ 87,672, just three days after the initial sale.
Known for its selection of pop culture collectibles and games featuring favorite characters from the best TV shows including Disney, Marvel, and Star Wars, Funko is also using WAX’s proprietary WAX technology, vIRL, to release its first NFT collection.
More information from WAXHEZD
Partnerships with major brands
Overall, WAX has been well positioned to create a wave of unprecedented demand for NFTs. In recent months, it has also partnered with Atari to release a number of deadmau5 token hosting video game creatives, and the blockchain was chosen to launch the Capcom Street Fighter Series 1 sale.
In addition to exchanging cards, WAX was also home to NFTs celebrating special events, including the 90th birthday of Leonard Nimoy, the late actor known for his brilliant performance of Mr. Spock in Star Trek. A portion of the proceeds from this sale were donated to charity and research funding for COPD.
Big brands have been attracted to WAX because they provide easy access to artists and collectors, with a business model that puts fans first and provides NFTs at affordable prices. Its Proof of Stake blockchain is also environmentally friendly. While the transaction on the Ethereum blockchain uses enough power to power eight refrigerators, the transaction on WAX is sufficient to power a light bulb.
Behind the scenes work has also been underway to ensure that the WAX network infrastructure continues to support the community. WAX Labs 2.0, which enables visionaries to secure funding for projects that advance society as a whole, was launched earlier this year. Not only does this include a new design and a more decentralized sense, but community voting allows like-minded people to vote on projects they want approved.
There is a strong belief in the crypto sector that we’re just starting to scratch the surface when it comes to what NFTs are capable of, and use cases can go far beyond digital art and trading cards. With premium music currently only sought after in one region, WAX plans to become a hub of innovation as this asset class gains ground.