esports are gaining in popularity.
Video games are no longer just for the neck-bearded, virgin. Now, has there is opportunity for anyone to make millions of dollars and become an esports celebrity. While being a neck-bearded virgin, lol.
As competitive video gaming grows in popularity, so does the overall enthusiasm for in-game merchandise and other digital assets (such as CryptoKitties).
For example, people pay $1000’s of dollars for a f***n gun skin in counter-strike. That’s right, $1000’s for a SKIN. A skin is primarily just a cover to make your gun look cooler. It doesn’t even improve the actual gun! Holy shit.
So…the Worldwide Asset eXchange (WAX) aims to disrupt the gaming, and virtual asset industry as a whole.
Let’s dig in…
Worldwide Asset eXchange (ticker: WAX)
Wtf is WAX?
WAX is a global decentralized marketplace for virtual assets. The application of WAX is much more straightforward then some of our previous coin reviews. Simply put, WAX is an ERC-20 token, which can be used to buy and sell virtual assets on its Worldwide Asset eXchange.
Let’s look at the market here. Just looking at in-game items alone is nothing to laugh at. There are an estimated 400+ million gamers who trade these in-game items, with an estimated market of $50B.
Using the WAX platform users can safely and securely buy and sell items…and they foster a great community with incentives.
To start, users can create their own stores. Users can also offer services to facilitate transactions and get rewarded in WAX. Lastly, appraisers are rewarded in WAX for their marketplace expertise and pricing critiques. There are other roles as well such as asset creators, who can create their own virtual assets and put them for sale in their marketplace.
There are more details, but you get the point. This project is not super technical next-gen blockchain 3.0 web shit, but it’s practical and useful…which is always great in this space.
Who tf is behind this shit?
The founders of opskins.com are behind this. Opskins is the largest marketplace for in-game items. So, this means that WAX has access to the largest marketplace and inventory to get this moving full steam ahead. We recommend checking out Opskins and it’s history to understand how big of a deal it is that they moved in to the blockchain space.
Anyways, Mid-Tier shitcoin, with hopes it can go high-tier due to it’s practical application and industry advantage from Opskins.
Hope you learned some shit.
- Mike and Aaron