The WAX blockchain (WAXP) positions itself as a user-friendly platform for digital asset commerce, particularly for non-fungible tokens (NFTs) and digital collectibles. WAX aims to foster a user-centric environment for play-to-earn gaming applications through the seamless creation, trading, and ownership of digital collectibles and NFTs within the gaming ecosystem.
WAXP, the native token of the WAX blockchain, plays a multifaceted role in driving transactions, securing the network, and shaping governance in the ecosystem. WAXP serves as the primary medium of exchange for transaction fees be it trading digital assets, engaging in decentralized applications (dApps), or participating in marketplace activities.
Besides earning rewards from staking, WAXP holders can also vote and shape the future of the blockchain by participating in the decision-making processes pertaining to network upgrades, protocol changes, and community initiatives.
