WAX is a purpose-built blockchain and protocol token designed to make e-commerce transactions faster, easier, and safer. The project has a set of blockchain-based tools that can build NFTs and decentralized NFT marketplaces, create apps and play-to-earn games on the basis of the network. The WAX protocol is a decentralized blockchain solution that powers the WAX marketplace, and focuses on the transfer and exchange of virtual goods and services. WAXP is WAX's native utility token and is used for transaction fees, governance, staking, NFTs and GameFi and WAX DeFi.
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