Among all Layer-1 Blockchains, WAX has risen to second place in terms of NFT sales volume.
Worldwide Asset eXchange (WAX) Blockchain has surpassed Solana and Flow to become the #2 mainnet/layer-1 blockchain in daily and 30-day NFT sales volume, trailing only Ethereum.
Since the end of September, a surge in gaming activity has resulted in a tenfold rise in daily NFT sales volume.
Games-related NFT collections now account for about 90% of the top 50 NFT collections on WAX in terms of daily sales volume.
“WAX was founded on gaming,” claimed William E. Quigley, one of the company’s co-founders.
“It is the ideal blockchain for games that want to incorporate elements like play-and-earn monetization at scale, with its high transaction volume capacity proven in real-world operations, unique fee structure of no minting and gifting transaction fees, and energy efficient and low carbon footprint.”
WAX is the most widely used blockchain in the world, processing 4-times more than any other blockchain and 5-times more than Ethereum’s current theoretical limit.
It is the most widely utilised blockchain for games, clearing more than 15 million transactions per day and accounting for almost three-quarters of all daily game-related transactions across all blockchains.
Despite its high activity, WAX is one of the most environmentally efficient blockchains, using just.000223 terawatts of electricity and emitting only 110 tonnes of carbon every year (equivalent to approximately only 1.5 American households).
WAX was also the first blockchain to be recognised as carbon-neutral.
According to Dappradar.com, the Worldwide Asset eXchangeTM (WAX), often known as the King of NFTs, is the world’s most popular blockchain in terms of users and transactions.
WAX’s aim is to make NFTs accessible to the general public in the world’s safest, most secure, ecologically responsible, and user-friendly marketplace.
WAX is also the leading entertainment NFT network, having developed vIRLs® in 2018, allowing consumer goods producers to attach NFTs to tangible consumer products directly. WAX, which was co-founded by William E.
Quigley and Jonathan Yantis in 2017, has allowed the trading of over 100 million digital collectibles, including MLB (through Topps MLB collectibles), Funko Digital POP!, Capcom’s “Street Fighter,” and world-renowned entertainers Deadmau5 and Weezer.
This article is just for educational purposes.
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