WAX is an acronym which stands for Worldwide Assets Exchange. WAX is a platform that enables users to create virtual marketplaces where people can buy or exchange virtual goods. This global platform allows users to have a trustless exchange of items; it operates on smart contracts underlying the transactions where anyone can engage securely with an easy payment process.
WAX provides a global platform for more than 400 million gamers; they can sell and buy their gaming assets through a decentralized marketplace where they can interact with each other. This marketplace displays items and their prices and works as a database; sellers enter into one pool globally where buyers engage them directly to perform a seamless transaction.
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