About WAX (WAXP)
The World Wide Asset eXchange — more commonly known as WAX — is an NFT and GameFi optimized blockchain. Its native cryptocurrency, WAXP, is used within its delegated proof-of-stake consensus mechanism and governance process. Network users pay transaction fees in WAXP and use it as a medium of exchange at WAX's NFT marketplaces.
A group of 21 block producers — known as WAX Guilds — creates the network itself. More centralized than many blockchains, this small validator set enables WAX to claim complete carbon neutrality, as per the project's documentation. WAX is also partnered with carbon-offsetting firm ClimateCare.
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