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Is WAX a Good Investment for Long Term?
WAX (WAXP) is an intriguing entertainment-focused initiative that has received much less attention than some of its flashier contemporaries since it was launched in 2017.
In order to enable and speed up transactions linked to gaming, entertainment, collectibles and other things that are popular within the crypto community, WAX has developed the WAX blockchain. Wax wants to make it as simple as possible for collectors and other enthusiasts to trade their prized possessions with one other.
Already, WAX has forged alliances with some of the world’s most well-known entertainment firms and brands.
We can see this by looking at the public stats for WAX’s blockchain: over 12 million active users and over 23 million network transactions since the platform’s launch are just some of the impressive statistics.
As a result, WAX uses Delegated PoS (DPoS), a slightly modified version of the PoS consensus method, to enhance its network’s speed and cost-effectiveness.
We think this project has long-term potential, especially given how popular yet underappreciated WAX is among the crypto community’s interest in entertainment-related endeavors.
