WAX blockchain raises $10 million in push for GameFi and NFT market

Worldwide Asset eXchange (WAX), a blockchain for NFTs, has raised $10 million in funding to further develop its ecosystem.

NFTs from WAX can be sold on major platforms such as OpenSea. It has been used by brands such as NASCAR and Sony to create NFT collections.

The Worldwide Asset eXchange (WAX), a blockchain for non-fungible tokens (NFTs), videogames, and collectibles, announced on Thursday that it has raised $10 million in funding from OKX Blockdream Ventures, the investment arm of cryptocurrency exchange OKX.

According to a press release, the investment is in WAX Studios, the team behind WAX. It will be used to develop non-fungible NFTs in play-to-earn (P2E) games, build out an exchange for gaming tokens and upgrade the WAX Cloud Wallet, which can be used to send and store gaming NFTs.

Source: https://www.theblockcrypto.com/post/149675/wax-blockchain-raises-10-million-in-push-for-gamefi-and-nft-market