WAX
WAX is a Layer-1 blockchain purpose-built for NFTs, blockchain gaming, and digital collectibles, serving gamers, NFT collectors, DeFi users, creators, and enterprise brands through a tokenized asset marketplace with cross-chain bridges and a flagship Web3 game.
- Company typePrivate
- Founded2017
- HeadquartersGrand Cayman, Cayman Islands
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
What WAX does
WAX (Worldwide Asset eXchange) is a Layer-1 blockchain launched in 2017 and operated by Exposition Park Holdings SEZC, a Cayman Islands exempted company headquartered in George Town. The protocol is purpose-built for NFTs, blockchain gaming, and digital collectibles, running delegated proof-of-stake consensus on EOSIO-derived technology with verified carbon-neutral operations. Per its own reporting, the network hosts 15.3M+ accounts, 200K+ daily active wallets, 450M+ NFTs across 100K+ collections, and processes 3K+ transactions per second and 23M+ transactions per day across 30K+ dApps.
The core product surface includes the WAXP native token (with ~8% APY staking rewards), the Cloud Wallet, WAXFusion liquid staking, WAX Labs DAO funding program, a cross-chain bridge to Solana/Polygon/Base/TON/Ethereum/BNB Chain, the AtomicAssets NFT standard, and developer tooling (WharfKit SDK, Unity SDK, WAX-CDT, Hyperion History API). Marketplace and gaming infrastructure spans AtomicHub, NFTHive, NeftyBlocks, Alcor Exchange, TacoSwap, and the flagship Web3 game 'Brawlers' (via Epic Games Store and Amazon Prime Gaming). Enterprise partners include AWS (Amazon Managed Blockchain integration, 2024), Amazon Prime Gaming, Epic Games Store, Funko/Disney/Star Wars (via Droppp), NASCAR, Sony, Hasbro, and Mattel.
Revenue mechanics combine network transaction fees (account creation, smart contract execution, NFT operations), third-party marketplace commissions (AtomicHub, NFTHive, NeftyBlocks), WAXP token inflation funding block-producer rewards, and the WAX Labs DAO treasury (operational plus community-managed funds, denominated in WAX). Pricing is largely transaction-based / staking-yield-based rather than enterprise SaaS, with no publicly disclosed enterprise tiers. GTM is product-led (Cloud Wallet, NFT marketplaces, DEX, launchpad), community-led (Discord, Telegram, WAX Labs DAO), and supplemented by enterprise field sales for brand integrations. The most recent disclosed capital event was a $10M corporate round from OKX Blockdream Ventures in June 2022; revenue is not publicly disclosed.
WAX firmographics
Firmographics- Name
- WAX
- Legal name
- Exposition Park Holdings SEZC
- Website
- https://wax.io
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- WAX is a Layer-1 blockchain purpose-built for NFTs, blockchain gaming, and digital collectibles, serving gamers, NFT collectors, DeFi users, creators, and enterprise brands through a tokenized asset marketplace with cross-chain bridges and a flagship Web3 game.
- Ownership category
- akta.pro rank
WAX industry classification
Industry- Product category
- Layer-1 Blockchain Infrastructure
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Layer 1 Base Protocols & Consensus (execution, consensus, security, clients) (FSAPAAAA)
- akta.pro secondary industries
- NFT Commerce, Ticketing & Utility Enablement (token-gated access, memberships, passes, ticketing rails) (FSAPAFAJ), On-Chain Game Engines & Developer Tooling (SDKs, APIs, Unity/Unreal plugins) (FSAPAGAB), Staking Validators (PoS) & Delegation Services (FSADAKAC), Staking Pools & Delegation Platforms (FSADAOAJ)
Keywords
Where WAX is headquartered
LocationHeadquarters
- HQ city
- Grand Cayman
- HQ country
- Cayman Islands
Offices1 record
Markets served
WAX business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations, Others
Revenue model
- Network Transaction Fees: WAX blockchain charges small fees for transactions including account creation, smart contract execution, and NFT operations. While positioned as low-cost, fees fund network operations and validator rewards.
- Marketplace Commission (Third-Party): NFT marketplaces on WAX (AtomicHub, NFTHive, NeftyBlocks) charge trading fees/commissions. WAX as a platform benefits indirectly through ecosystem activity and token utility.
- Token Inflation (Staking Rewards): WAX uses delegated proof of stake with token inflation funding block producer rewards (~8% APY for stakers). The network allocates rewards to maintain security and incentivize participation.
- WAX Labs Funding Allocation: Operational funds managed through WAX Labs DAO with community voting. The treasury accumulates WAX tokens allocated for ecosystem development, governance, and grants.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Basic Network Usage |
| Outcome Based/ Performance | Weekly | Staking Rewards |
| Hybrid | Pay-as-you-go | WAXFusion Liquid Staking |
| Usage-based | Pay-as-you-go | Liquidity Pool Rewards |
Go-to-market motion3 records
Distribution channels10 records
Marketing channels8 records
WAX product offering
Product offeringCore offering
WAX is a Layer-1 blockchain protocol purpose-built for NFTs, blockchain gaming, and digital collectibles, providing the infrastructure for token and NFT creation, trading, and gaming applications. The platform supports non-custodial wallets (Cloud Wallet), a native token (WAXP), liquid staking (WAXFusion), cross-chain fee-free bridging, NFT marketplaces, a DEX, and developer tools (SDKs, smart contract toolkits). It is operated as a decentralized community-governed network with carbon-neutral, DPoS-based consensus.
Product overview
WAX is a Layer 1 blockchain platform purpose-built for NFTs, blockchain gaming, and digital collectibles, operating on delegated proof of stake consensus with carbon-neutral certification. The ecosystem comprises the core WAX blockchain and WAXP native token, combined with user-facing products including Cloud Wallet for account management, WAXFusion for liquid staking, and the WAX Bridge for cross-chain interoperability with Solana, Polygon, Base, and TON. The platform supports an extensive marketplace network including AtomicHub, NFTHive, and NeftyBlocks, alongside gaming infrastructure hosting over 5,000 games like the flagship Brawlers title. DeFi services encompass Alcor Exchange, WAX DAO governance, and WAX Labs funding program. Developer tooling includes comprehensive APIs, WharfKit SDK, and WAX-CDT for smart contract development. The ecosystem has onboarded major brand partners including Funko, Disney, Star Wars, NASCAR, Mattel, Hasbro, and Sony for NFT collections.
Differentiator
Problem solved
Functional benefit
Brands
- WAX Cloud Wallet: Digital wallet for storing WAX tokens and interacting with the WAX blockchain
- WAX Labs
- WAXFusion
- Brawlers
- WAX DAO
- WAX Studios
- WAX Block Explorer
Products and services
- WAX Blockchain
- WAXP Token
- WAX Cloud Wallet
- WAXFusion
- WAX Labs
- WAX Bridge
- WAX DAO
- AtomicHub
- Alcor Exchange
- Brawlers
- WAX Developer Portal
- WAX Block Explorer
- Droppp
- WAX Launchpad (WAX.fun)
Quantifiable outcome
- Handles 23M+ transactions per day for 30K+ dApps and 15M users
- +4 more outcomes
Companies that use WAX
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles5 records
WAX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration13 records
Feature8 records
WAX partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered major and core.
- Amazon Web ServicesmajorWAX ecosystem integrated into Amazon Managed Blockchain (AMB) service in 2024. AWS customers can now access WAX blockchain infrastructure through AWS managed services.
- Amazon Prime GamingmajorCollaboration with Amazon Prime Gaming to offer in-game content for Tyrannos's flagship Web3 title 'Brawlers' via Prime Gaming. First major integration bringing Web3 gaming content to Amazon Prime members.
- Epic Games StoremajorBrawlers game launched on Epic Games Store in 2024, becoming available to 230M+ PC gamers worldwide. Major distribution milestone for WAX gaming ecosystem.
- FunkomajorPartnership with Funko and Droppp to bring Disney, Star Wars, and other major brand collectibles to WAX blockchain. Onboarding major entertainment brands to the WAX NFT ecosystem.
- SolanacoreWAX Bridge technology connects Solana blockchain enabling fee-free token transfers between WAX and Solana networks.
- PolygoncoreWAX Bridge technology connects Polygon blockchain enabling fee-free token transfers between WAX and Polygon networks.
- BasecoreWAX Bridge technology connects Base blockchain enabling fee-free token transfers between WAX and Base networks.
- TON (Telegram Open Network)coreWAX Bridge technology connects TON blockchain enabling fee-free token transfers between WAX and TON networks.
- EthereumcoreWAX Bridge technology connects Ethereum blockchain enabling fee-free token transfers. WAXP also available on Uniswap Ethereum pool.
- BNB ChaincoreWAX Bridge technology connects BNB Chain (Binance Smart Chain) enabling fee-free token transfers between WAX and BNB Chain networks.
Scale indicators16 records
Recent moves8 records
Expansion highlights5 records
WAX competitors and assessment
Company assessmentDirect peers
- Immutable: Immutable is a purpose-built L2/ZK-rollup ecosystem for Web3 gaming and NFTs, providing similar infrastructure, SDKs, and marketplace primitives to WAX and competing directly for game studios and NFT brands.
- Enjin: Enjin operates a blockchain-based NFT and gaming ecosystem with developer tools, wallets, and marketplaces—directly comparable to WAX's NFT and gaming focus and tooling stack.
- Flow (Dapper Labs): Flow is an L1 blockchain purpose-built for NFTs and games, home to NBA Top Shot and similar mainstream brand collectibles that compete with WAX's Disney, NASCAR, and Funko partnerships.
- Ronin Network (Sky Mavis): Ronin is a gaming-specific L1 (Axie Infinity origin) that competes with WAX for Web3 gaming studios, NFT-based play-to-earn economies, and user bases.
- Klaytn (Kakao): Klaytn is a global L1 prioritizing gaming, metaverse, and NFT applications—overlapping directly with WAX's core verticals of blockchain gaming and digital collectibles.
- Tezos: Tezos is an L1 with a strong, well-known NFT and gaming ecosystem (including sports and entertainment collectibles), directly comparable to WAX's NFT and gaming chain positioning.
Broad incumbents
- Polygon: Polygon is a major L1/L2 ecosystem that bridges directly with WAX and competes more broadly across DeFi, gaming, and NFTs with vastly larger ecosystem resources.
- Solana: Solana is a high-throughput L1 connected to WAX via the fee-free bridge and competes for high-frequency NFT, gaming, and consumer crypto applications.
- Ethereum: Ethereum is the foundational L1 for NFTs and smart contracts and serves as the benchmark for WAX's ecosystem, with WAXP also bridged to Uniswap on Ethereum.
Emerging players
- Theta Labs: Theta is a blockchain optimized for video, media, and entertainment NFTs—adjacent to WAX's NFT and digital collectibles focus and pursuing similar entertainment and brand partnerships.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
WAX social profiles
Digital presenceWAX compliance and trust
Trust signalCompliance2 records
WAX financial estimates
Financial estimateRevenue estimate
Valuation estimate
WAX leadership team
Management profileNumber of profiles
Profiles4 records
WAX subsidiaries and ownership
Company hierarchySubsidiaries5 records
WAX funding detail
Funding detailFunding overview
Funding rounds5 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
WAX M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about WAX
What does WAX do?
WAX is a Layer-1 blockchain protocol purpose-built for NFTs, blockchain gaming, and digital collectibles, providing the infrastructure for token and NFT creation, trading, and gaming applications. The platform supports non-custodial wallets (Cloud Wallet), a native token (WAXP), liquid staking (WAXFusion), cross-chain fee-free bridging, NFT marketplaces, a DEX, and developer tools (SDKs, smart contract toolkits). It is operated as a decentralized community-governed network with carbon-neutral, DPoS-based consensus.
Is WAX a public or private company?
WAX is a private company. It is classified as venture growth investor backed and is currently operating.
When was WAX founded?
WAX was founded in 2017. It employs 11 to 50 people.
Where is WAX based?
WAX is headquartered in Grand Cayman, Cayman Islands.
How does WAX make money?
Four revenue lines are on record. Network Transaction Fees are the primary driver. The others are marketplace Commission (Third-Party), token Inflation (Staking Rewards) and WAX Labs Funding Allocation.
Who are WAX's main competitors?
Direct peers on record are Immutable, Enjin, Flow (Dapper Labs), Ronin Network (Sky Mavis), Klaytn (Kakao) and Tezos. Broad incumbents are Polygon, Solana and Ethereum. Theta Labs is listed as an emerging player.
Does WAX have an API?
Yes. WAX provides multiple APIs for blockchain interaction including Chain API, AtomicAssets API, Hyperion History API, and Light API. The platform supports developer tools including WharfKit (SDK supporting JavaScript/TypeScript with session management, transactions, signing, and wallet support), Unity SDK for game development, and WAX-CDT (Contract Development Toolkit) for smart contract development. Developers can access endpoints for chain operations, NFT/asset queries, indexed history data, and wallet/session management. Developer documentation is at docs.wax.io.
What industry is WAX in?
WAX's product category is Layer-1 Blockchain Infrastructure. Its primary akta.pro industry code is FSAPAAAA, Layer 1 Base Protocols & Consensus (execution, consensus, security, clients), with a secondary code of FSAPAFAJ, NFT Commerce, Ticketing & Utility Enablement (token-gated access, memberships, passes, ticketing rails). Its SIC code is 6200.