WAX blockchain raises $10 million in push for GameFi and NFT market
The Worldwide Asset eXchange (WAX), a blockchain for 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 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.