CryptoNewsBreaks – WAX, ‘King of NFTs,’ Launches New DeFi-Inspired Tokenomic Model

October 2, 2020 11:43:52

Worldwide Asset eXchange(TM) (“WAX”), dubbed the “King of NFTs,” on Thursday announced a new tokenomic model that allows its token holders to directly benefit from WAX’s success in the NFT market. Demonstrating strong performance, every one of the WAX Blockchain’s primary NFT sales has completely sold out in a matter of mere minutes to hours. Equally impressive is the secondary trading volume for WAX NFTs, averaging more than five times the primary sales volume on an annualized basis. According to the update, the core element of the new WAX tokenomic model its inter-blockchain design. The model combines WAX’s purpose-built design and operational advantages for creating and trading NFTs with Ethereum’s superior DeFi financialization capabilities. The WAX Blockchain will continue performing core NFT operational functions (i.e., item creating and trading), while the capital generated from WAX NFT commercial activities will be transferred into the vast and growing network of financial services available on Ethereum.

To view the full press release, visit

About WAX

WAX is the King of NFTs. The WAX Blockchain is the safest and most convenient way to create, buy, sell and trade NFTs – to anyone, anywhere in the world. WAX has created a full suite of blockchain-based tools that allows anyone to trade NFTs instantly and securely, to anyone, anywhere. These include an easy-to-use WAX Cloud Wallet where accounts can be created in just two clicks using social log-ins, a robust developer portal and more. Participants of the Worldwide Asset eXchange gain access to a global community of collectors and traders, buyers and sellers, creators and gamers, merchants, dApp creators and game developers. For more information, please visit

About CryptoCurrencyWire (“CCW”)

CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.

To receive instant SMS alerts, text CRYPTO to 77948 (U.S. Mobile Phones Only)

CryptoCurrency News Wire is where News, content and information converge via Crypto.

For more information, please visit

Please see full terms of use and disclaimers on the CryptoCurrencyWire (CCW) website applicable to all content provided by CCW, wherever published or re-published:

CryptoCurrencyWire (CCW)
New York, New York
212.994.9818 Office

CryptoCurrencyWire is part of the InvestorBrandNetwork