The funding will support WAX-based gaming, NFT, and web3 wallet capabilities, driving greater utility of the WAX blockchain and WAXP token
VICTORIA, Seychelles, June 2, 2022 /PRNewswire/ -- OKX Blockdream Ventures, the investment arm of world-leading cryptocurrency exchange OKX, today announced it's investing tens of millions of dollars in WAX Studios. WAX is a carbon neutral blockchain network that supports over 23 million daily transactions across NFT trading, play-to-earn (P2E) gaming, and more. The funding will go towards greater functionality of NFTs in P2E games built on WAX, the development of an exchange for P2E gaming tokens, and upgrades to the WAX Cloud Wallet. With this investment, OKX Blockdream Ventures aims to advance blockchain-based gaming infrastructure to help integrate web3 technology into consumers' daily lives.
William Quigley, CEO of WAX Studios, said, "This initiative with OKX Blockdream Ventures will further our mission to sustainably scale the WAX ecosystem...
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