WAX Completes Token Sale to Decentralize Online Gaming Skins Market

OPSkins-Backed Project Onboards Gamers to Cryptocurrency, Attracting Over $80 million from thousands of Participants

GRAND CAYMAN, Cayman Islands, Nov. 30, 2017 (GLOBE NEWSWIRE) -- WAX (Worldwide Asset eXchange) today announced it has successfully completed its token sale, attracting over $80 million from thousands of participants, many of whom were first-time cryptocurrency users. Created by the world’s #1 virtual goods marketplace OPSkins, WAX aims to decentralize the multi-billion dollar digital items trading market, allowing online gamers worldwide to host secure virtual marketplaces. WAX is designed to serve the 400 million gamers who already collect, buy, and sell in-game items with a simple exchange that leverages blockchain technology for transaction verification and recording.

“We are pleased with the outstanding response from our partners and participants in the WAX token sale,” said William Quigley, CEO of WAX and OPSkins. “From the onset, our goal was to introduce millions of gamers to cryptocurrency, and the success of our token sale is a major indicator that this goal is well within reach.”

“The support not only affirms our fundamental belief that WAX is the onramp for mass-market cryptocurrency adoption; but it speaks to the enthusiasm and eagerness of gamers to share in the benefits of blockchain technology,” said Malcolm CasSelle, President of WAX and CIO of OPSkins.

WAX initially received 70,000 ETH in its pre-sale with the assistance of strategic partners including Pantera Capital, Alphabit Fund, HyperChain Capital, and Crypto Asset Management. Over 36,000 people around the world registered for the token sale which concluded November 29, 2017.

The virtual item trading industry is currently fragmented across hundreds of competing marketplaces, each utilizing different business practices tailored to their country and region. WAX’s solution is a global virtual item repository that provides a complete, real-time catalog of all items available. By leveraging blockchain technology, WAX unites gamers and marketplaces enabling security, fraud mitigation, and expedited settlement. WAX Tokens allow gamers to quickly and easily harness the power of fully developed, highly complex virtual goods exchanges.

Advisors to WAX include ‘Call of Duty’ creator and developer Dave Anthony, Interplay Entertainment and inXile Entertainment Founder Brian Fargo, Kenneth D. Cron, former CEO of Vivendi Universal Games, which included Blizzard Entertainment (“World of Warcraft”) and Ethereum Co-Founder Anthony Di Iorio.

WAX is a decentralized platform that enables anyone to operate a fully functioning virtual marketplace with zero investment in security, infrastructure, or payment processing. Developed by the founders of OPSkins, the world’s leading marketplace for online video game assets, WAX is designed to serve the 400+ million online players who already collect, buy, and sell. With the inclusion of WAX’s simple exchange widget, gamers will have access to a worldwide market with blockchain trust and transaction verification. For more information, please visit https://www.waxtoken.com/.

MEDIA CONTACT: Transform Group, wax@transform.pr