William Quigley, co-founder of WAX (Worldwide Asset eXchange), has a vision. One in which a NFT bridge, built by the company, will allow blockchain and NFT marketplaces thrive despite their various chain types.

The company recently announced that Quigley's Vision took a huge leap forward when it launched its GameFi project, "Blockchain Brawlers". This allows users to transfer NFTs from the game between Binance Smart chain and WAX blockchain using the NFT bridge created by WAX.

William Quigley, cofounder of WAX, stated that "The NFT bridge built in WAX can build the future we envision," and added that blockchain and NFT marketplaces will be accessible to all regardless of their chain types.

The "Blockchain Brawlers", NFT Collection launches later this month

Binance NFT Marketplace will auction the NFT collection of "Blockchain Brawlers" for the first-ever time on November 30, 2021. GameFi will reach new heights by being able to transfer NFTs from game to other blockchains via bridges.

The global mass adoption rate for gaming NFTs will rise due to the availability of free transfers. Binance Smart Chain (BSC), the first blockchain to connect with WAX, and 'Blockchain brawlers' will become the first gaming dApp to enable cross-chain NFT ecosystems.

The Founder's Edition is the first batch of 'Blockchain Brawlers' NFTs. It contains 100 NFTs in four editions: Standard (Hardcore), Cage Match, Death Match, and Cage Match. Each Brawler NFT will play a vital role in the future 'Blockchain Brawlers’ play-to-earn competition where they will compete for fame and fortune.

The first phase of the NFT bridge between WAX and BSC will allow users to access their WAX Cloud Wallet accounts to view NFTs they have on BSC. This NFT bridge allows for the transfer of NFTs from BSC to the WAX blockchain. It also includes Blockchain Brawlers that were purchased on Binance NFT Marketplace. These NFT assets will be added to the WAX blockchain's NFT inventories.

This bridge will allow users to access a larger number of NFTs via both Binance NFT and WAX in the second phase. The NFT bridge will allow users to trade and buy NFTs on either WAX- or BSC-based NFT markets, regardless of the origin chain. The NFT bridge will be available in the second quarter 2022.

Additional NFTs from Binance will be available for auction on WAX after the Binance NFT auctions.

WAX, the largest gaming blockchain, processes three quarters of all gaming-related transactions. Binance NFT launched IGO (Initial Game Offer) recently to provide early access to the GameFi universe. Binance NFT launched IGO to help build the future gaming metaverse. It offers the largest GameFi NFT trading marketplace.

The current and future collaboration projects between the companies include games and additional PFP programs, as well as an NFT marketplace compatible both with Binance NFTs and WAX NFTs.

The Worldwide Asset eXchange



According to Dappradar.com, WAX, also known as the "King" of NFTs, is the No.1 global blockchain by the number of transactions and users. WAX's mission it to make NFTs available to the masses in the most secure, convenient, sustainable, and environmentally-friendly marketplace in the world.

WAX is the world's leading entertainment NFT network. In 2018, WAX introduced virtual IDRLs which allow consumer product companies to connect NFTs directly to their physical products. WAX facilitates the trade of over 100 million digital collectables, including Major League Baseball (via Topps MLB Collectables), Capcom’s "Street Fighter" and internationally renowned entertainers Deadmau5 & Weezer.

Binance NFT is the official NFT marketplace for Binance. It offers an open market to artists, creators and crypto enthusiasts as well as NFT collectors and creative lovers around the globe with the highest liquidity and lowest fees.

Binance offers three product lines, Premium Events and Mystery Box. Through IGO (Initial Game Offer), the company aims to create the largest GameFi NFT trading platform available for gaming projects. It will feature core assets from top gaming projects.

To permanently decrease the supply of BNB and increase its value, Binance schedules quarterly BNB burnings. Based on Binance's quarterly trading volume, the amount of BNB that is burned is calculated. The quarterly coin burning continues until 100,000,000 BNB is consumed, or 50 percent of total BNB supply.

Binance Smart Chain can also be used as an individual blockchain. However, it is not meant to replace Binance Chain, even though it is newer. Binance Smart Chain was actually created to work alongside the original Binance Chain.

For more information, please visit the official WAX Discord and WAX Twitter. BCbrawlers.com has details about the game and NFTs.

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By: James Spillane
Title: WAX Builds the Largest Cross-Blockchain Ecosystem for NFTs, Gaming, and GameFi With Binance
Sourced From: insidebitcoins.com/news/wax-blockchain-brawlers-nfts-binance
Published Date: Thu, 25 Nov 2021 14:36:34 +0000