WAX Blockchain Unveils Web3 Masterplan

is the leading NFT protocol wax blockchainannounced its strategy to conquer Web3 in 2023. The protocol has successfully secured a slice of the NFT market by combining Web3 games with digital collectibles and quality brand collaboration.

Wax now has ambitious plans to move further forward as a major player in this space. The roadmap features additional partnerships in addition to core technology and user experience improvements.

The Protocol will continue to fund and cooperate with the Antelope Coalition. The goal is to develop the Antelope stack and core WAX ‚Äč‚Äčblockchain protocol, its upgrades and tools. This practice takes place throughout the year. However, due to more planned improvements, starting in Q1, the platform will upgrade his WAX Blockchain to Antelope 3.2.

In Q2 and Q3, we have plans to recalibrate the tokennomics of the WAX ‚Äč‚Äčblockchain to improve the utility of the native token. Additionally, we plan to implement Inter Blockchain Communication (IBC) for greater horizontal scalability. This allows resource-intensive dApps to run on their own sidechains, offloading resources and transaction throughput from his WAX Blockchain mainnet.

Launch EVM on Wax Blockchain

Within the same period, we can expect the launch of the Ethereum Virtual Machine (EVM), which will be part of the Antelope stack. This will allow developers coming from other blockchain ecosystems to work and launch projects on his Wax with minimal code changes. Additionally, users can expect an upgrade that enables Antelope Instant Finality. This reduces the finality of the protocol from her 3 minutes to her 2 seconds. As a result, the complexity involved in developing his Web3 apps on the protocol is greatly reduced.

Additionally, you can expect improvements to Cloud Wallet. In Q1, the protocol will launch NFT bridges to Ethereum and BNB smart chains. This should apply to all whitelisted NFT collections on WAX, allowing content creators to easily reach audiences in other blockchain ecosystems.

want more? Connect with NFT Plaza

Join our weekly newsletter
Join Discord
follow me on twitter
Like us on Facebook
Follow us on Instagram

*All investment/financial opinions expressed by NFT PLAZA are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.

Leave a Reply

Your email address will not be published. Required fields are marked *