The WAX price enables anyone to operate a functioning virtual marketplace without investing at all in security, infrastructure, or payment processing. Its decentralized platform was developed by the founders of OPSkins, the leading marketplace for online video game features and assets. WAX was designed to help the more than 400 million online players collecting, selling, and buying in-game items. WAX price tokens are utility tokens designed to take advantage of this blockchain technology. This cryptocurrency allows virtual goods, for use in video games or elsewhere, to be tokenized and exchanged. Each transaction is underwritten by a smart contract that acts as a mechanism allowing trustless trading between sellers and buyers.