MIAMI--(BUSINESS WIRE)--Worldwide Asset eXchange (WAX) is thrilled to announce the launch of a GameFi project, ‘Blockchain Brawlers’, that allows users to transfer NFTs used in the game interchangeably between Binance Smart Chain and WAX blockchain through the NFT bridge developed by WAX.
The NFT collection of ‘Blockchain Brawlers’ will be auctioned on Binance NFT Marketplace for the first time on November 30, 2021.
Being able to transfer NFTs used in game to other blockchains through bridges will bring the GameFi industry to the next level. With the free transfers of NFTs, the global mass adoption rate of gaming NFTs will increase.
“The NFT bridge built by WAX can build a future we envision, in which blockchain and NFT marketplaces are accessible to everyone regardless of the chain types,” said William Quigley, co-founder of WAX.
Binance Smart Chain (BSC) is the first blockchain to be connected with WAX and ‘Blockchain Brawlers’ will be the first gaming dApp that enables cross-chain ecosystem for NFTs.
The first batch of ‘Blockchain Brawlers’ NFTs, called ‘Founder’s Edition’, consist of 100 NFTs that come in 4 different editions: Standard, Hardcore, Cage Match and Death Match. Each of these Brawler NFT will play an integral role in the upcoming ‘Blockchain Brawlers’ play-to-earn game where they will fight for fortune and fame.
In the first phase of the upcoming NFT bridge by WAX and BSC, users will be able to use their WAX Cloud Wallet account to view NFTs that they own on BSC. This NFT bridge will facilitate the transfer of selected BSC NFTs to the WAX blockchain, including Blockchain Brawlers purchased on the Binance NFT Marketplace. The NFT assets will then appear in users’ NFT inventories on the WAX blockchain. In the second phase, this bridge will provide access to a much larger universe of NFTs on both WAX and Binance NFT. Users will then be able to buy and sell NFTs on both WAX and BSC-based NFT marketplaces regardless of which chain the NFT is originated on. The NFT bridge is projected to go live in the second quarter of 2022.
WAX is the biggest gaming blockchain processing three-quarters of all gaming related transactions while Binance NFT recently launched their new gaming initiative, IGO (Initial Game Offering) to give users early access to the GameFi world. With the launch of IGO, Binance NFT endeavours to build the future of gaming metaverse by offering the largest GameFi NFT trading platform.
Games and additional PFP programs as well as an NFT marketplace compatible with both Binance NFT and WAX NFTs are among the current and future collaborative projects expected to take place between the two companies. More information about the partnership can be found on the official WAX Discord, WAX Twitter, and WAX website.
The Worldwide Asset eXchange™ (WAX), aka the King of NFTs, is the world’s #1 blockchain, as measured by number of users and transactions, according to Dappradar.com. WAX’s mission is to bring NFTs to the mass market in the safest, most secure, environmentally friendly, and easy-to-use marketplace in the world. WAX is also the leading entertainment NFT network — in 2018, WAX introduced vIRLs®, giving consumer product companies the ability to directly link NFTs to physical consumer products. Co-founded in 2017 by William E. Quigley and Jonathan Yantis, WAX has facilitated the trade of more than 100 million digital collectables including Major League Baseball (via Topps MLB collectables), Capcom’s “Street Fighter,” and world-renowned entertainers Deadmau5 and Weezer. For more information, please visit https://wax.io and follow along on Twitter and Discord.
About Binance NFT Marketplace
Binance NFT, the official NFT marketplace of Binance, offers an open market for artists, creators, crypto enthusiasts, NFT collectors and creative fans around the world with the best liquidity and minimal fees.
Consisting of three product lines: Premium Events, Mystery Box and a Marketplace. Now, Binance aims to build the first and largest GameFi NFT trading platform for gaming projects via IGO (Initial Game Offering) - featuring core in-game assets from top gaming projects.
For more information, visit https://nft.binance.com/