Worldwide Asset eXchange, also known as WAX, is a purpose-built blockchain designed for faster and simpler e-commerce transactions while ensuring the security of every party involved.
Smart contracts underlying the transactions act as the mechanism that permits trustless trading between buyers and sellers. The WAX blockchain is capable of a 500 millisecond block time and zero-fee events for clients.
WAX has also created a suite of blockchain-based tools upon which decentralized application (DApp) marketplaces and non-fungible tokens can be built. How has WAX fared in recent times?