WAX, the company behind one of the world’s biggest NFT marketplaces, has announced it will be launching a new NFT collection in partnership with Binance.
The collection, which goes by the name “Blockchain Brawlers”, will be auctioned on the Binance NFT Marketplace on November 30 of 2021 as part of WAX’s GameFi project. The project aims to provide NFT enthusiasts with the possibility to move their digital assets seamlessly between WAX’s blockchain and other networks like Binance Smart Chain via a novel NFT bridge. William Quigley, co-founder of WAX, referred to this approach by stating:
“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.”
Binance Smart Chain (BSC) is only the first blockchain network to be connected with WAX, with other additions expected as a means to fulfill WAX’s vision of the NFT ecosystem. Creators and developers will be able to reach a more ample market while NFT holders will gain greater agency over their assets, opening the doors to new use cases and applications.
Blockchain Brawlers will see multiple batches being released, with the first one being the “Founder’s Edition” and having 100 exclusive NFTs. These Brawler NFTs will belong to one of four editions: Standard, Hardcore, Cage Match, and Death Match, which will determine their role in the play-to-earn game being developed by WAX.
The NFT industry has now generated more than $11 billion in sales, which has prompted investors, creators, and organizations to join the craze to capitalize on the popularity of the technology The impact of NFTs in the world of art has been so overwhelming that mainstream media has now transformed digital assets in a part of op culture, which experts believe could result in the mass adoption of blockchain technology and cryptocurrencies across industries.