GRAND CAYMAN, Cayman Islands, Dec. 21, 2017 /PRNewswire/ -- Following its successful $80 million token generation event, WAX today announced that CryptoKitties, which has become an international phenomenon in the brief time of its existence, are now trading on OPSkins. This allows anyone to instantly buy and trade digital cats using US dollars, Euros, and dozens of other currencies, or WAX tokens. CryptoKitties is a decentralized application that has skyrocketed in popularity as of late but has been frustratingly slow on the Ethereum blockchain. OPSkins will allow a growing number of users to easily buy, sell, and trade digital cats on the #1 platform for online video games that doesn't rely on the Ethereum blockchain. CryptoKitties utilize Ethereum's new ERC-721 protocol, which provides for more personalization than the popular ERC-20 standard most commonly used in token crowdsales.
"Everyone is talking about CryptoKitties, and not just because they are cute," said William Quigley, CEO of WAX and CEO of OPSkins. "The concept of a virtual collectible item on the blockchain adds a fresh value proposition to the crypto world and we see OPSkins and WAX as a key player in developing what we call the 'Crypto Collectibles' space."
With the integration of CryptoKitties onto the OPSkins platform, WAX tokens gain additional utility and more players are incentivized to join the ecosystem. OPSkins boasts over two million transactions on its platform, with 200,000 new users added each month. WAX allows anyone to create a virtual goods marketplace, onboarding millions of gamers to the growing cryptocurrency space. Its platform is uniquely designed to serve the 400 million gamers who already collect, buy, and sell virtual items.
"WAX's $80 million sale is definitely an outlier in the ICO space, which averages $20 million to $30 million in funds raised," said Malcolm CasSelle, CIO at OPSkins and President of WAX. "As WAX continues to lead in decentralized virtual trading, adding ERC-721 CryptoKitties to the OPSkins platform moves us closer to our goal of bringing the mainstream market and millions of gamers to cryptocurrency through innovative and creative opportunities."
WAX is a functional utility token that supports a decentralized platform, enabling anyone to operate a fully functioning virtual marketplace with zero investment in security, infrastructure, or payment processing. Developed by the founders of OPSkins, the world's leading marketplace for online video game assets, WAX is designed to serve the 400+ million online players who already collect and trade video game assets. With the inclusion of WAX's simple exchange widget, gamers will have access to a worldwide market with blockchain trust and transaction verification. For more information, please visit https://wax.io