WAX: The Carbon Neutral Blockchain

Key Insights

• The World Asset eXchange (WAX) is a purpose-built blockchain for trading digital assets.
• WAX specializes in NFT trading and GameFi applications, leading the industry in daily active users and transaction count.
• Through the use of a delegated Proof-of-Stake consensus mechanism, WAX is able to provide high throughput and security while maintaining a small carbon footprint.
• WAX is one of the first blockchain to be certifiably carbon neutral through the tokenization of physical consumer goods in its NFT marketplace.

One of the main arguments against the adoption of cryptocurrency is its negative impact on the environment. Not only are these claims usually baseless, but the space actually consumes less energy than most other industries. In fact, most networks have a smaller carbon footprint than a handful of American households.

Arguably the most active network in the space in terms of user base and daily transactions, the World Asset eXchange (WAX) is certifiably carbon neutral. They prioritize the minimization of their carbon emissions through efficient smart contract construction and a specialized consensus mechanism. WAX’s small carbon footprint is offset by facilitating millions of consumer goods sales on its NFT marketplace.