Friends of the WAX community, this year has been truly amazing! As we approach the end of 2024, the bullish sentiment in the cryptocurrency market grows stronger, making this the best time to set sail. Reflecting on the past year, the WAX blockchain has achieved remarkable milestones, not only reaching numerous milestone moments but also continually advancing on the path of innovation, creating new opportunities for players, collectors, and developers. We have broken boundaries, deepened collaborations, and launched groundbreaking updates, laying a solid foundation for a more brilliant future.
Now, let's revisit the highlights of 2024 and look forward to the future of WAX.
Upgraded NFT and Token Cross-Chain Bridge Functionality
In 2024, WAX underwent a comprehensive upgrade of its NFT and Token cross-chain bridge, revolutionizing the cross-chain experience. Now, users can easily transfer assets across blockchains like Ethereum, Binance Smart Chain, and Polygon without incurring additional costs. Digital currencies such as BRWL, WAX (ERC20), DAI, and USDC can be seamlessly managed through a user-friendly Cloud Wallet interface. This initiative underscores WAX's commitment to making blockchain interoperability more convenient and efficient.
Funko Achieves New Heights
In 2024, Funko/Droppp will make a new leap, continually bringing globally recognized brands into the blockchain space. Collectors are eagerly purchasing digital collectibles from (Star Wars), (Stranger Things), (Little Soldier), (Rick and Morty), (Batman), and Disney classics. Even more exciting, completing specific sets of digital collectibles can unlock digital currency redeemable for exclusive physical goods. Through the Funko Drop launched by Droppp, WAX has successfully built a bridge between digital fans and tangible ownership, attracting the attention of many pop culture enthusiasts and blockchain users.
WUFFI Leads the Memecoin Trend
In 2024, WUFFI ignited a memecoin craze on the WAX blockchain, launching $WUF and driving the flourishing development of the entire ecosystem. The WUFFI team quickly rose to fame, gaining certification on GIPHY, making it easy to share emojis and GIFs across platforms like Twitter, Discord, and WhatsApp. But WUFFI brings more than just emojis; it also offers practicality and fun through WuffiArcade. WAX joined the WUFFI ecosystem and established practical tools in the (Brawlers) game in the second quarter.
In WuffiArcade, players can complete quests and compete in mini-games like WuffiTap, Risky Tiles, and Wuffi Harvest to earn PAW and climb the leaderboards. TapBots, upgrades, and staking $WUF increase the strategy and engagement of the games. The WUFFI team has also introduced a simple emoji creation tool on Discord, allowing community members to instantly create and share their works.
The WUFFI ecosystem is rapidly developing, having allocated millions of dollars to WAX-based projects. They are not stopping there and have firmly positioned themselves as the cornerstone of the WAX memecoin and gaming scene.
Established Strategic Partnership with Amazon AWS
In 2024, WAX partnered with Amazon AWS to launch the WAX AWS Cloud Development Kit (CDK). This groundbreaking toolkit provides robust support for developers, enabling them to build custom Layer 2 solutions on WAX using AWS infrastructure. It revolutionizes the game for blockchain gaming and Web3 applications by offering scalability, real-time asset management, and data retrieval capabilities. Whether for trading API nodes or Ship nodes for in-depth data queries, developers can now create innovative data-driven blockchain projects more easily.
Tyranno Studio: The New Star of Gaming on WAX
2024 is the year of explosive gaming growth on WAX, with Tyranno Studio playing a significant role. They launched (Music Mogul), the first AI-driven fantasy music management game on the WAX blockchain. Players can step into the music industry, manage talent, and strive to become top moguls.
Subsequently, (Brawlers) made its debut in a closed beta on iOS, marking Tyranno's first foray into the Apple platform. Later this year, they launched the closed beta of (Spin Tycoon), a multi-chain game running on WAX and Solana. It supports wallets like Cloud Wallet, Solflare, and Phantom, and has introduced an Android version, making it Tyranno's first game launched on the Android platform.
2024 showcases how Tyranno Studio is dedicated to bringing exciting, easy-to-use, and innovative gaming experiences to WAX and other platforms.
In addition to (Spin Tycoon), the highly popular (Twitchy Tides) was launched this year, a streaming game widely favored on Twitch. Viewers become digital fish, facing challenges from sea thunder, jellyfish, and even great white sharks. The entire community, including WUFFI, participated in (Twitchy Tides), competing as different fish species, delivering unforgettable and engaging experiences for everyone.
Meanwhile, Pantheon's 'Greek God Pack' has brought high-risk card games to the blockchain. Pantheon combines familiar card games with NFT games, allowing players from the mortal realm to fight for their survival! The MetaBattler launched this summer also promises to allow any NFT minted on WAX to be used as playing cards in its game, giving new utility to old collectibles.
Cloud Wallet Bridge Expansion
This year, WAX enhanced the bridging capabilities of its Cloud Wallet, supporting multiple major blockchains, including Solana, Polygon, Base, and TON, further solidifying its position as a leader in cross-chain connectivity. Looking ahead to 2025, WAX plans to continue expanding the support scope of the Cloud Wallet bridge, creating a more convenient and accessible blockchain experience for users on supported chains.
Future Outlook
Building on the success of 2024, the WAX blockchain has laid out ambitious plans for 2025. Here are the future prospects:
Sidechains: To effectively expand the ecosystem, WAX is introducing sidechains. These sidechains will be launched on the testnet through Cloud Wallet, supporting more applications without compromising the stability of the main chain.
Mobile Version of Cloud Wallet: WAX will launch a mobile version of the Cloud Wallet (supporting Android and iOS), allowing users to easily manage their assets on the go.
Ethereum Virtual Machine Compatibility: WAX is testing Ethereum Virtual Machine (EVM) compatibility to open interactions with decentralized applications (DApps) based on Ethereum.
Expanded Cross-Chain Bridge: The NFT cross-chain bridge in Cloud Wallet will support all supported chains, further enhancing the interoperability of the entire WAX ecosystem.
AI Integration: As artificial intelligence becomes a trend in the development of Web3, WAX encourages developers to integrate AI into their projects to stay ahead.
Memecoin: With the continuous development of memecoins, WAX actively supports projects like wax.fun, a fair release platform for meme tokens on the blockchain. At the same time, WAX will continue to support $WUF to expand its influence and utility.
2024 Annual Data
WAX has over 200,000 active wallets daily, processing millions of transactions each day, making it one of the most active blockchains in the gaming sector. Its 100% carbon-neutral operation highlights its commitment to sustainability, making WAX a scalable and accessible platform for games, collectibles, and Web3 applications.
Looking Ahead
2024 is a transformative year for WAX, filled with innovation, collaboration, and strong community support. As we approach 2025, we will embrace limitless possibilities. Whether you are a gamer, collector, or developer, WAX will provide you with a seamless, sustainable, and exciting blockchain experience.
Thank you for being part of this extraordinary journey. Here's to achieving even greater heights in the coming year!
Join the WAX Community:
Official Website: https://www.wax.io
X/Twitter: https://x.com/WAX_io
Discord: https://go.wax.io/Discord
Friendly Reminder: This article is for informational purposes only and does not constitute any investment advice!