The WAX Developer Portal is Now Live: Start Building on WAX Today

Coming Soon: Trade Decentraland items with WAX Tokens

Mar 27, 2018

We are excited to announce that items for virtual reality platform Decentraland will soon be tradable with WAX Tokens on OPSkins!

This addition is different from other ERC-721 tokens that we’ve added in recent months because Decentraland is a decentralized virtual reality platform which allows users to create, experience and monetize their content, games, and applications. Decentraland’s mission is to create a virtual world that is owned by its inhabitants.

Decentraland is made up of thousands of 10 square meter parcels of virtual space. These parcels are represented by LAND, a non-fungible token, and are identified using cartesian coordinates. LAND owners can build and publish 3D content and applications, such as Ethereum games, on their LAND. Each parcel of LAND is unique since its geographic location and distance from the center of the virtual world play a large role in determining how much foot traffic (and visual traffic) it gets.

The LAND is tracked on the Ethereum network using non-fungible ERC721 tokens, which can be bought and traded on OPSkins.com with WAX, bitcoin, Ethereum, and fiat currency.

“Blockchain-based non-fungible virtual items add an exciting and lucrative new concept to the cryptosphere,” said Malcolm CasSelle, CIO of OPSkins and President of WAX. “Decentraland is helping further establish the Crypto Collectible marketplace, which OPSkins and WAX are excited to be key players in developing. The integration of Decentraland onto the OPSkins platform creates additional utility for WAX Tokens and incentivizes more players to join the ecosystem.”

Decentraland’s non-fungible ERC721 tokens will be the latest to be added to OPSkins and tradable with WAX Tokens — the first was CryptoKitties in December 2017, and there are more to come. OPSkins is becoming the go-to marketplace to trade Crypto Collectibles. OPSkins boasts over two million weekly transactions on its platform, has millions of active customers and adds 200,000 new users each month. WAX allows anyone to create a virtual goods marketplace, onboarding millions of gamers to the growing cryptocurrency space.

---

Let us know what you think by joining the community:

Twitter

Telegram

Reddit

Facebook Twitter Email Linked In

Related Articles

Blog Image

One of the largest dApps in the world is coming to WAX. Welcome, Prospectors.

One of the largest dApps in the world is coming to WAX. And within the next few weeks, Prospectors will be running on the WAX Blockchain so that WAX Token holders and millions of OPSkins customers can play the game.

Read More
Blog Image

The SimpleAssets NFT contract is now deployed on the WAX Blockchain

Now, dApps that incorporate NFTs can begin using the SimpleAssets contract to manage their assets and non-blockchain based applications that support direct WAX Blockchain interaction can use the SimpleAssets NFT creation and management capabilities.

Read More
Blog Image

Introducing the WAX Guild Candidate Showcase

In the best interests of the WAX community and WAX Guild Candidates, we have decided to launch the WAX Guild Candidate Showcase. The WAX Guild Candidate Showcase initiative offers WAX Guild candidates the opportunity to showcase their value to voters

Read More

Thank you for subscribing to WAX updates!

Sign up to receive email updates from Team WAX

I want the latest in: