Leading NFT protocol, the wax block chainhas laid out its game plan to conquer Web3 by 2023. The protocol has managed to secure a share of the NFT market by combining Web3 games with digital collectibles and high-quality brand collaborations.
Now, Wax has laid out its ambitious plan that aims to further advance as a leading player in the space. The roadmap features improvements to core technology and user experience, plus additional partnerships.
📣 WAX Roadmap 2023 | cloud wallet
Get ready for the launch of a complete Cloud Wallet redesign with a vastly improved user experience and more features than ever before, including the WAX ETH Bridge for over 355M #NFT.
Full roadmap: https://t.co/xW4lyP8S2L | #WAXNFT $WAXP pic.twitter.com/5mZgReWIrH
— WAX Blockchain – WAXP (@WAX_io) January 29, 2023
The protocol plans to continue funding and working with the Antelope Coalition. The goal is to develop the Antelope stack and the core protocol of the WAX blockchain, its updates and tools. This implementation will take place throughout the year. However, for further improvements scheduled, starting in the first quarter, the platform plans to upgrade the WAX Blockchain to Antelope 3.2.
In Q2 and Q3, there are plans to rebalance WAX Blockchain tokenomics to improve its native token utility. Also, to drive horizontal scalability, it plans to implement Inter Blockchain Communication (IBC). This should allow resource-intensive dApps to run on their own sidechains, thus offloading resources and transaction throughput from the WAX Blockchain mainnet.
Launch of EVM on the Wax Blockchain
Within the same period, you can expect to see the launch of the Ethereum Virtual Machine (EVM) as it becomes part of the Antelope stack. This should allow developers coming from other blockchain ecosystems to work and launch their projects on Wax with minimal code changes. Additionally, users can expect to see updates that enable Antelope Instant Finality. This will reduce the finality of the protocol from 3 minutes to 2 seconds. As a result, the complexity associated with developing Web3 applications on the protocol is greatly reduced.
Also, expect to see improvements to Cloud Wallet. In the first quarter, the protocol will launch the NFT bridge to Ethereum and BNB Smart Chain. This applies to all whitelisted NFT collections on WAX and should help content creators easily reach audiences in other blockchain ecosystems.
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*All investment/financial opinions expressed by NFT Plazas come from the personal research and experience of our site moderators and are intended for educational purposes only. People are required to fully research any product before making any type of investment.
Basil is an avid fan of blockchain technology and all its innovations, and he is passionate about sharing this narrative with his audience. He has spent over five years in the crypto space, specializing in research and creating Web3 content for various media outlets around the world. His work has been published on major websites such as NFT Plazas, usethebitcoin.com, the European Blockchain Convention, and many others. When he’s not thinking about disruptive technologies, Basil is busy exploring the great outdoors.
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