WAX Blockchain Reveals Game-Plan for Web3
The plan aims to advance the platform’s position as a leading player in the space.
WAX Blockchain Roadmap 2023
Wax Blockchain, a leading NFT protocol, has just revealed its master plan for conquering Web3 in 2023. Wax blockchain has managed to secure a portion of the NFT market by combining Web3 gaming with digital collectibles and high-quality brand collaborations.
Furthermore, the brand has outlined its roadmap to advance as a leading player. The game plan features significant improvements to the core technology and user experience. In addition, the roadmap includes additional partnerships with the brand.
Wax blockchain also plans to continue funding and work with the Antelope Coalition. This partnership aims to develop the Antelope stack, the core WAX blockchain protocol, its upgrades, and tooling. The implementation of this goal will take place throughout the year. In addition, the platform plans to upgrade the WAX blockchain to Antelope 3.2 starting in Q1. This is to ensure a more scheduled improvement.
Subsequently, the protocol plans to rebalance its tokenomics to improve its native Token Utility. This is scheduled to take place in Q2 and Q3. To boost horizontal scalability, there are plans to implement Inter Blockchain Communication (IBC). The goal is to enable resource-intensive dApps to operate on their side chains, thereby offloading resources and transaction throughput from the WAX Blockchain main net.
Launch of the Ethereum Virtual Machine
During this period, the protocol will launch the Ethereum Virtual Machine (EVM) as it becomes a part of the Antelope stack. This would enable devs from diverse blockchain ecosystems to work on and launch their projects on Wax with minimal code changes. In addition, Wax blockchain has informed the audience to expect improvements in the Cloud Wallet.
Furthermore, the protocol will launch the NFT bridge to Ethereum and the BNB Smart Chain in the first quarter. This, however, applies to all whitelisted NFT collections on WAX.