Global Asset Exchange (WAX) has removed the fees required to create a blockchain account through its cloud wallet.
Previously, new users had to pay $5 for WAXP to set up an account that was originally introduced to prevent automated bot activity. The removal of this fee is designed to make it easier for new users to join wax chains and to enter wax chains by reducing financial barriers and encourage wider adoption.
Wax says its blockchain is “more powerful than ever”, thus making account creation easy and free.
Source: WaxWhat is wax?
WAX is a blockchain network designed for large-capacity transactions with a special focus on gaming, digital assets and NFTs.
Unlike some other blockchains, wax does not charge transaction fees, allowing users to interact with DAPPs and trading assets without the cost per transaction.
The blockchain is designed to support large-scale activities, processing up to 10,000 transactions per second. Due to its efficiency and ease of use, it has been adopted by various NFT projects, game developers and digital markets. WAX also provides a cloud wallet that allows users to manage their assets without the need for a lot of blockchain technology technical knowledge.
Source: WaxWhat’s next for wax?
Unloading the wallet creation fee is one of several changes to the WAX plan for 2025. Initially, the fee was introduced to prevent excessive robotic activity and automated account creation, but Wax said its security measures have since evolved to allow payment shops to be cancelled.
In addition to this change, Wax will also undergo multiple upgrades this year to enhance its blockchain infrastructure, developer tools and market. Cloud Wallet will receive mobile applications for iOS and Android, extending support for sidechain, testnet environments and EVM compatibility.
At the blockchain level, wax is improving security and decentralization, including anti-quantum, dispersing its random number generator (RNG) system and making its multi-bond bridge open source. Performance optimizations (such as increased RAM efficiency) will help scale the network while maintaining smooth operation.
For developers, wax is simplifying node deployment and extending documentation to support DAPP integration. Meanwhile, the VIRL market will undergo improvements to enhance trading experience.
