About WAX
WAX is a company based in Las Vegas (United States) founded in 2011.. WAX has raised $10 million across 2 funding rounds from investors including OKX. WAX offers products and services including Cloud Wallet, NFT Bridge, and Developer Portal. WAX operates in a competitive market with competitors including Consensys, Synthetix, Ethereum, Bluzelle and Holograph, among others.
- Headquarter Las Vegas, United States
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Sectors
TechnologyFinancial Services
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Series A
Jun 03, 2022
- Investors
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Employee Count
Employee Count
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Products & Services of WAX
WAX offers a comprehensive portfolio of products and services, including Cloud Wallet, NFT Bridge, and Developer Portal. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Secure platform for managing blockchain assets and transactions.
Tool for transferring NFTs across blockchains seamlessly.
Platform for building dApps on the WAX network.
Funding Insights of WAX
WAX has successfully raised a total of $10M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $10.0M
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First Round
First Round
(29 Nov 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series A - WAX | Valuation |
investors |
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| Nov, 2017 | Amount | Token Sale - WAX | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in WAX
WAX has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include OKX. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Cryptocurrency trading and wallet services are offered by OKX.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by WAX
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - WAX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wax Comparisons
Competitors of WAX
WAX operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Consensys, Synthetix, Ethereum, Bluzelle and Holograph, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of blockchain and web3 software platform
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Derivatives liquidity protocol
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| domain | founded_year | HQ Location |
A blockchain-based public network for decentralized applications is operated.
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| domain | founded_year | HQ Location |
Decentralized data storage solution
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| domain | founded_year | HQ Location |
NFT infrastructure is offered to creators, developers, and enterprises.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wax
Frequently Asked Questions about WAX
When was WAX founded?
WAX was founded in 2011 and raised its 1st funding round 6 years after it was founded.
Where is WAX located?
WAX is headquartered in Las Vegas, United States. It is registered at Las Vegas, Nevada, United States.
Who is the current CEO of WAX?
William Quigley is the current CEO of WAX.
Is WAX a funded company?
WAX is a funded company, having raised a total of $10M across 2 funding rounds to date. The company's 1st funding round was a Token Sale of $9.6M, raised on Nov 29, 2017.
What does WAX do?
WAX was founded in 2011 in Las Vegas, United States, as a blockchain-based platform in the virtual assets sector. Virtual goods are tokenized and exchanged for cryptocurrencies through its decentralized marketplace. Digital item trading for online gamers is facilitated via secure, user-hosted virtual marketplaces. Pegged asset contracts based on WAX are utilized to mitigate price volatility in transactions.
Who are the top competitors of WAX?
What products or services does WAX offer?
WAX offers Cloud Wallet, NFT Bridge, and Developer Portal.
Who are WAX's investors?
WAX has 1 investor. Key investors include OKX.