Blockchain is still a niche market. One of the biggest problems for blockchain adoption is how regular people will interact with blockchains. WAX has been an innovator in connecting gamers who want to trade unique digital items, and now their WAX Block Explorer takes market openness to a whole new level.
WAX or Worldwide Asset eXchange, was created by the same team that developed OPSkins. The idea is simple; let gamers who have valuable digital assets trade them in a safe, transparent marketplace. With more than 400 million gamers around the world, there is a massive potential market for platforms that facilitate trade of collectibles & other items within the gaming community.
The next step for WAX is the introduction of a slick interface, called the WAX Explorer, that includes a a visual representation and 3d viewing of all items with descriptions and also details for all transactions taking place on the WAX Blockchain.
The WAX Explorer Makes Blockchain Easy
There are some pretty slick interfaces for crypto wallets and exchanges. If you want to look at what is actually happening on a blockchain, there aren’t many great interfaces for you to use. A lot of technical knowledge is needed, and they all approach tokens as a commodity.
Unique tokens or Non-Fungible Tokens (NFTs) like the ETH-721, which is why CryptoKitties can exist, aren’t like a bitcoin or regular token. NFTs have distinct properties that are hard to view when using a standard blockchain explorer, but the WAX Explorer is changing that.
Items that are traded on WAX are highly visual and unique, and that the visual component of them is often one of the main reasons they are coveted and cause extremely varying degrees of value. This makes it important for items trading on the wax blockchain to have a visual representation rather than just a string of numbers and letters common on other block explorers
“Designing the WAX Explorer in the same way that block explorers were designed for commodity-style token trading would be like Amazon having just SKU numbers and weight information for its products instead of photos and videos showing shoppers what the product looks like.”
Great Tools to Grow Blockchain Use
In addition to giving gamers a way to easily see any relevant data about the condition of certain NFT items, the WAX Explorer generates a 360-degree image of WAX Stickers and VGO Items.
WAX isn’t shy about expressing its desire to see blockchain catch on. The company said that,
“If the blockchain community’s goals is mass adoption of blockchain technology among general consumers, then block explorers – and blockchain-based products overall – shouldn’t be designed so that only blockchain-savvy people can easily use and understand,”
in a blog post that describes all the features of the new WAX Explorer.
There is little doubt that new technologies like blockchain will create both an ‘intimidation factor’ in the general population, which can make adoption a slow process. Game development studios are also opposed to using any kind of money, or monetary instruments, within their games.
The Shift Away From Established Models
One of the reasons why gaming companies might not like items that can be shared across platforms is that it undermines their control over a gaming environment. This looks a lot like the same struggle that cryptos have with established financial authorities and governments. Creating regulations is a necessary part of any society, but most Western cultures are founded on ideals like individual freedom and the right to political representation.
These ideals haven’t been able to take root in the world of video games, probably because of the economic model that drives game development. In order for a game designer to make money, they have to monetize the game’s development directly, either by selling the game, or subscription to play it.
A common platform on which a meta-game structure exists was outlined in the recent movie “Ready Player One”, and this model could be the next phase of global interactive game development. WAX Explorer makes it a lot easier to inspect supported NFTs, and could be an integral part of game development going forward.
The post WAX Block Explorer Blazes Trail for Widespread Blockchain Use appeared first on Blockonomi.
February 15, 2019 at 01:44AM https://blockonomi.com from Blockonomi http://bit.ly/2IsplSX
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