Worldwide Asset eXchange (WAX) has announced the launch of a GameFi project, ‘Blockchain Brawlers’, that allows users to transfer NFTs used in the game interchangeably between Binance Smart Chain and WAX blockchain through the NFT bridge developed by WAX. Being able to transfer NFTs used in game to other blockchains through bridges has the potential to bring the GameFi industry to the next level.
The first batch of ‘Blockchain Brawlers’ NFTs, called ‘Founder’s Edition’, consist of 100 NFTs that come in 4 different editions: Standard, Hardcore, Cage Match and Death Match. Each of these Brawler NFT will play an integral role in the upcoming ‘Blockchain Brawlers’ play-to-earn game where they will fight for fortune and fame.
Following the first Binance NFT auctions, there will also be additional NFTs from the game to be auctioned at a later date on WAX. Details of the game and NFTs are available at BCbrawlers.com.
In the first phase of the upcoming NFT bridge by WAX and BSC, users will be able to use their WAX Cloud Wallet account to view NFTs that they own on BSC. This NFT bridge will facilitate the transfer of selected BSC NFTs to the WAX blockchain, including Blockchain Brawlers purchased on the Binance NFT Marketplace. The NFT assets will then appear in users’ NFT inventories on the WAX blockchain. In the second phase, this bridge will provide access to a much larger universe of NFTs on both WAX and Binance NFT. Users will then be able to buy and sell NFTs on both WAX and BSC-based NFT marketplaces regardless of which chain the NFT is originated on. The NFT bridge is projected to go live in the second quarter of 2022.
WAX is the biggest gaming blockchain processing three-quarters of all gaming related transactions while Binance NFT recently launched their new gaming initiative, IGO (Initial Game Offering) to give users early access to the GameFi world. With the launch of IGO, Binance NFT endeavors to build the future of gaming metaverse by offering the largest GameFi NFT trading platform.
Games and additional PFP programs as well as an NFT marketplace compatible with both Binance NFT and WAX NFTs are among the current and future collaborative projects expected to take place between the two companies.