WAX Studios, developer of the Worldwide Asset eXchange (WAX) blockchain, has just raised more than $10 million from the investment arm of crypto exchange OKX.
OKX Blockdream Ventures is a $100 million fund focused on scaling blockchain projects.
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The company will reportedly use the funds to improve the functionality of NFTs in WAX-powered P2E games, develop game tokens and upgrade WAX Cloud Wallet.
According to VentureBeat, the daily number of transactions on the project's network has exceeded 23 million. 23 games operate on the blockchain with a total audience of more than 12 million accounts.
WAX Studios, which was founded back in 2017, has a team of more than 100 employees.