WAX (Worldwide Asset Exchange) at www.wax.io is a decentralized platform that enables users to operate a fully functioning virtual marketplace with zero investment in security, infrastructure, or payment processing. WAX was developed by the founders of OPSkins, the world’s leading marketplace for online video game assets and is designed to serve the 400+ million online players who already collect, buy and sell. With the inclusion of WAX’s simple exchange widget, gamers will have access to a worldwide market, with trust and transaction verification.  
WAX was started with the goal of solving many of the issues that plague the virtual item trading industry. The virtual item trading industry is fragmented across hundreds of competing marketplaces, each utilizing different business practices tailored for their region of the world. This creates territorial supply and demand imbalances. 
The WAX team believes the ideal solution to this problem is a global virtual item repository, accessible to anyone, that provides a complete catalog of all items available for sale in real time. Such a repository, when coupled with a reliable, low cost settlement network, would improve price discovery and market liquidity which would increase market size. 
The most recent explanation of this project is here on YouTube.
WAX founders include CEO John Brechisci, Jr., Lead Designer Malcolm CasSelle, COO Jonathan Yantis, and President William Quigley, and Michael Maloney. The team previously founded OPSkins, which is the world’s leading marketplace for online video game assets. 
WAX's advisors include top video game industry professionals, such as Dave Anthony the Creator and Developer of Call of Duty, Brian Fargo the Founder of Interplay Inc. and inXile Entertainment, and Ken Cron the former CEO of Vivendi Universal Entertainment (including Blizzard Entertainment, World of Warcraft). 
WAX's advisors also include cryptocurrency and technology industry veterans including Scott Walker the Founder and CEO of the National Data Corporation, Anthony Di Iorio the CEO and Founder at Jaxx & Decentral as well as a Co-founder at Ethereum, Michael Maloney the WAX System Architect and former Blockchain CTO at EY, Michael Terpin the Founder and CEO of Transform Group, and Aaron Voisine the Founder and CEO of Breadwallet.