WAX Labs Launches Bounty Program for Ecosystem Growth
WAX Labs Launches Bounty Program for Ecosystem Growth
💰 Bounty Hunters Wanted
WAX Labs has expanded its ecosystem support with a new bounty program targeting builders and developers. This initiative follows their recent shift from tool development to product launches.
Key updates:
- New bounty program for high-impact ecosystem tasks
- Updated funding guidelines for project development
- Focus on connecting skilled builders with opportunities
The program aims to accelerate WAX ecosystem development through targeted incentives. Interested builders can learn more and participate at WAX Bounties.
WAX Blockchain Shifts Toward Deflationary Model with Increased Token Burns
The WAX blockchain is transitioning to a deflationary economic model as token burns increase and inflation trends downward. **Key developments:** - Inflation rates are declining across the network - Token burn mechanisms are becoming more active - The ecosystem is prioritizing long-term sustainability over short-term growth This shift represents a fundamental change in WAX's tokenomics, potentially strengthening the chain's value proposition for NFT creators, brands, and developers already using the platform.
WAX Launches Official Block Explorer for Enhanced Blockchain Navigation
WAX has introduced [WAXBlock.io](http://waxblock.io) as its official block explorer, providing users with a streamlined tool for navigating the WAX blockchain. **Key Features:** - Fast and clean interface for blockchain exploration - Transaction tracking and monitoring - Account detail verification - Smart contract analysis and exploration The explorer serves as a comprehensive resource for users looking to interact with WAX's NFT ecosystem, which hosts collections from major brands including Topps, Capcom, Atari, Funko, and Lionsgate. Access the explorer at [waxblock.io](http://waxblock.io).
Quantum Computing vs Blockchain: WAX Addresses Real Risks
**Quantum computing threats to blockchain are often sensationalized.** WAX breaks down the actual risks versus media hype. **Key Points:** - Quantum computers could theoretically break current blockchain encryption - The timeline and practical threat level remain uncertain - WAX is actively developing quantum-resistant solutions **What's Actually at Risk:** Current cryptographic methods may become vulnerable as quantum computing advances. However, the technology is still in early stages. **WAX's Approach:** The platform is building toward quantum-proof infrastructure to protect its NFT ecosystem and user assets. [Read the full analysis](http://wax-io.medium.com/quantum-computing-blockchain-whats-the-risk-and-how-wax-is-building-a-quantum-proof-future-2b32ad215295)
🔮 WAX Labs Offers Funding for Next-Gen Prediction Markets
**WAX Labs is actively funding prediction market builders** as platforms like Polymarket and Kalshi reach record trading volumes. **The opportunity is massive:** - Users trade on elections, sports, tech releases, and more - Blockchain transparency drives global adoption - Solana's MeleeMarkets shows viral potential with bonding curves **Key challenges remain:** - Insider information risks - Market manipulation concerns - Regulatory uncertainty - Smart contract vulnerabilities **WAX offers distinct advantages** for prediction markets: - Fast transaction speeds - Low costs at scale - Proven infrastructure Prediction markets transform collective beliefs into real-time probabilities through tradeable contracts. The fusion of prediction mechanics with modern DeFi tools creates new possibilities for liquid, on-chain forecasting. **Ready to build?** WAX Labs provides both funding and technical support for developers looking to create the next generation of prediction platforms.