Tether Co-Founder: ‘Blockchain Is Not Convenient’ - Forbes

William Quigley, the cofounder of Worldwide Asset eXchange (WAX), a blockchain and protocol token designed to make e-commerce transactions faster, easier, and safer, has been in the business of digital items for decades –– long before blockchain. As Quigley and Yantis started to think about how to build a blockchain fitting of their customer’s needs, they devised WAX, launching in late 2017 the first video game virtual items on the beta version of their Ethereum-based platform.

“If you want to use the WAX blockchain, you have to own a certain amount of tokens and those tokens entitle you to rent system resources from our blockchain,” said Quigley. “People think of tokenizing stuff and things, they often think real estate, stocks, gold, and the like, but they never think of sneakers or they don't think of comic books or trading cards or Star Wars figurines, any consumer product,” said Quigley.

Timeline of Wax