The WAX Cloud Wallet is designed to provide users with a convenient way to acquire, hold, and transfer digital assets, including NFTs. It utilizes a delegated authority system, where the unique private key associated with the address holding the digital assets is managed by the automated system that operates the WAX Cloud Wallet.
Worldwide Asset eXchange™ (a.k.a. WAX) is a decentralized, blockchain-based technology platform that enables users to create and trade non-fungible tokens (NFTs) and other digital assets. These assets can be transferred peer-to-peer using blockchain technology.