Wrapped Origin Axie (WOA)

Wrapped Origin Axie, the crypto

Wrapped Origin Axie (WOA) is a cryptocurrency that is built on the Ethereum blockchain and is used in the Axie Infinity game. It is a wrapped version of the Axie Infinity (AXS) token, as WOA has the same value as AXS but is backed by the origin Axie NFTs.

The point

The main point of Wrapped Origin Axie (WOA) is to create an asset-backed token that allows Axie Infinity players to use their Axie NFTs as collateral for loans or other financial transactions. This allows players to access liquidity for their in-game assets without having to sell them outright.

The problem

One problem that Wrapped Origin Axie (WOA) tries to solve is the lack of liquidity for Axie Infinity players who want to use their NFTs as collateral. By wrapping AXS in NFTs, WOA provides a way for players to access liquidity without having to sell their NFTs, which can be rare and valuable assets. This allows players to participate in the game's economy in a more dynamic way.