Malcolm CasSelle Puts His President Hat Back On With Introduction of WAX Platform
Before Malcolm CasSelle became CIO for in-game asset seller OPSkins, he served as CTO and president of New Ventures for Tronc Inc. A experienced entrepreneur, executive, and investor CasSelle had made some rounds before settling with OPSkins. His first foray was a web-based start-up called NetNoir which he co-founded. His storied career has taken him across the sea to Hong Kong. He has served as founder, CEO, and top-level exec for numerous firms. His work focusing on social media, payment solutions, and even web design. CasSelle is now reclaiming the title of president with the formation of a new market platform called WAX. WAX, or Worldwide Asset eXchange, is a P2P market that consists of a network of games.
P2P stands for player to player, and in WAX’s system such trades can be made cross game. This means assets purchased from one game can be sold for assets from another. A big deal in the gaming world. OPSkins is currently a global leader in digital in-game wares, which makes WAX a profitable step to take. What makes WAX magical is the concept of blockchain technology. Blockchain tech is slowly changing the entire face of cryptocurrency, and opening the doors to a wide variety of possibilities. Chief among them being the operation of sales in a decentralized market.
Blockchains eliminate fraud by ensuring the members of a transaction are legitimate. It does this by compositing lists of transaction data for users, identifying any and all examples of unscrupulous behavior. Those records allow prospective buyers to be duly warned. According to CasSelle the possibilities for WAX do not stop there.
Malcolm CasSelle was an early stage investor in Bitcoin and Facebook. He has always had a good understanding of the ebb and flow of digital markets. Blockchains’ ability to open up decentralized markets is the future of virtual companies. WAX could be at the forefront of what makes cryptocurrency cross the threshold of mainstream. All it takes is for gaming giants to take interest and create their own marketplace.