WAX (World Asset eXchange) is a new blockchain platform launched by OPSkins, designed for trading virtual assets. The platform will enable users to buy and sell gaming assets from other players, without any hassle in regards to the payment process, language or security concerns. Players will be able to tokenize their virtual goods and instantly acquire assets from other users.
The president of WAX is currently Malcom CasSelle, who is also the Chief Information Officer for OPSkins. CasSelle is not unfamiliar with the digital industries, as he has led startups that include MediaPass, as well as Xfire, a gamer social network with 22 million users.
e Commerce, gaming and bitcoin are some of CasSelle’s interests, being an active player in the digital media market. He has been described by his peers as a gifted entrepreneur, showing outstanding leadership skills as well as being a team player. In the past, he has worked for companies such as Timeline Labs, and is currently the President & CTO of Tribune Publishing.
CasSelle’s academic track record consists of a bachelor’s degree from Massachusetts Institute of Technology and a master’s degree from Stanford University, both in Computer Science. He is a co-founder of PCCW, which he co-founded early in his career. PCCW is a publicly traded company based in Honk Kong, which is currently valued at $35 billion. He also acted as a top executive at Groupon’s joint venture with Tencent Holdings Limited, a Chinese multinational that specializes in internet-related services and products, among others.
The WAX platform aims to solve the fraud problem, as the virtual asset market is currently plagued with fraud and security issues. The belief is that only the blockchain can solve these issues, enabling new types of user operations and market effeciencies that can not otherwise be provided to users by a centralized technology. Blockchains smart contracts eliminates the middleman that would drive up the prices, and ensures that the goods are delivered.
Malcom CasSelle has been an early investor in Bitcoin-related companies and due to his deep understanding of the industry and a significant amount of experience, he is confident that the gaming industry will propel cryptocurrencies into the mainstream.