Malcolm CasSelle, The Creator of WAX Technology
WAX technology OPSkins has been a global leader in the online gaming industry especially in the sales of in-game virtual assets. The Chief Information Officer Malcolm CasSelle is arguably the leading bitcoin merchant in the world. Although OPSkins is a leader in terms of market size and user demand, it operates in a centralized marketplace. However, there are numerous limitations related to such kind of market for virtual assets. The decentralized marketplace has been cited to be the next step of progression for the virtual assets.
Creators of OPSkins have been working on a blockchain platform for virtual assets trading that is set launch soon. The platform known as Worldwide Asset eXchange (WAX) is based on the blockchain technology and will be a peer-to-peer marketplace allowing individuals to effectively trade with each other. Fragmentation and fraud have been two of the major problems in the virtual assets market. The WAX technology is aimed at addressing these issues by allowing users to instantaneously trade without exiting their games.
Fragmented virtual asset market
The current virtual asset trading environment is crowded with local and regional marketplaces. Effectiveness and efficiency of these marketplaces are restricted by the payment processes, language and security concerns. The WAX technology is pioneering a solution to such challenges by creating a blockchain market that enables users to tokenize and trade in a fraud-proof system. It also facilitates users to instantaneously trade gaming assets with other players without logging out from their games.
About Malcolm CasSelle
Malcolm CasSelle was born on March 22nd 19710 in Pennsylvania, United States. He holds a bachelors and Masters degree in computer science from MIT and Stanford University respectively. His career started back in 1995 when he co-founded a media production company. A few years later, he became a senior vice president at Pacific Century Cyber Works based in Hong Kong. In 2006 he was appointed as a director at Capital Union Investment with the responsibility of managing private direct investments. Since then, he has served different technology companies in different capacities. Currently, he is the president of WAX technology and CIO at OPSkins. He understands and speaks both Japanese and Mandarin.