Decentralization has always been acknowledges as the next step in cryptocurrency. Many gamers have long complained about the inability to transfer digital funds from one game to another, or receive a return of investment from the money they convert to digital assets. Mostly this is because each game uses its own form of cryptocurrency. A decentralized market allows for player to player buying and selling, revolutionizing the world of digital assets, and finally allowing players to make money off of their virtual property. However, decentralized networks suffer from fragmentation and fraud, making them unreliable and unsafe. Enter the WAX platform from OPSkins and Malcolm CasSelle.
WAX (Worldwide Asset eXchange) is a P2P networking platform operating in a decentralized network. It allows players to tokenize their assets, and uses simple blockchains to offer protection and safety. Tokens take the role of stored worth, allowing gamers to purchase in-game items and form smart contracts. Smart contracts are used for buying, renting, trading, and selling. They are formed by blockchains preventing fraud and creating data lists that track reliability. The WAX platform allows global buyers and sellers access a wide pool of virtual goods.
Malcolm CasSelle who is the president of WAX in addition to being CIO for OPSkins is confident that his platform will finally make cryptocurrency mainstream. CasSelle has been a part of the digital realm for decades, founding and managing numerous businesses that deal in online payments, social media, and gaming. A graduate of Stanford with a master’s in Computer Science CasSelle’s first company NetNoir was accepted into AOL’s Greenhouse program. Before coming to OPSkins he served as CTO and President of new ventures for Tronc Inc.
CasSelle was an early investor in Facebook, Zynga, and Bitcoin. A driving force for innovation CasSelle led OPSkins to becoming one of the top global sellers in online currency and the number one merchant for Bitcoins on the planet. In his spare time he serves as advisor and mentor to investors looking to partake in the Bitcoin boom.