Malcolm Casselle Believes That WAX; a Blockchain Platform Will Reduce Fraud and Fragmentation in Virtual Asset Markets

Malcolm CasSelle is the CIO of OPSkins, a company that is leading in the trading of in-game virtual assets and bitcoins in the world. Apart from being successful in the centralized market for virtual assets, OPSkins has also launched a new platform known as WAX (Worldwide Asset eXchange) for improved virtual asset trading. WAX was developed on the foundation of blockchain and decentralized settings making it a P2P marketplace whereby sellers and buyers can efficiently and safely trade the virtual assets. With WAX, the company is now free from fraud and fragmentation in the marketplace because the blockchain platform allows all users to transact without the need to click off the game. This platform is expected to eliminate all the problems encountered with FOREX in virtual asset markets. WAX tokens allow users to acquire in-game items and provide a smart contract to buy, sell, rent and trade within the virtual asset markets. Malcolm CasSelle who is also the president of WAX believes in the success of the platform saying that the gaming industry will help in the ignition of cryptocurrencies in the mainstream.

About Malcolm CasSelle

Malcolm CasSelle is the CEO of OPSkins and the president of WAX. His main focus is on the development of a safe in-game virtual asset trade on the blockchain platform. Before he became the president of wax, Malcolm had worked with several other organizations such as tronc, Inc., SeaChange International, MediaPass and Xfire among others. In all these companies, Malcolm CasSelle was trusted with top positions and could also settle major transactions such acquisition of Timeline Labs by SeaChange International in the year 2015. CasSelle is also an active early stage investor and has been involved with companies such as Zynga, Facebook and different companies dealing with Bitcoins.

During an interview with IdeaMensch, Malcolm CasSelle said that the idea to establish WAX came from the experience he and his team had acquired at OPSkins on the centralized market for virtual assets. To achieve a decentralized marketplace, they required a blockchain platform, and that is how the idea of WAX came into realization. He says that he manages to bring his ideas to life by speaking about them with people who have similar interest once an idea is incepted in mind. Malcolm CasSelle graduated from Massachusetts Institute of Technology with a bachelor’s degree in computer science and Stanford University with a master’s degree in computer science also.

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