Worldwide Asset eXchange, or WAX, is a platform enabling users to tokenize virtual assets. Malcolm CasSelle is the current President of this company.
Malcolm CasSelle graduated from both MIT and Standford University with a bachelor’s and master’s degree respectively. His latest work with OPSkins is a tool that converts virtual gaming assets into monetized assets that are tradable virtually. Malcolm excelled in everything he tried, eventually leading to many successful business ventures.
Malcolm CasSelle is an international investor and entrepreneur. He invested heavily in the early stages of Facebook and now Bitcoin. He has launched several successful startup companies as well. Such companies include MediaPass, Xfire, and a combined project between Tencent and Groupon. He eventually took the role as CEO of the company Timeline Labs. This was obtained after he worked for SeaChange International as the Vice President and General Manager. Every job Malcolm CasSelle took he was more than prepared to take the company to even greater heights.
Creating virtual assets helps by giving a monetary value to inanimate objects, such as video game in-game skins. Virtual assets would now have a wax token value that both the virtual asset and its value can be transferred from user to user. This creates another market for gamers to participate in and allows them to invest in their favorite past time. The WAX system helps OPSkins regulate the trading process within the virtual realm. With possible implementation of adding virtual value to physical items through fractionization, the regulation of this currency is very important.
Guilds and the stake consensus algorithm are responsible for regulating the efforts of Transfer Agents. These Transfer Agents are responsible for getting the virtual asset from one owner to another. A regulatory system of continuous and successful transfers boost the Transfer Agents credibility. Non-continuous and unsuccessful transfers diminish rapport with possible clients. This system gives Transfer Agents an incentive to take special care to each and every client.
Malcolm CasSelle is hoping to bring a virtual value to all kinds of products, lowering transaction costs and creating an astounding new marketplace. WAX is becoming truly groundbreaking.