Malcolm CasSelle is bringing together game skins and cryptocurrency like never before. In the world of gaming, game skins can be seen as a prized possession for any player. Some game skins are so prized that they can be used as currency. Mr. Casselle’s company Wax (Worldwide Asset eXchange) allows players to tie their gaming assets, with a cryptocurrency, through a process known as tokenization.
So how does the process of transferring virtual assets work on the Wax platform? It’s really simple, the assets are exchanged by users known as Transfer Agents who are in turn monitored by a group known as a Guild. The overall system is managed by a rating system which holds everyone accountable on the Wax platform. Together, this secure system allows players to acquire, sell, and transfer game skins as easily as trading in a cryptocurrency.
The brains behind Wax, Malcolm CasSelle has a long history of supporting innovative companies. Educated at MIT and Stanford, Mr. CasSelle was an early stage investor in tech giants including Zynga, Facebook as well as many Bitcoin-related firms.
Mr. CasSelle’s involvement in the gaming world began in 2012 when he was named CEO of Xfire, a social platform for gamers. After five years of experience in the gaming arena, Mr. CasSelle became president of the Worldwide Asset eXchange in 2017.
As cryptocurrencies continue to become accepted as by more and more users and companies, Wax will most likely gain more acceptance in the gaming community. Mr. CasSelle’s continued involvement in Wax will ensure that the exchange will perform as a top-level platform.
Looking forward, Wax will seek to expand beyond the world of virtual assets. In fact, one of Mr. CasSelle’s visions is to tie the exchange to physical assets. As Wax masters the transfer of non-physical assets, the company will be well positioned to expand into the physical world.