Malcolm CasSelle Uses WAX to Move Cryptocurrency Into the Future
The world of cryptocurrency is getting bigger and bigger. Many still do not understand the value or importance of virtual assets, but those that do are pushing the technology forward to new heights. One such individual is Malcolm CasSelle.
CasSelle is a entrepreneur and investor who has dealt in digital markets for decades. He began with the formation of his first company NetNoir back in ’95, and has since moved on to various others. At present he is the CIO of OPSkins, a top-level in-game asset seller, as well as the foremost bitcoin merchant in the world. Recently, he has put on another hat, as the President and CEO of WAX.
WAX, or Worldwide Asset eXchange, is a player to player network that operates in decentralized markets. It uses blockchain technology to allow cross game sales and trade. The platform is CasSelle’s most recent foray into the digital asset market. CasSelle is an early stage investor in Facebook, Zynga, and Bitcoin. His involvement with cryptocurrency led OPSkins to become the largest Bitcoin merchant around. Now he plans to change the face of the digital asset market with WAX.
Blockchains allow transactions to be free of both fragmentation and fraud in decentralized markets. It does this by creating smart lists of data, data that acts as reference logs for operator’s validity. Using this lists buyers and sellers are put into guilds, and rated on their dependability. This allows digital assets and currency to be traded or sold between players across the games involved in the network.
WAX also uses tokenization to create digital markers for assets, assigning value to such assets. This takes away fragmentation by making everything in the market the same value. No matter the currency involved, tokens take the place of physical value, so sellers and buyers can conduct business and get the exact real tender for their various regions.
WAX is the next step in the evolution of cryptocurrency. With experts predicting that blockchains will digitize traditional banking, WAX may very well be the catalyst that pushes everything forward. CasSelle believes it does, and he is investing early.