Cryptocurrency needed a big win. The virtual tender was suffering under the strain of two deal-breaking drawbacks: fraud and fragmentation. Fraud made online transactions to risky whereas fragmentation made online transactions too slow. Fragmentation was necessary, however, because the meddling middlemen provided the security necessary to protect against fraud. It was an endless circle spiraling down the drain of a commode and flushing away cryptocurrency’s potential.
Then blockchain’s were invented. Simple cryptographic lists of data that track every transaction a user makes and red-flags fraudulent behavior. Now, fraud and fragmentation are being neutralized and its anyone’s guess as to where the future is going. Malcolm CasSelle has a guess, and he has decided to back that guess with action.
Malcolm CasSelle is not new to the online world, nor is he some millennial who invented a popular phone app. Malcolm CasSelle is a veteran of the internet and has operated within its confines since the mid-’90s. CasSelle is a graduate of MIT and Stanford and holds degrees from both in computer science. He started his career with a media-production company called NetNoir that he co-founded in ’95. He has served in top-level executive positions ever since.
CasSelle has been a SVP, CEO, and CTO for a host of various companies. These companies have been involved in social media tracking software, paywall solutions, instant-messaging, and in-game asset sales. The last is the business of CasSelle’s current company OPSkins, who he joined just last year. OPSkins is also the company behind CasSelle’s latest innovation: Worldwide Asset eXchange.
WAX is a new player trading platform that operates in a decentralized market. It uses blockchain technology to power its security and processing. It offers players a streamlined platform for the buying, trading, and selling of virtual wares. WAX serves as the initial presence of blockchains withing the gaming world. CasSelle was an early stage investor in Bitcoin and has followed cryptocurrency from its inception. Like many experts, he sees the great potential in blockchains and is banking on it. As the president of WAX, CasSelle is dedicated to revolutionizing the gaming industry. WAX could very well be the element that finally takes cryptocurrency mainstream.