Worldwide Asset eXchange (WAX) is a platform that allows people to run a virtual market with zero investments in payment processing, security, or infrastructure. WAX was developed by the owners of OPSkins, the most prominent marketplace for online video games assets. Wax allows tokenizing in-game assets. WAX is useful as it fractionalizes player earnings from centralized exchanges, minimizes the transaction costs, and it will enable transfer of assets through the creation of marketplaces for games.
WAX is programmed to help more than 400 million players who already buy, sell and collect online game assets. The players can be able to create a new economy, own virtual assets and in the long run be able to own these virtual holdings in their physical form. WAX has also introduced a simple exchange widget which exposes the gamers to a worldwide market that is safe and secure. Transactions must be verified before any completion.
Malcolm Casselle is the Chief Information Officer of OPSkins and also the president of WAX. He is a well-educated man who holds two Computer Science degrees from MIT and Stanford University. Casselle has worked in many companies over the years and has gained a vast wealth of experience. He speaks both Mandarin and Japanese. Before joining OPSkins, Casselle was both the President and Chief Technology Officer at Tribune Publishing where he mainly oversaw the leveraging of digital assets into growing properties. Previously he had a company called Timeline Labs which helped organizations measure, discover and display content based on social media signaling. The company was later acquired by Seachange Int’l.
Malcolm Casselle is also an investor. He is a shareholder at Zynga and Facebook. Casselle was also a co-founder of PCCW, a publicly traded telecom company which has its headquarters in Hong Kong. He helped the company raise billions of shillings in its public offering and millions for other private transactions. Through his help and contributions, PCCW is now estimated to be worth over $35 billion. He has helped startups in the digital world grow and achieve their objectives. Companies like Xfire and MediaPass are some of the companies he has helped develop to where they are today.