Video games have become a large part of the lives of both children and adults in today’s world. And within this billion dollar industry exist many other, smaller industries based the wants and needs of gamers. One of the most lucrative of these subdivisions of the video game industry is virtual gaming gear. With a worth of around 50 billion dollars, the market is a very promising industry. This net worth is made up of sites and platforms used by gamers for the purpose of exchanging skins, a digital asset for online gamers. Skins refer to a file that changes an audio or graphic asset of a player’s avatar or an NPC. However, as this industry grows in size, so too does it’s vulnerability. Malcolm CasSelle caught wind of this fact ealr on and has started WAX in order to meet the inevitable demand.
WAX is a decentralised exchange platform that is attempting to solve some of these security issues. This platform was started by OPSkins, which is currently the largest online trading platform in the world. WAX’s goal is to make the online trading world far more secure and trustworthy than it is today. WAX has designed a system that allows players to use tokens supplied by WAX to trade internationally on servers. The company has also designed their security systems to be very impressive preventing hackers from accessing the online trades. This system is called WAX blockchain security, and has raised the confidence of gamers when it comes to trading. It also eliminates transactions fees normally present in other trades, further increasing gamer sentiment towards WAX.
CasSelle himself has led the development team as the president of WAX and has history in cryptocurrency. He has been an advocate for cryptocurrency for a long time and has made his fortune as a digital entrepreneur. He was the cofounder of OPSkins, later founding WAX to build on the success of OPSkins. CasSelle is now the CIO of OPSkins as well as the former president and CTO of Tribune publishing.
WAX has already made a name for itself with its new ideas and the public acclaim it has brought to cryptocurrency as a whole, and will continue to do so in the near and far future.