A new blockchain platform is taking the virtual gaming industry by storm, called WAX(Worldwide Asset eXchange). WAX is a marketplace provider for trading virtual assets, using their own trading tokens and smart contracts. WAX’s platform will allow users a more simple and safe way for handling the transactions of virtual assets.
With concerns of fragmentation and fraudulent transactions that plague the virtual gaming community, WAX eliminates these issues with their blockchain-enabled widget. This widget enables all users instant access to buy and sell virtual goods without interrupting the service or flow of the games users are playing while making transactions.
The fragmentation seen in the virtual assets marketplace, is also addressed through WAX’s virtual coin, called the WAX Token. WAX’s blockchain, creates a more streamlined market system, where tokens can be used to buy and sell assets without the possibility of any fraudulent occurences. Under WAX’s platform, the WAX Token is the standard currency for users, ridding them of the hindrances of FOREX, a common annoyance that still affects the virtual asset markets today, and https://about.me/casselle.
For the remaining fraudulent claims and practices, WAX has instilled Blockchain smart contracts that do away with the costly transactional fees and 3rd party interventions(middlemen) to ensure that transactions process smoothly and that buyers and sellers deliver on their promises.
President of WAX and CIO of OPSkins, Malcolm CasSelle confidently states, “The Gaming industry will ignite the world of cryptocurrency to the mainstream.”
WAX is utilizing groundbreaking technology that market users have never seen before. The Blockchain smart contracts and WAX tokens enable new and expanding user efficiencies, allowing trading and transactions in the marketplace much more seamless and safe. And because it is specifically designed for virtual video game users and their assets, WAX is able to maximize the platform’s experience, a service greatly beneficial to the virtual asset trading community, and his Website.
More About Malcolm CasSelle
A graduate of the Massachusetts Institute of Technology and Stanford University, Malcolm CasSelle has always been a leader. Before becoming President of WAX and CIO of OPSkins, Mr. CasSelle was President of “tronc”(formerly Tribune Publishing) and Senior Vice President of Digital Media at SeaChange Int’l, the corporation that acquired his company, Timeline Labs, a solution based service company that measured and analyzed engaging content throughout various social media outlets for other companies.
In the early beginnings of his career, Mr. CasSelle was co-founder of PCCW, a Hong Kong telecommunication company, currently worth over an estimated $35 billion. Fluent in Japanese and Mandarin, Malcolm CasSelle has launched several digital companies, starting with MediaPass, Xfire, and a joint venture with Groupon and Tencent in China, and more information click here.