Experts everywhere proclaim blockchains to be the technology of the future. Its ability to operate in decentralized markets has unending possibilities. From the digitalization of stocks and equity, to the complete virtualization of the banking industry. There are no heights cryptocurrency can go. But it is the gaming industry that Malcolm CasSelle believes will be the catalyst that starts everything.
CasSelle is the current CIO of OPSkins, the top bitcoin merchant globally, and a worldwide top seller of in-game assets. CasSelle has been a major player in the digital industry for decades, and was an early stage investor in Bitcoin as well as Facebook. He has been watching cryptocurrency since its formation, and is the chief reason why OPSkins is currently a giant in the industry.
A graduate of MIT with a bachelor in computer science, and an alumni of Stanford with a master’s in the same subject, CasSelle started his career in 1995 with the founding of his first business NetNoir. Now he is founding a new company WAX, Worldwide Asset eXchange, a P2P network utilizing blockchain technology to create a new phenomenon in the world of gaming. Cross game trading and sales.
WAX allows players to trade virtual assets and currency between the various games connected to the network. This allows for a return of investment for gamers, who can sell their digital wares for real currency. The trading is confined to WAX’s network, and uses blockchains to free transactions from fragmentation and fraud. This is a huge development considering gamers have been using digital assets longer than most cryptocurrency investors. If major gaming industries become involved it could change the way games and assets are bought and sold.
Blockchains create streams of data that contain time stamps, date of purchase, and other specific information. They are used to create smart lists that keep tabs on fraudulent transactions. By using this list it protects gamers from fraud as it creates lists, or guilds of dependable sources to deal with. It also compartmentalizes everything together so that business are not fragmented between various services. Allowing transactions to move faster.
SWball July 19, 2018
Posted In: CEO