OPSkins has taken the cryptocurrency industry by storm. The in-game virtual assets sales firm leads the way as far as the exchange of cryptocurrencies is concerned. The firm allows for the trading of virtual assets through their centralized marketplace system. The challenges of the centralized necessitated the establishment of a decentralized system and thus the Worldwide Asset eXchange (WAX) came to life.
Apart from the decentralized smart contracts, WAX also works based on the blockchain technology. The technology has aptly taken care of fraud that was experienced in the previous model. Traders do not have to go offline as they trade their assets. The market is now run seamlessly as there is very little to worry about. Middlemen and third-party interventions are being phased out progressively and the cost of transactions will be reduced substantially as a result of this.
Traders can easily tokenize their assets and engage in eSports with much ease. The platform also offers a common currency allowing for trading to take place in different geographical areas. The Delegated Proof of Stake (DPOS) algorithm is largely responsible for the blockchain technology. The users get to decide which nodes (Guilds) will be used in the technology.
Malcolm CasSelle, WAX’s president, believes that cryptocurrency will be turned on its head with its introduction in the gaming industry. The technology provides an optimal user experience that allows users to have smart contracts for trading. The president has had a largely successful career in the tech industry.
Malcolm CasSelle attended Stanford University where he did graduate studies in Computer Science. He had been an undergraduate student at the Massachusetts Institute of Technology. He began his career at NetNoir where he served as the Chief Technology Officer and doubled up as the co-founder.
He later moved to Pacific Century Cyberworks where he served as VP and offered advice to the CEO. An opportunity at Capital Union Investments came calling and he took it in his stride. Malcolm CasSelle served them for seven years before moving to MediaPass where he was appointed as the CEO.
He helped to set up Timeline Labs and sold it to SeaChange International. This provided him the opportunity to serve as the General Manager of the firm’s digital media department. In 2017 he was appointed as the CIO of OPSkins and became the president of WAX.
Find out more about Malcolm CasSelle: http://casselle.com/