Due to the current problem in the in-game virtual asset transactions, OPSkins, the leader in the online virtual asset transaction, has launched a blockchain platform that will solve two problems plaguing the current gaming industry: fragmentation and fraud.
With the WAX (Worldwide Asset eXchange) Platform, all users are easily able to buy and sell assets without having to click off the screen. This is not limited to gamers from one location; WAX Token is a common currency for all types of games, which smoothens the process of transaction and also decentralizes the process.
The blockchain-based platform also solves the problem of fraudulent behaviors in the virtual asset market, including receipt of incomplete assets and delivery issues, by obviating the need for intermediaries. This also drives down the extra cost associated with third-parties.
Overall, WAX gives its users a new way of completing in-game virtual asset transactions, a method that brings together the fragments into a consolidated entity and reduces the likelihood of deceit, which will help the 400-plus million online players in collecting, buying and selling in-game items.
The president of WAX, Malcolm CasSelle is pleased with the platform and thinks the blockchain will completely change the world of cryptocurrency.
The CIO of OPSkins and the President of WAX, Malcolm CasSelle is highly experienced with big data and machine learning. He earned his bachelor’s degree from MIT in computer science followed by a master’s from Stanford University in the same field. He is also an investor in top-performing companies like Facebook, Zynga and several Bitcoin-oriented companies. CasSelle speaks both Japanese and Mandarin.
CasSElle started his professional career by co-founding NetNoir in 1995, a media production website, of which he was also the CTO. While he served in various roles from 1998-2013, including senior vice president at the Pacific Century CyberWorks and director at Capital Union Investments, he became the CEO of Xfire in 2012, a world-wide social network for video game players.