What Is the WAX Platform?
WAX is an acronym for Worldwide Asset eXchange. This company represents a decentralized platform that is designed to allow people to exchange game assets. The aim of the platform is to make game assets less expensive and allow anyone to participate in the exchange. This platform can create an entirely new marketplace when there was none before. The aim is to reduce transaction costs and allow assets to be transferred and fractionalized from centralized exchanges. This process is called tokenization which is aimed at reducing transaction costs and creating new marketplaces. This is designed to be stored in the Blockchain, which is a new technology that arose from cryptocurrency.
About Malcolm CasSelle
Malcolm CasSelle has had a very long career in the technology industry. He retains his position as CIO of OPSkins, a marketplace for buying and selling video game skins. He is a former CTO of tronc which is a publishing company. He was also the SVP & GM of digital media at SeaChange Int’l. Before his later successes, he was a co-founder of PCCW which is a public Hong Kong based telecom company. This enabled him to raise several billions of dollars in funds for this company in addition to private deals. His education is from both MIT and Stanford, from where he holds degrees in Computer Science. Mr. CasSelle also has great language skills, as he is fluent in both Japanese and Mandarin.
About Malcom CasSelle as an investor
Malcom is also a frequent investor. He actively invests in technology companies such as Facebook and Zynga. This is also not to include investments in big data and blockchain technology verticals. He was also SVP & GM of digital media at SeaChange Int’l, which acquired Timeline Labs where he held a position as a CEO.