Malcolm CasSelle is the founder of Worldwide Asset eXchange, or WAX for short, and he discussed the future of his company. One of the things the company, which is a virtual game marketplace, wants to do is reduce the costs of transactions.
WAX is going to tokenize its assets, but they will work to ensure tokens that are on the blockchain will remain associated to their asset. The exchange of virtual assets are done via a process that is conducted through people who are responsible for transferring assets. These people are known as transfer agents and if they fail at their duties, then their supervisory committee will take action.
WAX will continue to make improvements to its platform and they will continue creating an ecosystem of assets that will be able to be exchanged in a way they were never exchanged
About Malcolm CasSelle
The president of WAX is a serial entrepreneur and has held prominent positions at numerous of companies. He was the president of New Adventures at the company Tronc and he was once the senior vice president and general manager of digital media at SeaChange International. Other companies he has held prominent roles at includes Xfire and MediaPass. During the early stages of Zynga and Facebook, CasSelle was an early investor in them. He has also invested in various Bitcoin-related companies.
Besides being a successful businessman, he is well educated. He went to MIT, where he earned a bachelor’s degree. After attending MIT, he went to Standford University, where he graduated with a master’s degree. Both of his degrees are in computer science. Another interesting fact about him is he can speak both Mandarin and Japanese.
WAX has enjoyed incredible success and this is in part to CasSelle’s leaderships skills, as well as his team. You can visit his website or company’s site to learn more about him.ehe