WAX, or the Worldwide Asset eXchange is a decentralized platform allowing individuals to participate in a virtual games assets marketplace. WAX reduced the costs of transactions, created marketplaces allowing the transfer of assets, and uses centralized exchanges to fractionalize player profits. A more accessible economy has been created by enabling the tokenization of virtual assets. The potential for the expansion of physical assets is additionally available. The determination of how to ensure and monitor tokens on the blockchain has been one of the greatest challenges regarding tokenizing assets. The financial stake and reputation of the Guild is affected if the Transfer Agents do not perform their duties. The economic feedback ensures WAX tokens stay connected to their virtual assets.
Malcolm CasSelle is the current President and CTO or Chief Technology Officer of New Ventures at tronc, Inc. He was previously the General Manager and Senior Vice President for SeaChange International. He served as the CEO when the company acquired Timeline Labs in 2015. He has been the leader for digital industry startups including Xfire, MediaPass, and the joint venture in China between Tencent and Groupon. Malcolm CasSelle has also been an early stage investor in Zynga, Facebook, and Bitcoin-related companies.
During his early career, Malcolm CasSelle was one of the founders of PCCW. The company was based in Hong Kong, was a publicly traded telecom business, and was valued at $35 billion. He assisted in raising capital in the billions for PCCW, and raised hundreds of millions for numerous private transactions. He attended Stanford University where he earned his Master’s degree, and MIT where he received his Bachelor’s degree. Both are in the field of Computer Science. In addition to English, he speaks Mandarin and Japanese.
Malcolm CasSelle’s served MediaPass as the CEO. The company is an online paywall solution for the generation of digital content. He was the CEO of Xfire, a business focusing on core video game players. He managed private investments for Hong Kong-based Capital Union Investments as the Director of the company. Malcolm CasSelle also co-founded NetNoir, an African-American website. He is highly respected in his field.