After founding OPSkins and leading it to become the world’s most successful and prolific cryptocurrency trader, Malcolm Casselle is at it again. He has launched a new entity that is focused on virtual trading of assets. WAX is the name of the new creation by Malcolm Casselle, and it’s a denotation for World Asset Exchange. The platform facilitates a P2P market platform for virtual trading in assets. It is built on the blockchain principle that makes use of decentralized contracts. These kinds of dealings allow sellers and buyers to trade assets uninterrupted with each other.
The Rationale behind WAX
One might question the reason behind creating WAX when OPSkins is already a market leader in the selling of virtual assets while gaming; with Malcolm Casselle still at the helm. Indeed, OPSkins is said to be the best bitcoin trader on earth. The creation of WAX was based on the need to solve two existing problems in virtual trading in assets. These problems revolve around segmentation and fraud. The platform solves the problem by using a relatively simple software program that is powered by block chain technology. The tech software program allows all traders to buy assets simultaneously and purchase virtual items without having to click off.
In particular, the problem that WAX is seeking to solve has to do with the fact that the current virtual trading in assets comes with a market melee locally and regionally. The traders are often dumbfounded because of the sheer confusion of language and concerns regarding security and payment processing complications. Thus, most traders tend to want to operate within their countries. Such a development is unfortunate because it even beats the rationale of virtual trading in assets whose objective is to provide a marketplace without boundaries. WAX is being introduced by Malcolm Casselle because it is the only blockchain application that has the capacity to handle virtual trading in assets in real-time. It provides the needed security against fraudsters and allows the traders to play on and explore virtual trading in assets without inhibitions.
Brief on Malcolm Casselle
Malcolm Casselle attended MIT where he attained a Bachelor of Computer Science degree. He is also a Stanford University Alumni. While at Stanford, he studied Computer Science further and graduated with a Masters degree. He has worked in several other companies including NetNoir, where he was a founder and CEO too. NetNoir was the first ever media production website that specialized in Afro-related culture.