All hail cryptocurrency, the DVD to traditional banking’s VHS. Projections on the future of virtual trade mediums over traditional paper-weighted currency are made every day. Underneath all the chatter is the understanding that if virtual markets continue to flourish, traditional money will become an outdated commodity. For many individuals it is not a question of how, but of when such an instance will occur. One individual is Malcom CasSelle, and he is banking on his idea of when.
CasSelle is the CIO of OPSkins, a giant in the field of in-game asset sales. CasSelle is also a veteran of the web industry, his first foray occurring back in 95’. Fresh out of college, CasSelle founded a media production website called NetNoir. In the two decades since he has moved around quite a lot, held numerous top executive positions in virtual companies, and been a part of some major innovations. Fate eventually drew him to the gaming world where he has been ever since. An early stage investor in Facebook, Zynga, and bitcoin CasSelle was instrumental in OPSkins becoming a worldwide bitcoin merchant. Now he is turning his focus to blockchain technology with the launch of WAX.
Worldwide Asset eXchange is a player to player platform that facilitates trading within a decentralized market. Businesses far and wide have shied away from decentralized markets for the risks of fraud and fragmentation. Blockchain technology has solved those problems, by using cryptography and data collection to create reliable transaction data. The use of tokenization has led to universal currency acceptance, allowing people from all over the globe to participate without requiring currency exchange. For players operating games within WAX’s network this represents a return of investment. For the rest of the world this could be the start of traditional banking’s conversion to digital. CasSelle certainly things so, which is why as president of WAX he is planning for the future.