As the CIO of OPSkins, Malcolm CasSelle in involved in a company that is a leader when it comes to in-game virtual goods. With Worldwide Asset eXchange (WAX) is a decentralized platform that allows people to operate a virtual marketplace. The idea behind WAX is to provide a service to the 400 million plus players who currently collect, purchase, and sell their items used in their games.
There are also WAX Tokens as part of the Worldwide Asset eXchange. These WAX Tokens are utility tokens that accept virtual goods. These Tokens are not just for utilization in video games, but also can be converted and swapped for cryptocurrencies like Bitcoin and others.
This WAX Platform allows millions of virtual goods traders to hatch their virtual stores on a single, decentralized computer system. With this system, or ecosystem for virtual good traders, it is efficient and secure. The credo of trust is what will deliver millions of new people to WAX. One of the selling points of WAX is both parties in a virtual asset transaction can trade with a high level of efficiency.
With the development of WAX, virtual goods traders have two fewer detriments to worry about — fraud and fragmentation. The key to solving these two technological problems is with a widget. This widget utilizes the blockchain technology. A video gamer never has to click off their game with a widget in use. The process of purchasing and selling these goods is a much more seamless process with the WAX widget.
Concerning the issue of fragmenting and geography, WAX will help by allowing differentiation of cryptocurrencies without the use of a middleman, and the current FOREX issues that have hampered markets dealing in virtual goods.
The blockchain technology that is part of WAX involves a Delegated Proof of Stake (DPOS) consensus algorithm. This blockchain technology (DPOS)used with WAX is considered the most decentralized, efficient, flexible, and fastest regarding consensus models.
As President of WAX, Malcolm CasSelle is confident in this cutting-edge blockchain technology-based system. Mr. CasSelle remarked that video gamers would help propel cryptocurrency into the mainstream.