The Worldwide Asset eXchange was created to give chances for any person to take part in the virtual game assets marketplace. WAX is demonstrating the importance of introducing tokens for in-game items.
WAX is working towards minimizing transaction costs that are imposed on the player. It is also creating a platform where games can be marketed, something that was not possible before. WAX is helping in fractionizing of the player’s profits.
Tokenization of in-game assets allows one to own virtual assets, which create an economy that is easily accessible and has high chances of growing into tangible assets. However, monitoring the tokens has been a challenge. WAX came up with an approach where the token holders have the regulatory oversight. The Transfer Agent conducts the transferring process of the virtual assets.
WAX is coming up with innovations that are taking the virtual assets to a new level. With time, they will be able to include physical items for trade in their platform. They have enhanced their services thus ensuring that tokens that are on the block chain are connected to their physical assets throughout.
WAX works under the governance of its president, Malcolm CasSelle. He is a professional entrepreneur who has worked with worldwide-recognized companies such as CTO, Sea Change International among others,
Malcolm graduated from MIT with his bachelor’s degree in Computer Science. He later acquired his master’s degree from Stanford University. He had an interest in learning foreign languages and can fluently speak Japanese and Mandarin.
His journey has been one to admire. He started his career in 1995 where he co-founded and became the CTO of NetNoir, a website that did exceptionally well in media production. He later joined the Pacific Century CyberWorks where he was the vice president. He also advised the CEO on various issues.
Other companies that have worked with Malcolm include Capital Union Investments, Xfire, MediaPass and Timeline Labs. He has also invested with companies such as Zynga, Facebook and several companies dealing with Bitcoins. Malcolm CasSelle is living a successful life and you can learn from him that an innovative mind can take you places.