Malcolm CasSelle is the Chief Investment Officer of OPSkins, the biggest bitcoin merchant and the top seller of in-game virtual assets in the world. Malcolm CasSelle’s company created WAX, the Worldwide Asset eXchange, which is a peer to peer marketplace for their users to trade their virtual assets. It’s a decentralized network that allows the trading of these assets to go smoother and more securely. Malcolm CasSelle’s WAX system prevents fraud and fragmentation with a widget that implements blockchain technology. Users don’t even have to leave their game by instantly buy and sell goods.
The virtual asset market is fragmented, meaning there are several systems that aren’t integrated for various reasons like language, location, security, and payment processing. Malcolm CasSelle’s system looks to change that. One of the main focuses WAX has is stopping fraud, a problem the virtual asset world is full of. They are doing this through smart contracts that guarantee the delivery of the product upon delivery of funds. Since the system is decentralized, there aren’t third parties that need to get involved in the process.
Malcolm CasSelle has computer science degrees from both Stanford University and the Massachusetts Institute of Technology. He is the acting president of WAX alongside being the Chief Investment Officer of OPSkins. He has also been the President and Chief Technology Officer at tronc, the former Tribune Publishing and oversaw properties buying and selling digital assets. Prior to tronc, the acted as Senior Vice President and General Manager of Digital Media for SeaChange International when it purchased Timeline Labs, of which he was Chief Executive Officer.
Mark CasSelle’s social network for gamers, Xfire, had 22 million users. As his obligations grew, he kept the network going by handing the reins to some of the users of the site. He also founded the company PCCW, a Hong Kong-based telecom company that is valued at over $35 billion USD.