Malcolm CasSelle Brings Much Needed Blockchain Functionality to In Game Asset Transactions

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Posted by omeditors | Posted in Business Leader | Posted on 01-04-2018

The online gaming community has been plagued by a number of problems with micro transactions involving virtual game assets.

Lack of transaction oversight has resulted in gamers becoming the victims of fraud. Transacting in different currencies requires a costly third party to be inserted into the exchange.

Malcolm CasSelle’s company OPSkins is looking to solve these and other issues with its crypto currency solution targeted specifically for in game asset transactions.

The worldwide leader in purchase and sell exchanges of in game assets OPSkins has come up with a block chain-based solution, WAX (Worldwide Asset Exchange), that will promote democratic, decentralized and smart contract exchanges.

WAX’s cryptocurrency solution is designed to facilitate the in game transactions from the beginning of the process through its built in functionality that allows users to tokenize and offer their digital assets for sale without having to click away from their current gaming console.

Through the non-intrusive on screen widget, gamers get a powerful set of block chain features that enable them to immediately engage in secure transactions with gamers around the globe.

The WAX token, is a universal digital gaming currency solving the fragmentation problems created when different users transact in different cryptos and have to involve a third party exchange to perform the conversion for the transactions.

WAX will also implement a more efficient proof of stake algorithm, rather than the proof of work utilized by other digital currencies.

This block chain will be managed by 64 Guilds, which are “elected” confirmation nodes, chosen by the community, giving gamers more control and oversight over how the transactions are recorded.

Smart contracts will eliminate fraud by only releasing the funds when the assets are received and vice versa, ending the days of good faith gamers being cheated by unscrupulous members in the community.

As is the case with other crypto currencies, the WAX token will function as a medium of exchange and as a store of value.

Malcolm CasSelle

President of WAX and founder and CIO of OPSkins Malcolm CasSelle earned his undergraduate degree from MIT University and his Master’s in Computer Science from Stanford University.

Between 2006 and 2013 CasSelle served as Director of Hong Kong’s Capital Union Investments. Prior to forming WAX, he was CEO of the social gaming network XFire, CEO of the digital content framework firm MediaPass and served as Senior VP of Digital Media for Seachange International.

 

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