Malcolm CasSelle Plays Integral Role In Launching New Service Called WAX

To this point you can collect virtual assets in many video games but they don’t have any real-world value. One company is looking to change this and they have launched a new decentralized digital platform called Worldwide Asset eXchange (WAX). WAX creates a space where people can transfer their virtual assets to others in exchange for money. It also fractionalizes player profits and tokenizes the player’s virtual assets. Once this platform is well established it could expand into also allowing these abilities for physical assets as well.
By fractionalizing assets it’s possible to own a piece of something like a valuable baseball card or the Super Bowl jersey of the winning quarterback, for example. There will be Guilds in places that are responsible for authenticating the assets that are placed on WAX and they also have the ability to monitor the ownership of these assets. The company behind WAX is also investigating how to implement IoT and/or RFID technology so that where a physical asset is can be known to the people that own a percentage of it.
Malcolm CasSelle is one of the executives behind WAX. He has been in the technology industry since 1995. In that year he co-founded a media company called NetNoir and served as its chief technology officer. This company specialized on Afrocentric culture. A few years later he joined Pacific Century Cyberworks where he was a senior vice president.
In more recent years, Malcolm CasSelle joined MediaPass in 2013 as the firm’s chief executive officer. This company offers a paywall solution to its clients who want to generate revenue from their websites. He is the president of WAX which is his latest venture.
Over the course of his career, Malcolm CasSelle has worked in a number of countries. He has worked in the United States, Hong Kong, and in China. While in China he was one of the most senior executives of a company that was formed in a partnership between the U.S.’s Groupon and Tencent which is a Chinese video game and instant messaging firm. Helping him in this endeavor, he is fluent in Mandarin, Japanese, and English.

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