Malcolm CasSelle is an entrepreneur and creator of the WAX platform. WAX stands for Worldwide Asset eXchange. Malcolm CasSelle is ahead of the curve when it comes to using the latest technology on a trading platform. He graduated with a Bachelor’s degree in Computer Science from MIT and earned his Master’s degree in the same category from Stanford Universtiy.
Malcolm CasSelle has quite the acumen when it comes to the latest advances in the computer science field. He was an early investor in sites like Facebook, Zynga, and most recently the Bitcoin phenomenon. In an article for medium.com Malcolm CasSelle explains what WAX is and the present and future applications of the platform.
WAX is a platform that allows users of a game to be able to buy things exclusively for that particular game. The concept uses tokens in order for users to make transactions in the platform marketplace. This tokenization of the process will make things much easier for gamers to get the things they need to move forward in a game that they are playing.
WAX also has a way to protect itself from being manipulated by abusive users. The platform uses people called Transfer Agents. These are the people who are responsible for the transfer of items from one person to another. If the Transfer Agent does not carry out his or her job properly it will affect the Agents reputation with Guilds. Ig Guilds don’t do their jobs up to standard and get rid of bad Agents the Guilds will not be allowed to govern the use of the game again. It is an effective oversight procedure for everyone involved.
The future of this platform is also intriguing. The platform can not only transfer video game assets from one person to another, the token system can be used to buy physical assets as well. With this system in place, it is possible for a person to own a part of expensive things like an Aston Martin, a rare baseball card, or championship game-worn shoes. The possibilities are endless. Malcolm CasSelle wouldn’t have it any other way.