Malcolm CasSelle is the current President of Worldwide Asset exchange (WAX). WAX is an online platform that allows video gamers to exchange widgets with absolutely no investment in payment, security or even infrastructure. Malcolm CasSelle holds a degree in Computer Science from MIT and a master in Computer Science from Stanford University.
Malcolm CasSelle previously served as the President and Chief Technology Officer at tronc, formerly known as Tribune Publishing. In that capacity, he oversaw a rapid growth of properties leveraging the digital assets. Before tronc, CasSelle was a Senior Vice President and General Manager at Digital Media of Seachange International. He joined Seachange in 2015 as part of the firm’s acquisition of TimeLabs where he was CEO before then.
In the early days of his career, he ventured into the digital industry even becoming CEO of MediaPass, an online software that helps generate subscription-based revenues. He also served as CEO of Xfire, a network connecting video game players worldwide with more than 20 million subscribers. He also worked in a top executive capacity at Groupon’s joint venture with Tencent, a giant in the Chinese Messaging and Gaming Industry. He has further invested in Facebook, Zynga besides funding big data and blockchain verticals. He is a co-founder of Hong Kong based telecom firm, PCCW, which currently has a value of over $35 billion. He helped raise billions for PCCW’s public offering.
The founders of OPSkins founded WAX. Malcolm CasSelle is also the CIO of OPSkins, which is the most popular marketplace where video gaming enthusiasts get access to game assets online. WAX is set to reduce transaction costs and create markets where it was not possible before to transfer assets. Tokenization gives you ownership of assets, which although virtual, may trigger an economy with physical assets as well.
To ensure tokens remain tied to their asset, WAX employs the use of supervisors (guilds) and transfer agents with the guild’s reputation on the line. WAX has decentralized the governance and delivery proceedings of today’s exchanges. In the future, RFID and IoT technologies could be incorporated to improve connectivity. The successful trading of virtual assets will trigger the sale of physical assets.