Malcolm CasSelle Founded WAX

Malcolm CasSelle Founded WAX

The birth of WAX, which stands for Worldwide Asset eXchange, allows anyone to participate in a virtual gaming market place due to its decentralized platform. It allows for the transfer of assets while lowering transaction costs. Tokening in-game items will allow for ownership of virtual items within the game. Monitoring is one of the biggest issues facing tokenization. One solution for this is Transfer Agents which would monitor the exchange of virtual goods. These are actually in-game players that are a part of Guilds. If the Transfer Agent does not perform their task appropriately, the reputation of the Guild could be on the line. Faith in the Guild is what gives these virtual item worth anything. This is basically a virtual economy in which the gamers need to have trust in the Transfer Agents for this idea to work. For if they place value in the agents then they also place value in the exchanging of virtual goods and gaining virtual assets.

Malcolm CasSelle is the Chief Information Officer and President of WAX. If identifies himself as an entrepreneur. He received his bachelor’s degree from the Massachusetts Institute of Technology (MIT). He also got his master’s degree at Stanford University in California. Both of his degrees are in Computer Science. He can also speak both Japanese and Mandarin.
CasSelle’s career began in 1995 when he co-founded and became the Chief Technology Officer for NetNoir which was one of the first online publications geared toward African Americans. In 1998, he became the Senior Vice President and advisor to the CEO of Pacific Century CyberWorks which is based out of Hong Kong. He worked in that position for several years. He worked with several other companies in a similar capacity throughout the years. In 2016, he became CTO and President of new ventures for Tronc. He received his current position with WAX in 2017.

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