Video Games are a large part of modern culture, and the business opportunities in the industry are immense. Even subdivisions of the larger industry have shown that they can be worth billions of dollars. One of the most lucrative of these subdivisions of the video game industry is virtual gaming gear. With a worth of around 50 billion dollars, the market is a very promising industry. This net worth is made up of sites and platforms used by gamers for the purpose of exchanging skins, a digital asset for online gamers. Skins refer to an audio or graphical accent that changes the appearance or sound of a player’s avatar in-game or some accessory for in game usage. Trading these online assets has become a large part of online gaming, with many gamers chomping at the bit to get the rarest of skins available. However, as this industry grows in size, so too does it’s vulnerability. Malcolm CasSelle caught wind of this fact ealr on and has started WAX in order to meet the inevitable demand.
WAX is an exchange platform the is decentralized, and in doing so is attempting to correct many of the security flaws in modern trading platforms. It has already done a good job, raising consumer confidence in the platforms. The end goal for WAX is to make the online trading world safe for players, allowing their transactions to be unmolested by hackers. The company has also designed their security systems to be very impressive preventing hackers from accessing the online trades. This system is called WAX blockchain security, and has raised the confidence of gamers when it comes to trading. It also eliminates transactions fees normally present in other trades, further increasing gamer sentiment towards WAX.
CasSelle himself has led the development team as the president of WAX and has history in cryptocurrency. He has been an advocate for cryptocurrency for a long time and has made his fortune as a digital entrepreneur. He was the cofounder of OPSkins, later founding WAX to build on the success of OPSkins. CasSelle is now the CIO of OPSkins as well as the former president and CTO of Tribune publishing.
WAX has already made a name for itself with its new ideas and the public acclaim it has brought to cryptocurrency as a whole, and will continue to do so in the near and far future.