While other entrepreneurs are trying to bring cryptocurrency to the mainstream, Malcolm CasSelle, the CIO of OPSkins, has other plans. He believes that cryptocurrency doesn’t need to be a part of everyone’s lives. He believes it has a niche use. Cryptocurrency is perfectly designed to be used for video gamers.
OPSkins is a marketplace for gamers. Players of PUBG, H1Z1, and many other games can purchase skins and weapons from OPSkins. Services like these provide a safe, secure place for gamers to trade digital assets.
Malcolm CasSelle and the other people at OPSkins are attempting to expand their operations. They created WAX, a peer-to-peer marketplace. This new marketplace isn’t only for gamers. CasSelle hopes that other traders of digital assets will begin to use WAX as well.
WAX users make use of this secure network by using WAX tokens. These tokens are a type of cryptocurrency that can be exchanged for real world cash from dozens of different countries. In order to trade on WAX, a person must first exchange their cash for WAX tokens.
Two major problems are solved with this platform. Frauds are not present on WAX. Because of the decentralized nature of WAX, it is nearly impossible to scam someone. Records are kept on many different machines making fraud all but impossible. WAX’s decentralized, blockchain process also solves the fragmentation problem.
About Malcolm CasSelle
Malcolm CasSelle earned his education at Stanford and MIT – two of the most prestigious schools in the country. Prior to joining OPSkins, and later creating WAX, Malcolm CasSelle held a variety of other positions in tech and entertainment. In 1995, Malcolm CasSelle helped created NetNoir, an early pioneer of the internet that focused on Afrocentric culture. This company eventually became a part of AOL’s Greenhouse Program. CasSelle also worked at Xfire, tronc, Inc., and SeaChange International.