Worldwide Asset eXchange (WAX) president and OPSkins chief information officer Malcolm Casselle is ready to see how cryptocurrency merges into the regular world now that it’s become a phenomena in the gaming world. OPSkins has been selling Bitcoin from a centralized marketplace for several years now, but there’s a lot that they want to see happen with a decentralized peer-to-peer system that WAX is bringing in, and it will help cut costs in areas that gaming companies and cryptocurrency dealers have had to pay high. What WAX is doing is making it possible for the exchange of virtual assets to happen without the need for middlemen and with verification algorithms that ensure transactions are not fraudulent. The eSports niche has been one of the biggest WAX beneficiaries thanks to the way new blockchain-based smart contracts are used.
Malcolm Casselle has only been with OPSkins and WAX for only a year and is still making a relatively new endeavor to make cryptocurrency the new legal tender. But he has been in the IT industry since getting his computer science bachelor’s and master’s degrees from MIT and Stanford. The first executive IT position he held was as CTO of NetNoir which created various media productions featuring foreign cultures. Casselle then traveled to Hong Kong and worked with a team of executives for a telco provider known as Pacific Century CyberWorks for a few years, and then joined an investment firm, Capital Union Investments where his primary target investments were late-stage web-based companies.
Malcolm Casselle started looking into mass media streaming and entertainment when he became the CEO of two Chinese gaming ventures in Tencent and Xfire. He increased his interest in the gaming industry when he funded Timeline Labs which was later merged with Seachange International. Just prior to joining OPSkins and founding WAX, Casselle was a venture capital investor in Tribune Publishing which changed its name to Tronc.
Find out more about Malcolm CasSelle: http://casselle.com/