The Worldwide Asset eXchange (WAX) is a platform, which allows anyone to trade in virtual game assets. This shows how powerful in-game tokenizing has become. This platform has created a marketplace that allows assets transfers and fractionalizes player profits; something that was impossible before.
One of the major challenges that asset tokenization has been facing was how to ensure blockchain tokens would stay tied to an asset. However, that has now been solved by WAX, which has a multi-layer governance system in place.
The WAX platform presents a future where it will be possible to own a small fraction of the original Batmobile or the shoes won by an NFL player at the super bowl. This fractionalization opens up endless possibilities for collectors and fans. This new innovative ecosystem is definitely a nice snippet of what the future is going to look like.
About Malcolm CasSelle
Malcolm CasSelle is an internationally renowned entrepreneur. He currently works at tronc, Inc. where he holds the position of President of New Ventures and Chief Technology Officer. Before that, Malcolm was a Senior VP and GM in charge of Digital Media at SeaChange International. He has also led the formation of various startups in the digital world such as Xfire, Groupon’s collaboration with the Chinese Tencent, and MediaPass.
Besides that, he was an active early investor in companies such as Zynga, Facebook, and most recently in companies related to the Bitcoin. Malcolm is a great believer in Bitcoin and all other accompanying technologies such as the Blockchain. He has written quite a lot on this issue.
Amongst the most significant companies that he co-founded include NetNoir, which was amongst the first companies that AOL accepted into its Greenhouse Program. The other one was PCCW (Pacific Century CyberWorks). The company is publicly traded telco that operates out of Hong Kong. According to publicly available financial data, the company is worth over $35 billion.
Malcolm CasSelle is quite well educated and has a bachelor’s degree and master’s degree in Computer Science from MIT and Stanford respectively. Besides that, he is fluent in both Japanese and Mandarin.