WaxToken was introduced to the world of online video gaming with the purpose of allowing gamers to exchange digital items or assets. On this decentralized platform, users can set up their own virtual marketplace without having to deal with all the issues involved with starting an e-commerce website, and it gives collectors access to the rarest virtual items known as skins. Since an estimated 400 million online game players worldwide spend over $50 billion a year on online game assets, WaxToken, which is the short form for Worldwide Asset eXchange, and is also called Wax, encourages these gamers to become users of cryptocurrency. Wax can enable 1.8 billion digital game players worldwide to trade game assets.
The President of Wax is Malcolm CasSelle, who previously worked as the Chief Executive Officer of the global video game players network called Xfire. It was a company that had over 22 million regular users. He was also the Senior Director and Manager of Digital Media of Sea Change International, a company he joined in 2015. Another position he held was Director of the Hong Kong-based Capital Union Investments firm, where he managed private direct investments. He graduated from MIT with a Bachelor’s degree, and from Stanford University with a Master’s degree in Computer Science.
Malcolm CasSelle started off making investments in social media sites like Facebook, and in other companies that are involved with Bitcoin or cryptocurrencies. He is presently the President and Chief Technology Officer of a business called New Ventures at tronc, which was once Tribune Publishing. His experience with blockchain-based businesses made him a good choice to be in a leadership position at WaxToken, which was started by the founders of Opskins, one of the world’s most popular virtual item exchange markets.
WaxToken is continuing to gain popularity all over the globe among online video game players, and it has the potential to further expand the existing $50 billion skin trading market. Over the last year, Malcolm CasSelle, who is a co-founder of the company, and speaks both Japanese and Mandarin fluently, has seen a lot of growth within it.