The Worldwide Asset eXchange or commonly referred to as WAX, is a platform that allows virtually anyone that participates to have the ability to create their own marketplace that tokenizes in-game assets. With the incorporation of WAX, the transaction cost is minimalized and can enable marketplaces for games that previously had no way to transfer assets or carry out exchanges. These virtual marketplaces have fully functioning capabilities with blockchain trust (continuous records linked and secured with cryptography) and transaction verification. While WAX’s tokenization will let participants have ownership of virtual assets, the future possibilities will allow users have ownership of physical ones.
The President of Worldwide Asset eXchange and New Ventures at tronc, Inc., Malcolm W. CasSelle has a rich history relating to the digital world. Prior to his current roles, Malcolm used to be the Senior Vice President and General Manager of Digital Media at SeaChange International, a telecommunication service that provides cloud-based solutions to cable providers. He also led a few startups in the tech industry, Xfire, MediaPass and Groupon’s partnership with Tencent, a Chinese instant messaging and gaming powerhouse. For a time, Malcolm CasSelle was the CEO of Xfire, a worldwide social network with over 22 million users that cater to passionate video gamers.
Malcolm CasSelle has received his B.S. degree in Computer Science from the Massachusetts Institute of Technology and his M.S. degree in Computer Science at Stanford University. He is very polylingual and can speak Mandarin Chinese and Japanese. Malcolm worked at Bell Laboratories during his summers while enrolled at MIT. He would research semiconductor manufacturing techniques, mainly to find a way to reduce the failure rates and maximize the quality. He was awarded a grant from Apple Computers to help pay for his graduate education at Standford, he would also work at Apple during that time.