Malcolm CasSelle Plans to Take Cryptocurrency to Gaming

The gaming market has been teetering on the fringe of the cryptocurrency boom for a while. Most video games already use in game currency for purchases of extra content. From additional campaigns, multiplayer maps, and skins to special weapons, limited time offers, and extra characters there is a plethora of digital content to purchase. So […]

The gaming market has been teetering on the fringe of the cryptocurrency boom for a while. Most video games already use in game currency for purchases of extra content. From additional campaigns, multiplayer maps, and skins to special weapons, limited time offers, and extra characters there is a plethora of digital content to purchase. So far, however, such content is restricted to the game it exists in, as does the currency used to buy it. Gamers have no way of making a return on investment. The question of will they be able to is on the table, but no game developers want to touch it. According to Malcom CasSelle that is about to change.

Malcolm CasSelle is a graduate from MIT with a bachelor’s in computer science, and graduate from Stanford with a master’s in computer science. Since 1995, with the formation of NetNoir, a company he co-founded, CasSelle has been part of many major innovations in the history of the web. He has served as a vice-president, CEO, president, and CIO of numerous internet-based investment firms. Now he is the CIO of the largest seller of in-game assets globally, OPSkins, a company that also holds the title of largest bitcoin merchant globally. He is also the president of WAX, which stands for Worldwide Asset eXchange, and WAX has plans for the future.

WAX is a decentralized market place designed for the sale and trade of digital assets by players. It offers the real opportunity for in-game content to actually have a return of investment. Decentralized markets are regarded as unstable because of the prominent threat of fragmentation and fraud. WAX uses the innovation of dropchains to create smart lists that ensure transactions are legitimate.

According to CasSelle this will finally bring the gaming market into the world of cryptocurrency, and will establish cryptocurrency as a viable medium of exchange. Two birds with one stone. CasSelle has been at the forefront of innovation before. His first company NetNoir, took part in the AOL Greenhouse Program, and he also served as a top executive in Tencent’s joint venture with Groupon.