OPSkins is best known as the leader in global sales for virtual assets, such as cosmetic skins, in online video games, but the company has also become the number one Bitcoin merchant in the world. But while OPSkins is the top centralized virtual asset marketplace, the limitations of this format led the leaders of the company, such as CIO Malcolm CasSelle, to decide that a decentralized market was the best way to proceed. This is where the WAX (Worldwide Asset eXchange) platform comes in.
WAX is OPSkins’ new P2P marketplace for virtual assets, and it’s based on blockchain and decentralized contracts that allow for the easy, efficient trading of virtual assets. WAX allows people to ‘tokenize’ virtual assets and to buy and sell these assets with other online players without leaving the game screen. thanks to WAX’s blockchain widget. The platform will also allow users to trade with others using different cryptocurrencies without needing a middleman for exchange, and eliminating intermediaries makes these transactions safer as well as more efficient. Mr. CasSelle and OPSkins are confident that WAX can revolutionize the trading of in-game virtual assets, and they are even planning to bring WAX technology to the growing world of eSports.
Malcolm CaSelle graduated from the Massachusetts Institute of Technology with a Bachelor’s Degree in computer science before receiving his Master’s Degree in computer science from Stanford University. Aside from his positions as the CIO of OPSkins and the President of WAX, Mr. CaSelle has also served as the Senior VP and General Manager for SeaChange International’s Digital Media division, and as the CTO and President of New Ventures at tronc., Inc. Prior to holding these positions, he co-founded and acted as the CTO of NetNoir, one of the first-ever media production sites specializing in Afrocentric culture.
Mr. CaSelle also has extensive experience with start-ups in the digital sector. He has led the start-ups MediaPass and Xfire, as well as Groupon’s joint Chinese venture with Tencent. He was an early stage investor in media giants Facebook and Zynga, and he has more recently invested in Bitcoin-related businesses. Malcolm CasSelle currently lives and works in Los Angeles, California, where he continues to lead OPSkins and WAX.