Malcolm Casselle is a bachelor’s degree and master’s degree holder both in the field of Computer Science.He took his bachelor’s studies at MIT and master’s studies at Stanford University. Casselle is the current President of WAX also known as Worldwide Asset eXchange. Before which he had served as the President and CTO at tronc formerly known as Tribune Publishing.
Malcolm also worked as the SVP & GM of Digital Media at Sea Change Int’l after it owned his company Timeline Labs where he was the CEO. His works included leading several startups in the digital industry likeMediaPass, a great digital subscription resolution to main media organizations, Xfire and Groupon’s combined investment with Tencent in China. He has invested in prominent companies like Zynga andFacebook. During his career, Malcolm helped in bringing up billions of money for PCCW’s open offering and also hundreds of millions for other reserved businesses.
Wax presents a platform where an individual is able to take part in a virtual marketplace and trade virtual game properties. Wax has lowered the costs incurred due to transaction charges and in turn it has created marketplaces which were previously not possible through tokenization. However, Wax faces a major challenge of safeguarding its token and imaginary asset bond. An approach known as mulita-layered governance helps solve this problem by creating regulations for people with tokens.
Blockchains where transactions are less frequent tend to be less safe than one’s where there are continuous transactions. Bringing physical assets to Wax will be able to increase safety as the less traded virtual assets will be hashed into less traded physical properties. When transactions are added to Wax’s blockchain, the chances of hackers hacking the transactions will be reduced. This is due to the challenge it would present of rehashing several transactions.
With the leadership of Malcolm Casselle, Worldwide Asset Exchanges continue to bring in various innovations into the world. Wax is creating a refined ecosystem of properties which could not be exchanged before. It is going to be a perfect place to onboard physical properties as their token are still tied to physical items.