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28Jan/18Off

Malcolm CasSelle Plans to Change the Gaming Market

Malcolm CasSelle has plans for the future of cryptocurrency, and it involves blockchains. A former graduate of MIT and Stanford, with a bachelor’s and master’s degree in computer science, CasSelle has key management positions in web-based investment firms for years. Starting in 1995 with NetNoir, a company he co-founded, CasSelle took part in the AOL Greenhouse Program. Later, working for firms in China, CasSelle took part in Groupon’s venture with Tencent, a gaming and messaging company.

Presently he is the acting CIO for OPSkins, a company that leads in-game asset sales globally. He is also the president of Worlwide Asset eXchange, a soon-to-be-launched P2P network that deals in trade and sales of online content. OPSkins is also a global leader in the merchandising of bitcoins. This puts CasSelle in a unique place to have some say over the future of cryptocurrency.

Cryptocurrency, like bitcoins, are digital assets that can be used as alternative forms of real currency. Smartphone games deal in them, as well as most games currently leading the charts in the gaming market. Most cryptocurrency is restricted to the specific game it is designed for, although some are used for trade in other markets. When bitcoin decentralized it was the first time digital currency actually showed a return of investment. Now merchants like OPSkins, experts like CasSelle, major businesses, and private investors are examining cryptocurrency markets like never before. As the gaming market has utilized in-game currency for years, many see it as the next step in cryptocurrencies evolution. Unfortunately, most game developers are staying away. Chief reason among them the fact that an open market can only exist if it is decentralized. Unfortunately, decentralized markets are risky ventures as they are dogged with fragmentation and fraud.

The innovation of blockchains changes all that. CasSelle’s company WAX will use blockchains to create smart lists that ensure safety, protection, and validation. The widgets will guarantee that every transaction is 100% legitimate, opening unrestricted trade for gamers everywhere.

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