Malcolm CasSelle is a man with a plan. He has key insights that he has developed during his career in the digital technology industry. He currently serves as the chief investment officer for one of the world’s largest in-game sales companies. This company is known as OPSkins. OPSkins allows users to conduct transactions in virtual worlds. As of now the ability to transact virtually is dependent upon centralized marketplaces. The use of centralized marketplaces contains inherent flaws.
The two biggest flaws associated with centralized marketplaces are those of fragmentation and fraud. Malcolm CasSelle has recently launched a new company that he has named worldwide asset exchange. This company is based on the blockchain technology that is also behind the popular digital currency bitcoin. Utilizes cryptographic techniques in order to ensure the immutability of transactions and creates a system that does not need a middleman and does not need to trust in order to operate. Instead, he uses able to construct transactions using a common store of value. In the case of his new company which will serve as a piece centralized marketplace for the exchange of virtual goods users will be using something that is called a wax tokens. These tokens will function as a common store of value and will eliminate the need for foreign exchange markets to facilitate transactions. The use of foreign-exchange markets creates upward pressure on the price of doing transactions amongst users of different geographical areas. Additionally, since the blockchain utilizes cryptographic techniques in order to ensure the immutability of transactions, it will also help to reduce the prevalence of fraud significantly.
Malcolm CasSelle is not only known for his role in the industry of virtual asset exchange but has been able to make an impact in a number of other companies as well. He has been in the successful venture capitalist. He was able to invest in the earliest stages of both Facebook and Zynga. This led to him being incredibly successful at an early age. He has since then gone on to create a significant influence in the world of digital technology companies.