Malcolm Casselle: What does the future hold for WAX

Malcolm Casselle is the president of worldwide asset exchange (WAX) one the biggest marketplace for selling and buying things online. Before joining WAX, he held different positions. For instance, he was the chief executive officer of media pass which an online paywall solution that designs subscriptions based revenues that is used for digital content. He is a bachelor’s degree holder from the Massachusetts Institute of technology and a Master’s degree holder from the Stanford University.

 

He was also the chief executive officer of Xfire a brand for those who are into video games. It has also got a global network has more than twenty-two million registered users. He was also the director of the HongKong capital investments where he was responsible for managing direct investments that were going to the last stage companies.

 

The reason behind the creation of worldwide exchange asset was to have a platform that helps people participate in the virtual game assets which shows the importance of tokenizing in the gaming items. Wax can not only create a marketplace for games, but it can also reduce transaction costs and this one of the things that it couldn’t previously accomplish.

 

One of the most significant hurdles behind tokenizing is how to efficiently monitor and make sure that each of the blockchains is intertwined with its asset. Thanks to the multilayer governance approach that is taken by WAX it is now easier to have a regulatory oversight of any token holder. The exchange process usually takes place by users whose primary function is to transfer them.

 

If they aren’t able to execute their mandate, then the financial stake and the guild reputation will be affected significantly. We are currently in a world where it is possible to have a share of Aston Martin or the Babe Ruth baseball card. In this generation, there is a higher possibility of fans and collectors to fractionize physical assets. That said, by ensuring that the delivery options of modern exchanges and governance are decentralized it should be easier for companies such as Guilds to specialize in the regulatory oversight.

 

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