Players of video games have a new way of making money from the items they find and purchase while enjoying themselves, even in those that don’t have a way of doing so within the game itself. Virtual game assets comprise many things such as game skins and other virtual assets. A new platform called Worldwide Asset eXchange (WAX) has been developed which will help people by allowing them to tokenize these assets and trade them with other players at low transaction costs. The company is hoping to eventually extend their platform to real physical assets as well at some point in the future.
One of the entrepreneurs that came up with the WAX platform is Malcolm CasSelle. He works for tronc. inc. as the company’s president of new ventures as well as its chief technology officer. Other companies he has served as an executive at include MediaPass and Xfire, both also in the technology industry. Additionally, he was brought in as one of the leaders of a joint venture between China’s Tencent and America’s Groupon.
As an investor, Malcolm CasSelle has invested in several companies over the years that were startups at the time. This includes such successful companies as Facebook and Zynga. He also has invested in companies that are involved in the Bitcoin industry.
For a few years, Malcolm CasSelle worked for SeaChange International. He was this company’s general manager and senior vice president. Prior to this he was the chief executive officer of Timeline Labs. Timeline Labs was acquired by SeaChange International in 2015 and after the acquisition he was chosen to be a top executive.
Malcolm CasSelle is a graduate of MIT which is where he earned his bachelor’s degree. He also attended Stanford University, earning his master’s degree. Both of his degrees are in computer science. Additionally, while attending school he learned to speak both Japanese and Mandarin fluently. This has helped him during the course of his career as he has held positions in companies in both Japan as well as China.