With the online platform getting popular each day, many people aren’t patient enough to handle their curiosity about it. Although some people still find trading online insecure, the platform has become faster and safer through the knowledge and skills of competent technologists like Malcolm Casselle. When Malcolm launched WAX, he didn’t know it would transform the world as it has done today. The Worldwide Asset eXchange he launched has solved a lot of the trading problems people used to encounter.
Before Malcolm came up with WAX, OPSkins had a bundle of hitches to handle. Most people used OPSkins when trading their virtual assets online. They liked it because it was an affordable centralized marketplace for their trades. However, Malcolm Casselle later discovered virtual asset traders needed a decentralized marketplace to make their trading operations smooth. Although the centralized marketplace was helpful in some ways, it couldn’t protect the traders fully from fragmentation and fraud. With these two problems, the traders couldn’t make smooth transactions.
With the introduction of WAX, most of the issues the traders experienced were dispelled. Although the world market had accepted the use of cryptocurrency when the traders used OPSkins, Malcolm invented WAX to increase the influence and presence of cryptocurrency in the market. He knew people would not need to invest in infrastructure, payment processing, and also security if they used a decentralized system. With the decentralized system, you don’t need to have traded before to join the trading platform.
It’s amazing the people who created OPSkins are the same who developed WAX. This decentralized system has helped over 400 million online traders and gamers to buy, sell, and collect their in-game items. Through WAX, Malcolm Casselle has helped many people to tokenize the blockchain technology and harness its power. Making any cryptocurrency exchange is no longer an uphill task when using Worldwide Asset eXchange. The traders who use WAX say it’s no longer expensive to convert currency, process fees, and access inventory. Malcolm is the president of WAX. He studied at MIT and graduated with a Computer Science degree, and later a master’s degree in the same field. Besides establishing Timeline Labs, Malcolm has also worked at NetNoir as the CEO.