The CIO of OPSkins, Malcolm CasSelle is a computer science graduate from the University of Stanford, and is likewise a graduate of the Massachusetts Institute of Technology. OPSkins is a world known retailer of virtual assets for in-games. The company is also the leader in bitcoin trade across the globe.
Having many supporters and followers who often trade on the internet and thus make payments therein, there has been an extensive demand for the decentralization of payments made online. Although OPSkins is considered the forerunner in the industry for centralized payment systems, there occurs to be restrictions due to the designed technological capacity of the program. And since this affects the online trade for the accessories of virtual games, the next step that needs to be accomplished is the creation of a decentralized market place.
To address the issue mentioned above, OPSkins’ founders are delivering a new platform of blockchain that can be utilized for virtual asset buy and sell. The said platform is the Worldwide Asset eXchange or WAX. Worldwide Asset eXchange is a peer-to-peer or P2P trading ground for the sales and purchase of virtual assets that is created upon a basis of a block chain. This will pave way for the decentralization of smart agreements that will permit sellers and buyers to trade virtual assets cost-effectively with each other.
WAX addresses the two main dilemmas in virtual asset trading, which are fraud and fragmentation. It resolves this by using a simple enabled device that is integrated within the blockchain that lets every user purchase and sell virtual products without undue delay and without the need to log off their current games.
The existing current virtual asset trading network is made up of an assortment of regional and local trading places that are confined at the very beginning due to security issues, language concerns, and forms of payment processing that hampers majority of users to their respective regions or countries. The sole answer to the “fragmented” type of market is the implementation of a blockchain, and the Worldwide Asset eXchange (WAX) Token spearheads the blockchain utilization in eSports by generating a seamless market that permits sellers and buyers to competently tokenize to enable them to trade their virtual assets in a scam protected site that is driven by the blockchain.