OPSkins are launching a blockchain platform designed for virtual asset trading. The platform is Worldwide Asset eXchange (WAX), and is a peer-to-peer marketplace where buyers and sellers can trade virtual assets, he platform being build upon a foundation of decentralized smart contracts and blockchain.
In addition, as a result of using a blockchain-enabled widget that allows individuals to buy or sell without leaving their game, the platform solves two big problems that virtual asset markets have to deal with, fraud and fragmentation.
Fragmentation came as a result of the emerging marketplaces that have issues with payment processing, security, and language. WAX allows users to tokenize their assets and buy or sell instantly. Additionally, WAX Token is a common currency, which means this will eliminate the problem of not being able to make transactions with other users who use different cryptocurrencies.
Security issues and fraud are major problems in the virtual asset market. OPSkins managed to solve the issues by using smart contracts to facilitate the sale or purchase of an asset, which means delivery of the asset is guaranteed. As a result, there is no need for intermediaries that would drive up the price.
Smart contracts and blockchain allows new kinds of user operations, and the virtual trading community will benefit from being able to use the platform for global exchange. The platform is designed to support specific needs that the market has, and is made to provide an optimal experience for users looking to trade virtual assets.
Malcom CasSelle notes that he is confident in the WAX platform, mentioning that the gaming industry will push the world of cryptocurrency into the mainstream. He has been an investor in companies such as Zynga and Facebook while they were in their early stages, and he also invested in Bitcoin-related companies. CasSelle holds a Computer Science degree from Stanford University and has graduated from the Massachusetts Institute of Technology. He is currently the President of WAX, and the Chief Information Officer of OPSkins. OPSkins is the number one Bitcoin merchant in the world and a global leader when it comes to sales of in-game assets.