Malcolm Casselle is the CIO of the number one bitcoin trade in the earth that leads globally in sales of in-game virtual assets: OPSkins. The world today has a demand for cross-border payments, and this is making the market Sze bigger every time. The demand is for a decentralized market. Nevertheless, OPSkins is the leading marketplace that is centralized for all virtual assets. Many limitations on technologies on the centralized technology are making the decentralized marketplace the next option available for the trading. This has led to the launch of a new blockchain platform that will be significant for virtual asset trading. It is called Worldwide Asset eXchange, WAX. This is marketplace important in trading the virtual assets that are built in line with the blockchain foundation and decentralized contracts that will give the buyers and sellers and buyers to trade effectively on virtual assets.
WAX is anticipated to solve some two major issues in the virtual marketplace. The two are fraud and fragmentation. It solves this through a simple widget that is blockchain enabled that allows the users to sell and buy virtual goods without clicking off their games. One may be wondering how it solves the fragmentation issue. WAX does this by uniting the segregated virtual asset market. This is enabled through the introduction of the blockchain application of eSports. This will allow the sellers and buyers to tokenize and sell virtual assets in a setting free from fraud. The platform allows the customer to tokenize the gaming assets after which they can instantly seller buy the available gaming assets from other players without the need to click away from their screens. It will enable all the customers to buy assets from each other without itches. It also solves the fragmenting geographical issues. WAX token stands as the recognized currency for every gamer which will solve the FOREX issues flooding the virtual asset markets.
The number two problem the WAX solves is the fraud. This is solved through the elimination of the intermediaries in the system. The smart contracts will remove the need for transactional intermediaries and make sure that the goods are delivered to the sellers and buyers without any intervention of a third party.