The Worldwide Asset Exchange (WAX) is an innovative platform that allows anyone to take advantage of tokenizing for virtual game assets. Wax has opened up new possibilities in the virtual gaming world that wasn’t possible before while reducing transaction cost. Tokenization allows owners of virtual assets increased accessibility to their virtual money with the potential to turn it into real assets.
The biggest problem in tokening assets is being able to monitor and ensure they stay tied to the correct asset. The platform has a multi-layer security approach that allows users to govern and regulate their assets. The layers of the process include transfer agents, guilds, a rating system and a proof of stakes algorithm. A failure in any of the processes can damage the reputation of the responsible party. Transfer agents main purpose is to deliver the assets and the guilds regulate and oversee the transactions.
Malcolm Casselle is a successful entrepreneur and has played a major role in many companies such as OPSkins, New Ventures at Tronc,Inc and SeaChange International. He also was an early investor in Facebook, Zynga and Bitcoin. Malcom is fluent in Japanese and Mandarin. He received a bachelor’s degree from MIT and a master’s from Stanford University both in the field of computer science.
Wax was created to improve the buying and selling experience of the more than 400 million online players. The platform takes advantage of blockchain technology which allows tokens to be utilized for games and other virtual goods to be easily exchanged for cryptocurrency. The technology also enables a worldwide pool of buyers and sellers to exchange virtual goods while minimizing typical risks. The platform is decentralized which solves prior problems such as high processor and currency fees. Eliminating these barriers is expected to make the trading market grow at unimagined levels.
Having worked at GE for over twenty years, Glen Wakeman has an extensive background in management. He earned an MBA degree from the University of Chicago and holds a BS degree in Economics and Finance, which he received from the University of Scranton. He co-founded LaunchPad Holdings in 2015 and is the company’s Chief Executive Officer. The company helps entrepreneurs who are interested in starting a new business by using what is called a LaunchPad Toolkit (DailyForexReport). The aspiring business owners are given professional advice and are provided with connections to people who can supply them with the capital they need to turn their dream into a reality.
Glen Wakeman gained his management experience while working in operational positions at several companies, where he was CEO and president. He worked at GE Capital for a little more than two decades, becoming an expert in regional management, general management, technology, operations and business development. He was also the founder and president of a company called Nova Four.
His deep curiosity about why new businesses seem to fail so often is what led him to start a business that would address the issue. Through LaunchPad Holdings, he offers advice on how to effectively use management strategies to solve business problems. The program focuses on risk management, finding capital and developing leadership skills. It uses a 5-step performance method to help new entrepreneurs stay on track with their business goals.
Glen Wakeman has been successful at running businesses in many regions around the world. He has lived in 6 different countries, among them were Europe, Asia, and South America (https://ideamensch.com/glen-wakeman/). His worldwide experience in business operations, as well as his strong desire to analyze and solve entrepreneurial start-up issues through his company’s software program, is what makes him a reliable source when it comes to finding the inspiration, motivation, confidence and skill it takes to run a successful business. Through LaunchPad Holdings, his professional advice, strategies, and tools puts tomorrow’s business leaders on the right path to being the kind of managers they desire to be.
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