WAX Team Created in 2015, OPSkins quickly became the global marketplace leader for video game virtual assets. The company has facilitated over 100+ million purchases annually for millions of customers across 95 countries. OPSkins built a centralized solution to address the greatest needs of the marketplace, reducing friction between buyers and sellers. These challenges are non-trivial and create a high bar for success: critical mass of buyers and sellers to create liquidity, settlement execution due to lack of trust between buyers and sellers, 100% of fraud loss shifted to the platform rather than the customers, cross-border execution, multilingual offerings, etc.

 

In building the number one centralized marketplace, OPSkins’ founders recognized an even greater potential to grow the market by decentralizing it and giving the power of the marketplace to millions of video game entrepreneurs and influencers who have social graphs, traffic, content, and existing followers. By shifting the parts of the marketplace that are complex and expensive to build to the video gamer ecosystem and by decentralizing those components on the blockchain, the market will grow even faster than it has already, and everyone will be able to benefit from that growth.