Traditional firms likely won’t be leading the charge in the next generation of Web3 games — WAX CEO

Traditional firms likely won’t be leading the charge in the next generation of Web3 games — WAX CEO

Traditional ideas about gaming, coming from both the firms developing the games and the players themselves, could slow down adoption of Web3 games, according to WAX co-founder and CEO William Quigley. 

Speaking to Cointelegraph at a Web Summit panel in Portugal on Nov. 3, Quigley said “trying to build a video game using a blockchain is a pain in the ass,” clarifying that many of the products on the market are based on browsers but utilize in-game digital assets on the blockchain. The WAX CEO added that

As the crypto and blockchain space continues to grow, ??so too have the number of options available to users interested in having the technology integrated into their favorite games. SupraOracles reported the market capitalization of the 5 most used in-game tokens was roughly $25 billion in February, with the total gaming market predicted to reach more than $583 billion by 2030.