Traditional companies likely won't lead the charge in the next generation of Web3 games – WAX CEO

"Actually, I think the first big games that have several million persistent users every day — those will come from new studios startup," said William Quigley.< /p> Interview

According to WAX co-founder and CEO William Quigley, traditional ideas about games, both from the companies that develop the games and from gamers themselves, could be slowing down the adoption of Web3 games.

Speaking to Cointelegraph during a Web Summit panel in Portugal on Nov. 3, Quigley said “trying to make a video game using blockchain is a pain in the ass,” noting that many products on the market are browser-based but use in-game digital assets on the blockchain. The WAX ​​CEO added that non-fungible tokens, or NFTs, have given indie developers an in-game advantage, allowing them to pre-sell and raise needed funds.

For the most part, the people making [blockchain-based games] today are independent game developers,” Quigley said. “The big triple-A video game companies haven't adopted it yet, and probably for good reason – they don't know what the revenue model will be; they don't know how it's going to change their game."

He added:

"I actually think the first big games that have several million persistent users every day - those will come from new start-up studios. I doubt they'll come from the mainstream video game market."

WAX co-founder and CEO William Quigley speaking at Web Summit

Also on the Web Summit panel, Gamee co-founder and CEO Bozena Rezab said that the NFT pre-sales might offer some benefits, but held the potential to "trap" developers by putting them in a binding relationship with gamers looking for a certain product. Quigley said many traditional gamers "don't support NFTs" to "pollute the game" - something that could slow down companies looking to adopt blockchain-based games.

“The biggest kind of novelty on the horizon that could allow blockchain-based games to take off would be b...