As the Web Summit concludes, the comments made by many experts shape the attitude towards web3, Blockchain and cryptocurrencies. In this post, we will share the comments of William Quingley, CEO of WAX Blockchain focused on NFTs and dApps. Quingley conveyed his intentions for web3 coins and web3 games. It pointed to a reasonable problem with this area. Here are the details…
WAX CEO: Big game companies will not enter the blockchain space
WAX CEO William Quigley shared his ideas in an interview after the conference. He especially pointed to web3 games that have come to the fore lately. He noted that currently, major gaming companies are not adopting blockchain-based game development. He then said that the classic companies will most likely not take responsibility for the next generation web3 games. According to Quingley, the fact that classical companies stay away from the web3 area may bring about some issues.
According to the CEO, creating a game with Blockchain is essentially a painful process. In addition, Quingley pointed out that many of those who currently create blockchain games are independent game developers. The reason behind the big companies staying away from this area is that they are “not sure what the income model will be”. In addition, according to Quingley, these companies do not know how moving to a Blockchain-based system will change their game. According to the CEO, augmented reality and virtual reality can make the biggest contribution to web3 games.
More about web3 games
Koindeks.com As we have also reported, web3 games use the concept of Blockchain technology as a core component of a game economy. Sometimes, game assets owned by customers appear as NFTs. Thus, gamers have control over their assets in the decentralized web3 gaming ecosystem. Also, the integration of Blockchain technology is one of the main highlights.
The inclusion of Blockchain infrastructure in games has brought massive adoption in Web3 game instances such as Axie Infinity, The Sandbox (SAND). However, as the WAX CEO mentioned, there was no sign of adoption from large companies. The developers were mostly independent.
What are game-oriented web3 coins?
Quingley has many projects focused on Web3, Blockchain games. These projects also often have altcoins. As the WAX CEO mentioned, the lack of interest from big companies can negatively affect the space. In this case, it can be concluded that the cryptocurrencies of the projects will also experience a decline. So, what are these coins? We can list some of the major Web3 game coins as follows:
- The Sandbox (SAND)
- Decentraland (MANA)
- Axie Infinity (AXS)
- WEMIX (WEMIX)
- Enjin Coin (ENJ)
- VIDT Datalink (VIDT)
- Gala (GALA)
- BOTA (BORA)
- WAX (WAXP)
- Vulcan Forged (PYR)
- Illuvium (ILV)
- Chromia (CHR)
- Efinity Token (EFI)