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William Quigley

๐Ÿ‘ค Speaker
436 total appearances

Appearances Over Time

Podcast Appearances

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

Well, I've never really understood what Web3 is, but regarding crypto, that came out of my partner and I's business in virtual item trading, video game virtual item trading.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

So a lot of people in the early days of crypto came from our industry.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

And for your audience, if they play video games and there's virtual items in those games, some minority of video game publishers allow people to trade the virtual items that they either buy or they earn.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

And so we ran platforms that allowed people to buy and sell those.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

And it's in many ways similar to how people use crypto because people would use video game virtual items as a, as a money substitute, particularly people who are in areas where it's hard to get banking or hard to get digital payments reliably.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

And so that experience made us

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

probably more open-minded to the idea of crypto than other people because we already understood that there was a need for a internet-based payment system.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

So that's how we originally got excited about it or interested.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

And then once we were in it, we realized, okay, there's a lot to build.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

So we just started building all the things we thought would be...

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

They're exactly what you just said.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

Yeah, the publishers don't like it.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

And I've made the arguments to publishers over the years why tradability is a good thing.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

They have valid points as well.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

Now, some of them worry about it.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

Some gamers think it degrades from the quality of the game.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

I never bought that argument.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

But I do buy the argument that if you are a very controlling oriented game publisher,

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

Then having a marketplace for your items would create an additional level of complexity in how you price and distribute your in-game items.

Web3 with Sam Kamani
371: What Founders Still Get Wrong in Crypto with Guest speaker William Quigley from WAX + Tether

So, you know, I can see both sides of it, but at the end of the day, the users want to trade.

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