The arrival of technological trends always brings new waves of change in different industries. When the internet arrived, no one could imagine how Silicon Valley’s top businesses could transform business and technology for everyone. Years after the Internet business revolution, the world is ready for the Web3 revolution, and Web3 gaming is one of the first steps in this long journey.
The concept of Web3-based games is significantly different from that of traditional gaming platforms. In fact, Web3-based games offer an innovative perspective on participating in games in a decentralized way. So, what is a Web3 game? The following discussion will help you find the answer by digging into the basics of Web3 games.
Problems with traditional games
If you try to browse the numbers related to the global traditional gaming industry, you will see where the opportunities lie. The video game industry has millions of customers around the world and is a multi-billion dollar industry. However, the demand for Web3 or blockchain gaming has changed due to the apparent setback in the traditional gaming industry.
- In-game asset trading restrictions
The first problem with traditional games is that players can purchase in-game assets with fiat currency.However, these assets only have value within the game’s ecosystem. Therefore, players cannot trade their in-game assets on any other platform than the relevant game marketplace.
- True ownership of in-game assets
In addition to restrictions on in-game asset transactions, players must also be aware of the impact on control over their assets. Are you the true owner of the in-game assets? Unlike top Web3 games, the game owner or operator owns the copyright to the in-game assets. In other words, players who own in-game assets in traditional games basically need to have permission to interact with different in-game assets.
- Control in-game information
If you realize that traditional games are in fact the best contenders for a new Web3-based game model, then you have to focus on the dilemma of decentralization. You have to be aware that traditional games store all game-related information on their own servers. Game administrators have complete control over the use of game-related information, adding to the burden of centralization. However, the limitations of centralized servers have led to vulnerabilities and inadequate protection of digital assets.
The evolution of the concept of Web3 games in the crypto world is mainly to solve these problems in the traditional game industry. Let’s learn more about Web3-based games and the key features of the revolutionary game mode.
Definition of Web3 Games
In any discussion of “what is a Web3 game”, the obvious aspect will start with a Web3 game-based definition.You can understand the term as a new paradigm of decentralized gaming. All activity within a Web3 game or gaming ecosystem, as well as ownership of in-game assets and experiences, is beyond the scope of any central authority. Players have full ownership of their assets and experiences in a decentralized Web3 gaming ecosystem .
One of the main highlights of Web3 Gaming is the integration of blockchain in the gaming world. How is this possible and why is it relevant?
When you look at the problems of the traditional game industry and the characteristics of Web3 games, you will find a fruitful connection. For example, the decentralization advantage of top Web3 games helps players have a say in the future of the game. In addition, Web3 games offer the innovative advantage of earning while playing, rather than the pay-to-play model found in traditional games. Some notable highlights of Web3 games that support the “play and earn” feature, including the ability to trade assets or tradable game tokens. Axie Infinity is a popular earn-and-play game that offers the convenience of monetary rewards for NFT returns.
Based on providing a fair virtual market, the importance of Web3 games in the field of encryption has also increased significantly. Web3 games can provide players with full access and full ownership of in-game digital assets. These games are able to store in-game digital assets in the form of NFTs while supporting interoperability. Modern blockchain networks such as Solana and Polkadot offer the advantage of interoperability by leveraging cross-chain communication bridges.
Key Features of Web3 Games
In this discussion, the next big highlight ahead of the Web3 games list will be a clear focus on some of the key features associated with Web3 games. With new game modes in Web3 Games, players can have greater authority over ownership, control, and flexibility to trade in-game assets and collectibles. Below are some of the basic characteristics you can find in current Web3 games.
- Ownership control and seamless flow of assets
The most important feature of blockchain games is the control of ownership, as games provide self-sovereignty. Players can exercise full ownership of in-game assets and collectibles through NFTs. Web3 ensures that users have true ownership of their in-game assets, while taking advantage of the interoperability of competing assets. For example, players take ownership of in-game assets in one game and then use them on another platform of their choice.
- Player-Centric Experience
Top players in Web3 games show how new gaming ecosystems can thrive in experiences tailored to player preferences. You can find many noteworthy aspects of Web3 Games’ focus on giving players the best possible rewards. For example, the earn-as-you-play game shows how players can make the most of the game to earn monetary rewards. Additionally, the autonomy aspect in Web3 games also highlights how they view the player’s interests.
- Transparency and Availability
One of the most compelling highlights about “what is a Web3 game” is the distributed nature of the process.You don’t have a single point of failure like a centralized server for traditional games. Most importantly, blockchain-based games use voting consensus to change the course of the game. Therefore, Web3 games can provide better transparency. In addition, the autonomous operation of the Web3 gaming ecosystem and minimal intervention by the central governance (project side) ensure high availability. You also have the advantage of a highly resilient data storage facility and block minting for less downtime and better scalability.
Technologies required for Web3 games
The technology required to create Web3 games is also one of the biggest highlights of Web3 games in crypto forums. You can notice the following important technologies in the Web3 gaming stack.
- Web3 dApp
The first entry in the components of the top-level Web3 game will point to the Web3 dApp. The Web3 library helps game developers and players interact with blockchain networks. A Web3 dApp or library provides the necessary tools to support in-game assets and transactions.
- smart contract
Smart contracts are the heart and soul of the Web3 games you see today. They help define voting and decision-making rules about changes needed to evolve the game. Typically, developers use the Remix IDE in Web3 game projects to write, compile, and deploy smart contracts. On the other hand, for a simple local development environment, you can use tools like Hardhat, Brownie, and Truffle.
- node provider
Node Providers, also known as Web3 Providers, are another important highlight in the discussion of blockchain gaming and its value. Web3 providers help extract game information on blockchain networks, where nodes are an integral element of a Web3 developer’s technology stack. Most importantly, Web3 libraries or dApps cannot interact with smart contracts without nodes.
- media standards
Another prominent aspect of Web3 gaming development in the crypto ecosystem is the need for open media standards. Web3 games require open and interoperable media design standards as they deal with text, audio, video, 3D scenes, and many other vehicles that power dApps.
- digital wallet
Participating in top Web3 games obviously requires integration with blockchain-based wallets. Web3 games must have a blockchain-based digital wallet with a unique wallet address to provide proof of identity. Most importantly, it acts as a repository for different in-game assets and collectibles.
- XR hardware
The last bright spot in the Web3 gaming tech stack will draw attention to extended reality hardware. XR hardware such as haptic gloves, smart glasses, and scanning sensors help enhance Web3-based gaming experiences. In fact, XR hardware can serve as an integral aspect of connecting Web3 games to the wider Web3 ecosystem, such as the Metaverse.
The final answer to “what is a Web3 game” certainly provides a reasonable impression of how they have revolutionized the gaming world. Web3 games allow players to take ownership of in-game assets and collectibles without any central intermediaries or managers. In addition, the earn-as-you-play game on the Web3 games list shows how Web3 can change the gaming world forever.
Now, if you consider the prospect of a blockchain-based game being rewarded with money, players will no longer have to pay to play the game. With a wide range of benefits for players and a wide-ranging innovative technology stack, web3 gaming has shown considerable growth potential.
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