Recently, Web3 has been transforming various industries, including gaming. It is the concept of a new third-generation Internet, decentralized and based on blockchain and tokenization. Web3 is the opposition to the centralized Web2 of the World Wide Web.
The gaming industry has always been at the forefront of innovation and advanced technologies. And as the world of gaming has constantly expanded and prospered, players have become more demanding, and it is no longer enough to just have fun while playing.
Today, players expect developers to push the boundaries and offer more original solutions. This is exactly what brought a whole new generation of games based on Web3 technology, which opens up a whole new sphere of exciting games for both ordinary and avid gamers.
The emergence of Web3 games marked the transition from traditional gaming platforms to decentralized games with full ownership for players. But it is much more than that! Web3 games seek to utilize things like Metaverse, NFT, and blockchain technology.
Web3 games allow players to earn money using cryptocurrencies and NFTs.
We should also add that web3 contributes to the democratization of the gaming world. What does it mean? The main power is in the hands of gamers, not the central government.
Web3 gaming technology opens a new era. This is the era of decentralized games based on the peer-to-peer architecture of blockchains as the main component of the cryptocurrency and NFT gaming economy.
Web 3 games are digital games with the provision of digital assets in the form of NFTs or crypto that players can trade independently within a single platform or ecosystem (similar to traditional games), as well as across multiple networks and platforms.
Full ownership and interaction
Speaking of Web 3 games, the first thing worth mentioning is the sovereignty of the elves. This means that players enjoy full ownership of their in-game assets and collectibles as digital NFTs. Unlike traditional games, where players lose assets when they decide to change gaming platforms, Web3 games solve this problem – now players can not only trade their assets without third-party intervention within a particular platform, but also transfer them to different platforms while maintaining full CONTROL.
Transparency
Since Web 3 games are hosted on the blockchain, they cannot be hacked. Another interesting thing about blockchain-based games that is worth noting is the consensus in voting. In layman’s terms, if it is necessary to make changes to the gameplay, all players involved in the network participate equally. There is no single authority – it’s all about democracy in the world of video games. Thus, Web 3.0 games are transparent.
Player-centered gaming
A player-driven gaming ecosystem allows for the management of gaming communities and decentralized gaming platforms. The focus is on the player experience rather than short-term profit. Created according to the preferences and requirements of gamers and adapted to the passion and skills of the player, web3 games make the gaming experience profitable with the P2E module as the deciding factor.
Decentralization
Blockchain has gained such popularity mainly due to the decentralization that the technology provides. Users have the right to act online without any intermediaries. Decentralized Autonomous Organizations (DAOs) in the gaming world involve players directly in development decision-making processes through tokenized voting rights.
New monetization opportunities
Web3 gaming creates an innovative in-game economy where players are rewarded for their gaming skills and can turn their hobby into profit. The P2E model allows players to earn real money for the time they spend playing.
Security
Blockchain technology is well known for its high level of security. Data is stored in blocks that are added to the blockchain. This prevents various hacker attacks and makes it impossible to falsify data. In addition, cryptographic security measures ensure that gamers do not lose their NFTs and valuable tokens in the event of cyberattacks.