The evolution of gaming could witness a massive transformation with the help of crypto miner games and Web3 games. These experiences are blockchain games and can use decentralized technologies to change and redefine the gaming landscape.
Blockchain is mostly known as the platform for cryptocurrencies that enables trading digital assets after checking the BTC price USD. However, blockchain is also the core technology for Web3 games. Web3 games, unlike regular games, are built on decentralized systems, and this setup allows game developers to create innovative and unique gaming experiences. Players of Web3 games will own their in-game items, in a transparent and fair environment, with the possibility to participate in game economies that are clear and open.
The gaming world is evolving rapidly, and Web3 games represent one of the most exciting technological advancements. Web3 games leverage the power of decentralized technologies and will most likely revolutionize the gaming industry.
What are the attributes of Web3 games?
True ownership of in-game assets
Web 3 games use non-fungible tokens (NFTs), which are unique digital items of game weapons, characters or virtual land. These non-fungible tokens have great potential as they let players have full control over them, and later, they can sell, buy and trade these tokens inside or outside the game.
Owning NFTs is not popular just for games, as this concept is present in many online areas. Plus, as these assets are created on blockchain technology, individuals can benefit from a safe transaction if they want to trade their digital tokens.
Provable fairness
Blockchain technology is based on smart contracts, which ensure verifiability and transparency. Smart contracts eliminate the possibility of unfair or cheating practices as they are based on encoded agreements that execute some actions automatically if the conditions are met. Everything is recorded on the blockchain, from the in-game move to the trade of NFTs, so this platform creates a provably and undeniably fair environment.
The players witness every move of the game and the eventual outcome and can be viewed by anyone on the blockchain. A high transparency not only enhances trust but can also reshape the gaming industry and push for a new standard of accountability and fairness.
Transparent economies
The in-game items in the Web3 games possess real-world asset features. In these games, the players can win special elements or digital money while playing. Then, they can use these rewards in the game or trade them for something else. In this way, gamers can earn real value for their gaming time and skills. So, if a player gets a special element in the game, like a sword, it will not be just an item but could be traded for another valuable game product or a real digital currency. This creates a blend between the real and game world, and rewards the players by creating a lively economy in the game.
Blockchain technology is the platform that empowers Web3 Games
Web3 games are created on blockchain technology that can revolutionize the gaming world. Web3 games function with the help of smart contracts that govern in-game transactions, rewards distribution and asset ownership. They represent automated agreements encoded in code, thus ensuring a trustless environment where all the actions are made automatically when a set of conditions are met.
Additionally, the Web3 games benefit from an interoperability feature that facilitates a seamless movement of characters and assets between different platforms and games. So, players can leverage their NFTs across many networks, enhancing the value and utility of their in-game assets. This feature contributes to a more interconnected and immersive gaming experience.
As the blockchain network improves scalability, the Web3 games can benefit from more complex interactions and a larger user base that will not compromise performance. Innovations like sharding and layer two protocols reduce transaction costs and latency, thus creating a better gaming experience.
Moreover, the scalability present in the blockchain technology ensures the game will perform seamlessly and offer a lag-free experience for players. This scalability improves the gaming experience while allowing Web3 games to surpass traditional gaming platforms regarding complexity and user engagement.
What made the Web3 games so popular?
Play-to-earn opportunities
Web3 games benefit from a unique “play-to-earn feature”, where players can earn cryptocurrencies or real money. This makes the games more exciting and allows players to have another source of income. So, with the help of Web3 games, individuals are not playing just for fun but are also shaping the game and creating value.
Ownership and inclusivity
Web3 games are inclusive, allowing players worldwide to participate in games and earn real value. This is a huge bonus as it brings diversity to the gaming experience and helps in financial empowerment. So, it allows a skilled player from a developing country to gain recognition in these games, thus making gaming more equal and democratic.
Community governance
Web3 games are created on the blockchain platform, meaning players can actively participate in the game’s development. They can vote on new features, updates and events, thus making the game a community-driven network and a collaborative experience. This makes games more exciting and gives players a real sense of belonging, improving their gaming experience.
The bottom line
Web3 games are changing our perception of playing and interacting with the online world. They are created on blockchain technology that lets players own some in-game items, which contributes to a clear economy. With the help of these blockchain games, individuals can now enjoy new and innovative gaming experiences and earn real value from their gaming skills.
Although there are some challenges present in the market, the future of Web3 games looks quite bright. These games started to have some big changes in the gaming experience, focusing less on central control and more on the players. So, Web3 games can shape the future of gaming.