Years after the internet business revolution, the Web3 revolution has started, and Web3 gaming is the new kid on the block.
Free and open-source online games known as Web3 games use blockchain technology as its economic base.
In-game collectibles and assets can be traded and owned through special NFTs using game tokens or cryptocurrency in web gaming.
Unlike traditional game economies that disallow swapping in-game money for real-world goods, earn-to-play Web3 enables users to own in-game assets.
Web3 gaming has so far successfully given decentralization and self-sovereignty in gaming.
Gaming communities are embracing Web3 games and promoting them under a variety of names, including Play-to-Earn games, Crypto games, NFT games, etc.
Gamers can actually claim ownership of the in-game assets due to the development of NFTs and liquid markets for exchanging these assets.
The ownership of in-game products and gameplay experiences, as well as the Web3 gaming environment, are not governed by a single body.
The governance of a Web3 game is controlled by the players, or Gaming DAOs, and in this decentralized environment, the players own all of their gains.
The Web3 technology is appealing to many larger enterprises as well, and some of them have even hired the top Web3 Game Development Company to work on their projects.
Let's go through some fundamental features of Web3 gaming platforms:
Having and being compatible
When playing traditional games, players frequently lose all of their in-game stuff whenever they transfer games or gaming platforms.
Furthermore, the value of their digital belongings was negligible in the real world.
In contrast, in Web3 gaming, users acquire in-game products and collectibles in the form of NFTs, which they then fully own after spending time playing the game.
This function exemplifies self-sovereignty by enabling players to possess and exchange digital in-game assets between platforms.
The in-game items that any player accumulates can be moved from one Web3 platform to another without losing any of their worth or meaning.
Aspects of Classical Games
Every player has different tastes in games, genres, characters, and other gaming-related elements.
Web3 introduces decentralization to expand player options by integrating enhanced versions of current games into the metaverse and blockchain platforms.
Users can create avatars, trade in-game items and digital assets, and make money by playing old Web3 games in the metaverse.
Play-to-Earn Gamified Player
Economics Cryptocurrency integration in Web3 makes gaming economies more approachable and encourages player participation.
A fair manner of distribution is provided to players via the native integration of P2E and MMO game economies. P2E economics consists of virtual resources, economic strategies, and player coordination models.
Digital assets and game progress will be owned, and player and developer incentives will be more aligned.
Minimal Downtime
Web3 gaming uses decentralized block mining, low maintenance costs, and abundant data storage to operate continuously and autonomously.
Gaming integrity
The unhackable blockchain network is housing Web3 games, enhancing model security. Using blockchain technology, DAOs (Decentralized Autonomous Organizations) increase transparency in Web3 games.
Every game change has a vote consensus provided by DAOs, which any player can access objectively.
Conclusion
With more P2E games and metaverses going live on blockchain in 2022, web3 gaming appears to have a bright future.
Demand for digital infrastructure and expertise in Metaverse development is growing as Web3 gaming develops.
To provide gaming solutions, animation, design, and Blockchain technology, Suffescom Solutions Inc. established a Web3 gaming center of excellence.
With access to world-class infrastructure and R&D lab resources, the new vertical boasts talented game producers, game design artists, and developers who can simultaneously produce Web2 and Web3 games.