Gaming is only one of the many industries that Web3 has transformed. Web3-based games offer players the opportunity to interact with the games in novel and decentralized ways, which represents a significant change from traditional gaming platforms. With the aid of cryptocurrencies and NFTs, people can play to win. Democratizing all facets of gaming removes the need for a single central authority within a game and instead places the power in the hands of the player.
Although in-game items can be bought with real money in traditional gaming or redeemed for rewards, game developers still retain ownership of the in-game material. Simply put, gamers do not own the digital items they use in-game. Instead, in traditional gaming, a player’s ownership is just a license to use certain features.
Gaming Decentralized Autonomous Organizations (DAOs) with decentralized gaming ecosystems, blockchain-based game asset ownership, play-to-earn, crypto-secured gaming wallets, and metaverse gaming are just a few of the cutting-edge methods offered by Web3 gaming.
What is Web3 gaming?
Web3 gaming is a decentralized gaming process in which any central authority is removed from the operations of a gaming ecosystem or gaming platform, specifically the ownership of gaming assets and decision-making in all game-related areas.
Blockchain technology is being used to create Web3 games, which give players a voice in how and when the game should change. By providing asset trading, tradeable game tokens, and opportunities for players to earn in cryptocurrencies while playing, Web3 gaming also provides the groundwork for play-to-earn for users and transforms the pay-to-play aspect.
For the gaming industry, Web3 gaming offers fair virtual marketplaces where gamers can access and fully control in-game digital assets. These resources are unique and are kept in the form of gaming NFTs.
By connecting in-game assets and players across platforms, web3 gaming also offers extensive interoperability among various gaming ecosystems. The sort of blockchain platform chosen for creating a gaming ecosystem will affect interoperability. For instance, the interoperability capability in cross-chain communication bridges is offered by Polkadot or Solana.
What are the key features of Web3 gaming?
Web gaming is a value-exchange gaming concept where players may use cryptocurrencies to own and exchange collectibles and in-game items in the form of one-of-a-kind NFTs. Web gaming is open source and provides self-sovereignty and decentralization in gaming. The following are some defining characteristics of Web3 gaming platforms:
Possession and compatibility
Web3 gaming allows for full player ownership of all in-game items, including collectibles, through the use of digital NFTs. In traditional gaming, players own in-game items and collectibles, but once they choose to switch gaming platforms, they forfeit all of their possessions. Web3 gaming offers genuine ownership and platform compatibility, which addresses this issue. On one gaming platform, users can own in-game items that they can then transfer to another.
Adaptation of older games
Another intriguing aspect of web3 gaming is the decentralization of previous game formats by integrating and modernizing them into blockchain and metaverse platforms. Every gamer has their own unique gaming style and favorite game. By adding them to the metaverse, where users may create their own avatars and exchange their preferred in-game items and collectibles, Web3 proposes to enhance well-known dating games.
playing based on players
The gaming ecosystem in web3 gaming is customized based on player preferences. Gamers can gain from Web3 gaming in a variety of ways. The first is the “play to earn” component, in which users may make money using in-game products, and the second is “old-game integration,” which satisfies gamers’ desire to play their preferred games in the metaverse. The fact that Web3 gaming offers self-sovereignty, which is again advantageous to players, is another feature of player-driven gaming.
Minimal Downtime
Web3 game environments are self-sufficient, low-maintenance, and independent of any outside interference. Web3 gaming has extremely little downtime due to block mining and huge game data storage capacity.
Clear-cut gaming
Games are hosted on the blockchain in Web3 gaming, a distributed method that renders them impenetrable. Blockchain-based gaming relies on voter consensus to change the game process and has no single point of failure. It is also equally available to all participants on the network. Web3 gaming enables a great degree of transparency in this way.
What is the technology stack of Web3 gaming?
The elements of the Web3 gaming technology stack are as follows:
Web3 apps and libraries
Game designers and gamers can engage with the blockchain platform with the aid of Web3 libraries. The libraries and dApps provide interactions with smart contracts and support in-game assets and transactions. dApps for web3 gaming are created with Unity or Unreal SDKs. The Web3 libraries’ role adjusts after the protocol between EVM and non-EVM blockchains are completed.
Smart contracts keep an eye on and control different game mechanics. The voting and decision-making processes for game evolution adjustments are likewise managed by smart contracts. Smart contracts, which may be tailored to players’ needs, control voting and decision-making for game updates. Most developers write, compile, and deploy smart contracts using the Remix IDE. However, when a local development ecosystem is required, technologies like Truffle, Hardhat, and Brownie are simple to employ.
electronic wallets
There are blockchain-based digital wallets on every Web3 gaming platform. To identify players, each uses a different wallet address. It keeps a variety of gaming memorabilia and in-game resources. To communicate with the blockchain in Web3 games, wallets are a crucial component.
Hardware XR
Smart glasses, haptic gloves, scanning sensors, and other XR technology connect the gaming ecosystem with the metaverse for a rich and interesting Web3 gaming experience.
requirements for open, interoperable media
For the purpose of enabling decentralized 3D applications, these standards include texts, audio, 3D scenes, and vectors.
