We all have heard about Gaming & some of us Played many Games, Let's Discuss about types of Gaming & How they impact our Lives.
Web3 Gaming
Web3 gaming is a new way of playing games that uses blockchain technology to create decentralized & transparent gaming platforms. Blockchain is a system of storing & verifying data that is distributed across a network of computers, rather than controlled by a single entity.
This means no one can tamper with or control the data, and everyone can see & verify it. Web3 gaming uses blockchain to create games that are fair, open & community driven. This means that no one can cheat, hack or manipulate the game rules or outcomes.
Web gaming also gives players more control & ownership over their in-game assets, such as items, characters, & currencies. You can trade, sell or even create your own assets using smart contracts which are self-executing agreements that run on blockchain.
Benefits of Web3 Gaming :
A Fair Battle for All
One of the main benefits of web3 gaming is that it creates a level playing field for all players, regardless of their skill level or budget.
Unlike traditional games that often favor pay-to-win models or have unfair matchmaking systems, web3 games ensure that everyone has an equal chance to win and have fun. You don’t have to worry about losing your hard-earned loot or progress to hackers or scammers.
You also don’t have to spend a fortune on microtransactions or subscriptions to access premium content or features. Web3 games let you play how you want, when you want, and with whom you want.
Making Bank in the Gaming World
Another perk of web3 gaming is that it allows you to earn real money while playing your favorite games. How cool is that? By owning your in-game assets, you can monetize them in various ways, such as selling them on marketplaces, renting them out to other players, or using them as collateral for loans.
You can also earn rewards for completing quests, challenges, or achievements in the game. Some web3 games even have their own tokens or cryptocurrencies that you can use to buy or sell goods and services within the game or outside of it. Web3 gaming turns gaming from a hobby into a potential source of income.
Squad Goals — The Power of Community
Web3 gaming also fosters a strong sense of community among gamers. Since web3 games are decentralized and open-source, they rely on the input and feedback of their users to improve and evolve.
You can participate in the game’s governance by voting on proposals, suggesting new features, or reporting bugs. You can also join or create your own clans, guilds, or factions within the game and collaborate with other players to achieve common goals.
Web3 gaming empowers you to be more than just a player — you can be a creator, a leader, or a contributor.
Saving the Environment, One Game at a Time
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Last but not least, web3 gaming is good for the planet. Traditional games consume a lot of energy and resources to run their servers and maintain their databases.
Web3 games use blockchain technology to reduce their environmental impact by eliminating the need for centralized servers and intermediaries. They also use more efficient consensus mechanisms and scaling solutions to optimize their performance and reduce their carbon footprint.
Web3 gaming is not only fun and fair — it’s also eco-friendly.
How Web3 Gaming is transforming the gaming industry :
Web3 gaming is not about cool new tech - It's a big change in how we play and create games. It gives gamers more control & freedom and opens up new opportunities for game makers. Plus, it brings new ways to have fun, learn, make a difference & create value.
The year 2024 is a big one for the gaming industry, with a lot of big releases & amazing technological advances from some of the smartest developers. It's the start of Web3 gaming frontier, Miracle gates entertainment, Ethereum, Phantom Galaxies, Gabby world & Aether Games Inc. are at the forefront of this revolution, bringing a lot of new, unconventional games that use blockchain technology.
March continued the upward trend in daily active users(wallets), reaching 2.3 million-a 28.9% increase from January. The endeavors of blockchain game developers & builders have successfully drawn more web2 studios & gamers into the web3 gaming era.
The Future of Web3 gaming will be more amazing. Here are some of the things you expect to see :
Difference b/w Web2 & Web3 Gaming :
Web2 Gaming
Web 2 gaming refers to traditional online gaming accessed via a web browser & reliant on a centralized structure. In Web 2 games, both user & game data are stored on centralized servers managed by game developers.
To play these games, users are required to create accounts with login details through web browsers, Well known examples of Web2 games include World of warcraft, League of Legends & Fortnite.
Web2 companies typically monetize their games through In-app Purchases. This can be very profitable model, but it can also be predatory. You may be tempted to spend more money on in-app purchases than you can afford.
Here are some examples of Web2 Gaming Companies
Web3 Gaming
Web3 gaming offers several advantages over traditional Web2 gaming, but let’s look at the key ones below:
1. Decentralization
Decentralization is a fundamental difference between Web2 and Web3 games. In Web2 games, a central authority exists, overseeing and managing the game. While this central authority streamlines game management, it can also lead to certain issues due to its authority. Transparency is limited in Web2 games, and as a player, you need more visibility into game decisions and operations. Additionally, you should have a say in decision-making, creating a disconnect between you and game developers.
In contrast, Web3 games are decentralized, operating on the blockchain without a central authority. This provides transparency and involvement for players like you and developers. Some Web3 games use decentralized autonomous organizations (DAOs) that allow players to contribute to decision-making through voting. In Web2 games, the governance system does not consider player input and values.
2. Ownership
Ownership is another significant distinction between Web2 and Web3 games. In Web2 games, you do not have ownership rights over the in-game assets you acquire or create. The game developer retains control over these assets, and you have limited options for leveraging your in-game items outside the game environment.
On the other hand, Web3 games utilize blockchain technology and non-fungible tokens (NFTs) to provide you with true ownership of in-game assets. NFTs are unique digital tokens that represent specific assets within the game. You can buy, sell, trade, and even transfer ownership of these assets on secondary marketplaces. As an owner of these NFTs, you can determine the fate of your digital possessions, opening up possibilities for real-world use cases and financial opportunities.
3. Play-to-Earn and Tokenization
Play-to-earn is a new model for monetization in Web3 games. Web2 games focus solely on entertainment, offering no opportunities for you to earn money or own valuable in-game assets. In contrast, Web3 games embrace the play-to-earn model, allowing you to monetize your gameplay by earning cryptocurrencies or non-fungible tokens (NFTs).
This is done through tokens, which are digital currencies that power the game's economy. You can earn tokens by completing quests, winning battles, or other activities in the game. You can then use these tokens to purchase in-game items, upgrade your characters, or trade them for other tokens or cryptocurrencies.
Tokenization in Web3 games grants you true ownership of in-game assets as NFTs, enabling you to trade and sell them on secondary marketplaces, creating real-world value from your virtual possessions.
Play-to-earn has the potential to revolutionize the gaming industry and make it more accessible to people from all walks of life. It allows you to earn money while you play, which can help offset the cost of playing the game or even provide a source of income.
4. Infrastructure
In Web2 games, the infrastructure is centralized and controlled by a single entity, which can lead to issues like censorship, security breaches, and lack of transparency. In contrast, Web3 games use decentralized infrastructure, not controlled by any single entity, providing enhanced security, transparency, and user control.
5. Economy
Web3 games introduce economic value, with in-game accounts represented by addresses and transactions facilitated through wallets. Blockchain technology ensures secure trading of Non-Fungible Tokens (NFTs) and collectibles, improving transaction security and tracking accuracy of items.
6. Transparency
Web2 games have centralized elements, while Web3 games utilize distributed systems stored on the blockchain, ensuring transparency through voting consensus and eliminating single points of failure.
7. Interoperability
Web3 games offer extensive interoperability by connecting assets and players across different platforms and blockchains, depending on the chosen platform. This allows for cross-chain communication and compatibility, enhancing the overall gaming experience.
8. Trust
Web2 games rely on centralized authorities, raising concerns about bias and favoritism. In contrast, Web3 games are trustless, as smart contracts stored on the blockchain enforce rules and resolve disputes, ensuring fair treatment and quick resolution for all players.
